“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…
Tag: Financial Services
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…
Japan’s Mizuho bank ‘rolling out generative AI’ to 45,000 employees
“Mizuho is rolling out generative AI functionality to its 45,000 employees in Japan. The Japanese bank’s move to grant its employees access to Microsoft’s Azure OpenAI services reportedly makes it one of the country’s first financial firms to adopt generative AI technology.” https://www.fstech.co.uk/fst/Japan_Mizuho_bank_rolling_out_generative_AI_to_45000_employees.php#:~:text=Mizuho%20is%20rolling%20out%20generative,to%20adopt%20generative%20AI%20technology.
A.I. finance tools see more than $1 billion in VC investments from 2019 to 2022
Sharing Our Field Notes: The State of Generative AI in Financial Services
This is the most comprehensive analysis of Generative AI in Financial services that I’ve read to date, and I uncovered the article compliments of Ron Shevlin re-sharing a post from Matt Harris at Bain Capital Ventures. I highly encourage you to read the full post at the link below, but here are a couple of…