“Against that backdrop, Truist’s mobile app users grew 6%, to 4.6 million users. Zelle transactions surged 31% to 22.9 million, and overall digital transactions gained 9% to 70.8 million. Truist One’s embrace skews decidedly younger, as management noted on the call that 79% of new applications come from millennials and Generation Z consumers. The company…
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Fed launches new payments system that lets you send money in seconds
“The Federal Reserve Thursday officially launched its long-awaited instant payment service FedNow, which allows consumers and businesses to send and receive money in seconds. The system lets Americans pay for groceries instantly, businesses pay their suppliers, or people pay each other. It will be available 24 hours a day, every day of the year, with…
Apple is testing a ChatGPT-like AI chatbot
“Apple is developing artificial intelligence tools to challenge OpenAI, Google and others, according to a new report from Bloomberg’s Mark Gurman. The tech giant has created a chatbot that some engineers are internally referring to as ‘Apple GPT.’” https://techcrunch.com/2023/07/19/apple-is-testing-chatgpt-like-ai-chatbot/amp/
Rolling Out A Generative AI Strategy In 2023
“74% of organizations that adopt AI into their marketing efforts have seen their revenue increase.” https://www.forbes.com/sites/forbestechcouncil/2023/07/17/rolling-out-a-generative-ai-strategy-in-2023/amp/