Discover's CIO says AI in financial services is still in the ‘early stages' as the industry navigates 2 risks [Fortune]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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Source: Fortune
Strle spent nearly 13 years at JPMorgan Chase and close to six years at Wells Fargo . He's now a little over a year into his tenure as Discover Financial Services' chief information officer. “Essentially, all the transactions or money movement in the entire country will have one of those three companies on either end of that transaction,” he tells Fortune He also likes that the financial sector has a lot of responsibility to ensure that technology works properly. “You've got this area of banking where it's really, really important to people when they swipe the card at the checkout or at the restaurant,” says Strle. “They're counting on you, right?” Discover and others in financial companies are also counting on big benefits from generative artificial intelligence. The technology could add between $200 billion to $340 billion in value annually, mostly due to productivity gains, according to McKinsey Global Institute's estimates. But the sector has been fairly cautious when putting
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News
- Banks that have cut or eliminated overdraft fees [Yahoo! Finance]Yahoo! Finance
- Discover Financial Services (NYSE: DFS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Discover Financial Services Announces Third Quarter 2024 Earnings Release on October 16, 2024, and Conference Call on October 17, 2024Business Wire
- Discover Financial Services CIO On Innovation And FinTech's Future [Forbes]Forbes
- Discover Financial Services (NYSE: DFS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
DFS
Earnings
- 7/17/24 - Beat
DFS
Sec Filings
- 9/13/24 - Form 8-K
- 9/13/24 - Form 425
- 9/6/24 - Form 8-K
- DFS's page on the SEC website