Banking

Banking

Envestnet data and analytics revenue falls 7% YoY

Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale.  The wealthtech giant’s data and analytics revenue fell 7% year over year to $38.6 million during the quarter, according to its...

Banking

Nvidia’s data center revenue up 409%

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy generative AI.  The Santa Clara, Calif.-based company posted data center revenue of $18.4 billion, up 409% year over year, according...

Banking

Lloyds Bank to reduce costs by $1.5B in 2024

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024.   The London-based bank’s focus on technology aims “to increase the pace and efficiency of change,” Chief Executive Charlie Nunn...

Banking

FIS leader talks M&A, tech integration

Institutions approaching mergers and acquisitions must consider how to combine cultures, business models in addition to their tech stacks.  Tech stack integration doesn’t have to be the most challenging aspect of a merger or acquisition, especially if the institutions are...

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