The game changer. As AI penetrates deeper into banking, institutions look past its novelty to make sure their investment yields value. The integration of artificial intelligence into the financial sector is moving beyond the experimental stage as the new technology becomes a cornerstone of modern banking operations. Take DBS Bank, for example, whose former CEO
From rule-based to responsive. AI is transforming consumer lending. But to succeed, human capital must be as big a priority as technological advances. Financial institutions worldwide are leveraging AI, marking a shift from traditional rule-based systems to responsive, intelligent solutions. Nowhere does the fusion of data and AI hold more potential than in one of
The US Consumer Financial Protection Bureau (CFPB) plans to revise the open banking regulations initially adopted under former President Joe Biden, reported Reuters. CFPB’s decision follows a federal judge’s pause on a lawsuit aiming to strike down these regulations, allowing the agency time to replace them with a new version. The consumer finance watchdog, under
Per new law, shares with unpaid dividends and unclaimed bond dues for seven years to go into IEPF The Finance Ministry has announced August 1 as the appointed date for the implementation of provisions in the Banking Laws (Amendment) Act, 2025. These provisions relate to enhancing the threshold for substantial interest and widening the ambit
(Reuters) -Citigroup has hired Pankaj Goel from JPMorgan Chase to co-lead its technology investment banking, according to a memo seen by Reuters on Tuesday. Goel, who has more than twenty years of technology experience, was most recently global chair of technology investment banking at JPMorgan, according to the memo, signed by Citi’s head of North
M. Nazeem A. Choudhury, Deputy Managing Director, Prime Bank The Daily Star (TDS): What is the current state and trend of bank deposits in the country? For all latest news, follow The Daily Star’s Google News channel. M. Nazeem A. Choudhury (MNAC): The deposit landscape in Bangladesh is evolving amidst global uncertainties, domestic inflation and
With Wells Fargo freed from its asset cap, the lender’s government banking team is squarely focused on growing both its client base and deepening its relationships with those customers. “Our limitations are behind us,” said Elena Gallo, head of the government banking unit within Wells’ commercial bank, in a recent interview. “The team feels that
The ROAD to Housing Act is now headed to the Senate floor for consideration. It has garnered support from key housing, real estate and mortgage trade groups, though several are pushing for changes to specific provisions. “This bill is a welcome step in the right direction,” said Isaac Boltansky, head of public policy at Pennymac,
The continued investment in branches is a continued investment in bankers. A well-trained, motivated banker turns a physical location into a relationship hub, writes Dave Martin, of BankMechanics.Adobe Stock I recently spent a few days back in a small town we called home almost 30 years ago. As I drove around the area, I found
Banking feels simple, until you realize your money’s stuck in a low-interest account, and you’re getting hit with surprise fees left and right. I’ve been there. I bounced between a friendly local credit union, a big-name bank, and finally, an online-only account that actually worked. After all the trial and error, here’s what I learned: