funding news

KeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations.   “The reason we’ve been able to invest is we took $400 million of expenses out last year just for the…
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The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and fees for these services, according to today’s CFPB release.…
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Citizens Bank is deploying generative AI and migrating operations to the cloud as part of its cost-saving and efficiency measures.  The bank reported that 70% of its applications will be on the cloud by the end of 2024 and it aims to deploy…
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