Vaidik Trivedi is an Associate Editor at Bank Automation. He covers a range of topics within the BFSI and financial services sectors, focusing on banking, fintech, AI, and machine learning, as well as market trends and trading. Vaidik's insights and analyses have been featured in Bank Automation News and Air Cargo Next.
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Vaidik Trivedi specializes in covering the intersection of banking technology, artificial intelligence, and financial institutions. Given his high coverage of press releases and private sector announcements, he is likely to be responsive to pitches related to new product launches, strategic partnerships or investments within the fintech space.
Considering Vaidik's focus on citing data, pitching with proprietary research or industry-specific statistics could help grab his attention. He might also appreciate commentary from experts who can provide insights into the impact of technological advancements on finance & economy as well as the business & industry sectors.
While not explicitly mentioned, Vaidik's articles mostly seem focused on U.S.-based companies and transactions. Therefore, pitches related to developments within American banking technology and AI would likely resonate best with him.
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By: Vaidik Trivedi
Regions Bank is teaming up with information technology company Axway to accelerate its open banking transition. The $157 billion bank's initiative follows the Consumer Financial Protection Bureau's Oct. 22, 2024, ruling that mandates protections and offerings for bank clients, including: Free transfer of money from one bank to another; Secure payments through open banking; and […]
The Consumer Financial Protection Bureau has approved the Financial Data Exchange's (FDX) application to issue standards for data sharing for open banking, according to CFPB's release today. The CFPB asked industry leaders to apply to become part of a standard-setting body for data sharing in a release on June 5, 2024, but only data-sharing infrastructure […]
The Clearing House' Real Time Payments network grew 94% year over year on a dollar basis in 2024 as it continued to benefit from the Federal Reserve's marketing of FedNow. TCH moved $246 billion on its network in 2024 and increased transaction volume by 38% YoY to 343 million transactions, according to a Jan. 8 […]
By: Vaidik Trivedi
Banks are better positioned to adopt the Financial Data Exchange's data sharing protocols than are fintechs, giving banks an edge in implementing open banking framework. The Consumer Financial Protection Bureau on Jan. 8 appointed Financial Data Exchange (FDX) as the standard data-sharing body for open banking. FDX is an API-driven data sharing platform founded by […]
The Clearing House's Real-Time Payments network is ready for cross-border payments from a technical perspective but is waiting for U.S. adoption of the network to grow to initiate the service. TCH conducted a pilot in 2022 with Euro Banking Association Clearing, the instant payments network of the European Union, to settle transactions between the United […]
The Consumer Financial Protection Bureau is suing Capital One for allegedly keeping its customers in the dark about its digital product offerings. The bureau charged that the $483 billion bank did not communicate the difference between its 360 Savings accounts and its 360 Performance Savings accounts, according to a release from the Consumer Financial Protection […]
Goldman Sachs in today's earnings call announced a three-year tech investment plan that uses automation and AI to improve its overall efficiency and new product roadmap. The $546 billion bank has identified three areas in which it plans to up its investment, Chief Executive David Solomon said during the fourth-quarter earnings call, without disclosing the […]
Citibank will invest heavily in technology as it continues the long journey of restructuring all of its operations. “We accelerated our use of AI, arming 30,000 developers with AI tools to write code,” Chief Executive Jane Fraser said during the bank's fourth-quarter earnings call today. The bank also launched two AI platforms that can search […]
Bank of America reported increased engagement on its digital banking platform for consumers even as it invests in its branch network to strengthen in-person channels. Expanding branch networks is part of the $2.4 trillion bank's “investing for the future” strategy, Chief Executive Brian Moynihan said during the bank's fourth quarter earnings call today. “This quarter […]
Citizens Bank is looking to drive $100 million in savings in 2025 with its Tapping Our Potential (TOP) program efficiency program. The $219 billion bank realized $150 million in savings in 2024 thanks to the program, according to Citizens' earnings report, published today. The program was launched in 2014 to maximize efficiency in the bank's operations […]
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