A recent IT survey by UBS says small banks might look to follow in BB&T and SunTrust's footsteps and merge to consolidate power.
Of respondents from banks with over $100 billion in assets, 75% said they are already implementing artificial intelligence, compared to only 46% at banks with assets under $100 billion.
Adoption of public cloud has also accelerated at big banks while lagging at smaller firms. Nearly half of respondents at the largest banks said at least 40% of their workloads are on the public cloud, while only 21% of smaller banks can say the same.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Worried About a Global Recession? Here’s What to Watch.BofA Merrill Lynch recommends keeping an eye on trade data, capital spending and global purchasing managers’ indexes, not jobs and consumer spending.
Read more »
Wall Street bonuses tumble as big banks keep tax cutsWall Street slashed bonuses by a whopping 17% last year, even as profits across the securities industry reached an all-time high, according to a new report.
Read more »
A new study shows mHealth apps lack evidence and imperil patient privacyA recent analysis of mobile health (mHealth) apps found their data-sharing practices to be excessive, which creates privacy risks that should make providers wary about prescribing mHealth apps to their patients, per a British Medical Journal study.
Read more »
New study shows consumers want seamless multichannel e-commerceA new study from BRP shows the vast majority of consumers (82%) say they've researched and reviewed products online before making a purchase in-store:
Read more »
May expected to offer her job for Brexit deal as parliament tries multiple choiceBritish Prime Minister Theresa May is expected on Wednesday to indicate a date f...
Read more »
May expected to offer her job for Brexit deal as parliament tries multiple choiceBritish Prime Minister Theresa May is expected on Wednesday to indicate a date f...
Read more »
Brexit in play: parliament tries multiple choice as May's job on the lineThe British parliament will try to find an alternative to Theresa May's twi...
Read more »
Brexit in play: parliament tries multiple choice as May's job on the lineThe British parliament will try to find an alternative to Theresa May's twi...
Read more »
House Armed Services chairman denies $1 billion transfer for Trump wallThe U.S. House of Representatives Armed Services Committee on Tuesday denied the Pentagon's plan to shift $1 billion to build a wall on the U.S. border with Mexico, intensifying the conflict over President Donald Trump's signature campaign pledge. Acting Secretary of Defense Patrick Shanahan
Read more »