Vaidik Trivedi

TD Bank is investing in technology for anti-money laundering compliance after the U.S. Department of Justice fined the bank $3 billion in October for money laundering. “This quarter, we implemented further improvements in transaction monitoring and refinements in our customer risk rating methodology,” Chief Executive Bharat Masrani said during the bank's fiscal fourth quarter earnings […]

Valley Ventures, the investment arm of Valley Bank, invests in fintechs that can be integrated into its operations. Nearly 50% of the fintechs Valley Ventures invests in are used by Valley Bank or its commercial or retail clients, Izge Cengiz Ercan, director of product innovation at $62 billion Valley Bank, told Bank Automation News. The […]

RBC, TD Bank, NBC and Scotiabank spent close to CA$1.8 billion ($1.2 billion) integrating the tech stacks.

Citizens First Bank is tapping fintech WaveCX to enhance digital engagement.

Financial institutions are bracing for higher data budgets in 2025 primarily driven by cloud infrastructure and AI technology. Nearly 94% of FIs are expecting increased data management budgets, according to London-based data service provider Gresham Technologies' Dec. 9 report, “Financial firms' digital wake-up call.” Gresham surveyed 200 senior data professionals working in financial services across […]

TD Bank is driving innovation internally by encouraging employees to submit their tech ideas to enhance the bank’s product offerings and streamline in 2025.

Red Hat’s cloud platform OpenShift will now host digital solutions for digital banking service provider SBS

People First Federal Credit Union has joined the Federal Reserve’s real time payments network, FedNow, as a receiver and aims to expand its capabilities to include send functions to improve customer experience in 2025.

The Consumer Financial Protection Bureau announced today that it has sued Early Warning Services, Bank of America, JPMorgan and Wells Fargo for allegedly failing to implement anti-fraud safeguards on peer-to-peer payments network Zelle.

Bank of America, JPMorgan Chase and Early Warning Services are standing firm against allegations made by the CFPB