Bank of America has demonstrated a long-standing commitment to harnessing advanced technologies such as artificial intelligence (AI) and machine learning to enhance its customer service and improve employee productivity. These technologies have been integrated into various operational areas within
Major US banks experienced an exceptional year in 2024, boasting a 20% surge in net profits among the largest institutions, marking one of the most prosperous years for the sector in the past two decades. This impressive recovery follows the regional banking turmoil of 2023, which led to the
The digital transformation within the financial industry has notably impacted the accessibility of core banking services for older adults and other digitally marginalized groups. This growing concern comes amid a decline in physical bank branches, which were previously relied upon by these segments
Scheduled for March 24 and 25, the impending nationwide bank strike in India has stirred significant concern and uncertainty among the banking community and customers alike. Initiated by the United Forum of Bank Unions (UFBU), the conglomerate consists of nine prominent unions, including the All
Coastal Financial Corp., the parent company of Coastal Community Bank, has recently unveiled a material weakness in its internal controls over financial reporting, specifically regarding its accounting practices. This revelation emerged in a Securities and Exchange Commission (SEC) filing,
With several bank holidays looming between March 15 and April 6, it’s essential to strategize in advance to avoid any interruptions to your banking needs. This period includes weekends, second and fourth Saturdays, and the holiday for Eid. While bank branches will close on these days, digital b
