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If you feel like the connected economy has crept from your living room to your litter box, you’re not wrong. The smart home has gone from “lights that turn on when you clap” to “a toilet that makes better nutrition choices than you.” Somewhere between those endpoints, we lost track of the line — and now your shower is on a first‑name basis with Alexa.
The Lay of the Land (and the Lawn...
CVS Pharmacy said it is now serving more than 9 million former Rite Aid and Bartell Drugs patients after completing its acquisition of select assets of the now-closed Rite Aid.
Following Rite Aid’s filing for bankruptcy in May, CVS Pharmacy acquired 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington, as well as the prescription files of 626 former Rite Aid and...
Federal banking regulators’ efforts to reduce regulatory burdens and focus on material risks will save banks a lot of full-time equivalents, PNC Financial Services Group Chairman and CEO Bill Demchak said Wednesday (Oct. 15) during the bank’s quarterly earnings call.
Asked by analysts about the potential tailwind banks could see from these regulatory changes, Demchak said that PNC had...
Fifth Third Bancorp’s third quarter results showed growth in demand deposit accounts, embedded payments and limited exposure to NDFIs.
During the conference call with analysts, CEO Tim Spence took note of the recently-announced Comerica deal and said that “the revenue and expense synergies from Comerica should produce a well-diversified, even more profitable company with even better...
Verily has launched a new consumer health app that includes personalized recommendations and a private artificial intelligence companion.
“We created Verily Me to meet the consumer need for a simpler, more personalized healthcare solution,” Vindell Washington, MD, MS, chief clinical officer at Verily, said in a Friday (Oct. 17) press release. “Verily Me identifies care gaps and...
First Internet Bank has integrated Parlay Finance’s artificial intelligence-native Loan Intelligence System to enhance its Small Business Administration lending.
The bank expects to see as much as a 50% increase in efficiencies throughout the lending process as the LIS enables its SBA lending operations team to eliminate manual tasks and gain deeper insights for loan decisioning, the...
Generative AI’s first phase in healthcare focused on pilots and productivity. The next phase, centered on agentic AI, is about measurable returns. According to Google Cloud’s ROI of AI in Healthcare and Life Sciences report, 44% of executives in these industries now have AI agents in production. This signals a clear shift from experimentation to scaled deployment.
“AI agents are...
Telcoin has raised $25 million in an ongoing pre-Series A funding round to support its plans to become a regulated blockchain bank in the United States and to launch a bank-issued stablecoin.
The blockchain-based financial services company said in a Tuesday (Oct. 14) press release that the funding will help it meet the capital requirements for its conditionally approved Nebraska...
Corporate treasuries are entering a new era. In this era, artificial intelligence (AI) is beginning to underpin daily decisions, forecast cash positions, and optimize liquidity. A recent Citi report found that 82% of treasury teams are still in the early stages of experimenting with generative AI. Only 3% have scaled adoption across their operations. Yet the same study predicts that by 2030, AI...
Microsoft believes developers will lead the next wave of enterprise transformation. The tech firm’s recent FYAI blog post outlines how artificial intelligence copilots and agents are redefining the software lifecycle, turning what was once a series of handoffs into a continuous feedback loop.
“AI doesn’t just change how we code. It redefines who gets to lead innovation,” said Amanda...