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BankingTech FinTech

Microsoft Cloud for Financial Services incorporates retail lending automation

February 26, 2021 at 11:48PM A new offering from Microsoft will allow banks to automate the retail lending processes through a cloud-based service. Microsoft announced its Cloud for Financial Services on Wednesday, though this is currently a soft launch in which only select companies are participating. The package includes several offerings that will help banks automate and digitalize, including its […] via Bank Automation News https://bit.ly/37SMcB7
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BankingTech FinTech

On the Job with … Fifth Third Bank’s intelligent automation and AI projects

February 26, 2021 at 11:48PM Bank Automation News breaks down automation-specific job postings by the nation’s biggest banks to glean current growth strategies for bank automation. Two job postings at Fifth Third Bank suggest the bank is revamping its artificial intelligence (AI) program and seeking to step up automation. The $204.7 billion bank is seeking both a director for conversational […] via Bank Automation News https://bit.ly/3ktvJsd
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BankingTech FinTech

Weekly Wrap: The future of automation at Wells Fargo, Bank of America files automation patents

February 26, 2021 at 09:58PM This week Bank Automation News took an inside look at automation strategy at the $1.96 trillion Wells Fargo, which has thousands of attended bots and hundreds of unattended bots that save the bank millions of hours on an annual basis.   Meanwhile, Bank of America filed 722 patents with the U.S. Patent Office; Capital One and Wells Fargo are also among 300 companies that filed the most patents last year, with many automation-related patents among their applications.   Find this and more in […] via Bank Automation News https://bit.ly/3dP4d78
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BankingTech FinTech

Inside look: The evolution of Wells Fargo’s automation strategy

February 26, 2021 at 12:21AM For the past three years, Wells Fargo’s automation strategy has pushed the $1.96 trillion bank to invest more heavily in bots. “Human doing it today, bot doing it tomorrow,” is how Paul Krauss described the bank’s early thinking on automation. Krauss is the enterprise robotics and intelligent automation leader at the San Francisco-based bank, where […] via Bank Automation News https://bit.ly/3bHmalC
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BankingTech FinTech

How to … create an automation center of excellence

February 25, 2021 at 07:43PM Automation Center of Excellence: A clearinghouse for best practices in an organization’s automation journey. It can include members of business, IT and project managers who oversee automation projects within the bank. An automation center of excellence (CoE) can help drive efficiencies throughout an organization. “Whether you call it CoE or you call it an ‘automation […] via Bank Automation News https://bit.ly/3pWtTRE
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BankingTech FinTech

Royal Bank of Scotland to invest in further automation

February 24, 2021 at 11:05PM Automation investments paid off so well for the Royal Bank of Scotland in 2020 that the U.K. bank plans to invest in additional automation, targeting gross savings of $423.1 million by 2023. Royal Bank of Scotland is owned by the $1.1 trillion NatWest Group. Group CEO Alison Rose said automation and digitalization drove revenue and […] via Bank Automation News https://bit.ly/2Pasfzm
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BankingTech FinTech

Cross River tech leader Jesse Honigberg to speak at BA Ignite

February 24, 2021 at 09:44PM Jesse Honigberg, technology chief of staff at Cross River Bank, is among the experts who will discuss automated personalized engagement at scale at the Bank Automation Ignite virtual conference on April 13-14. Honigberg will be part of a live panel discussion on Wednesday, April 14, at 12:30 p.m. ET. View the BA Ignite agenda. At […] via Bank Automation News https://bit.ly/3pQq7cJ
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BankingTech FinTech

FDX’s Don Cardinal on how secure, standardized data drives automation

February 24, 2021 at 09:39PM Username Password * Remember Me     Forgot Password via Bank Automation News https://bit.ly/37JgnL7
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BankingTech FinTech

Fed restores some services after outage on ‘operational error’

February 24, 2021 at 09:04PM The Federal Reserve began restoring some services Wednesday afternoon following widespread outages across several key payment systems operated by the U.S. central bank. “A Federal Reserve operational error resulted in disruption of service in several business lines,” Jim Strader, a spokesman for the Richmond Fed, said in an e-mailed statement. “We are restoring services and […] via Bank Automation News https://bit.ly/3soAbev
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BankingTech FinTech

New solution from Astra promises faster automated ACH transactions

February 24, 2021 at 01:06PM A new development platform launched Tuesday claims to help banks and fintechs offer faster automated ACH transactions at less cost than building. The company, Astra, has an ACH API platform that targets fintechs and banks in the market to replace their legacy systems, CEO Gil Akos told Bank Automation News. ACH transactions are the electronic […] via Bank Automation News https://bit.ly/37Flcov