“Merrill Wealth Management and Bank of America Private Bank announced the full-scale rollout of AI-Powered Meeting Journey, a workflow tool that handles preparation, note-taking and follow-up for financial advisers. The bank says the capability can save advisers up to four hours per client meeting, across millions of meetings annually. The tool works in three stages…” Read more…
Tag: Financial Services
Stablecoins: What Community Banks Need To Know And Do Now
“What Community Banks Need to Do (Now) Community banks can’t assume that “we’re not in crypto” equals “we’re not exposed.” They can be exposed through their customers’ behavior, vendors’ integrations, and their own rail economics. Every bank—big or small—needs a stablecoin strategy (now). That’s not a choice. The choice is to what extent do you…
Tech companies are blaming massive layoffs on AI. What’s really going on?
“The timing and framing of the layoffs attributed to AI layoffs warrants closer examination. Corporate restructuring, over-hiring during the post-pandemic boom as demand for online services soared, and pressure from investors to demonstrate improved profit margins are all forces operating at the same time as genuine advances in AI. While these are not mutually exclusive…
HSBC weighs deep job cuts as AI overhaul unfolds: report
“Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, Bloomberg reported. The greatest impact is anticipated to be seen among non-client-facing positions in global service centers, but the evaluation is only in an early stage, according to…
Wells Fargo pushes AI literacy as banking roles evolve
“Wells Fargo is stepping up efforts to prepare its workforce for the growing influence of artificial intelligence (AI) in banking. The lender is introducing AI literacy initiatives and hands-on demonst… Read more at: https://www.hrkatha.com/news/wells-fargo-pushes-ai-literacy-as-banking-roles-evolve/