Amazon also recorded profit profit in 2020 of $21.3 billion. This week, Amazon Prime announced that it had hit it has hit 200 million subscribers. The S&P 500 also notched a record close yesterday, this was the 22nd record of the year for that particular index. The Dow Jones Industrial Average closed above 34,000 for the first time, reflecting strong earnings and upbeat economic data as a result of the pandemic beginning to wane. First, letвЂ™s start with some general technology news. And so pleased to be joined by Loraine Lawson, and Jaspreet Kalra of the Bank Automation News team. Thanks first to our advertisers, MX, Narmi and NVIDIA for their support. This is where we chart the future of banking automation technology is our weekly wrap for whatвЂ™s happening in the world on April 16 2021. IвЂ™m JJ Hornblass and welcome to The Buzz from Bank Automation News. The following is a transcript generated by AI technology that has been lightly edited but still contains errors. At the virtual event, attendees will gain valuable intelligence on new practices, methods, processes, tools, and data for improved risk management planning and performance to drive better results and fewer risk failures. The BAN staff also shared their favorite surprises from the conference, including DEMOvation winner Julius TechnologiesвЂ™ shocking statistic that 90% of machine learning models actually fail to make it into production.ДЇind this and more in todayвЂ™s episode of the Weekly Wrap, featuring Publisher JJ Hornblass and Associate Editors Jaspreet Kalra and Loraine Lawson.Д«ank Automation Risk Summit, on June 15-16, is an all-new event that will explore automation in regulatory compliance and risk management for financial institutions. The main takeaway: Banks remain in the early stages of automation, pursuing the low-hanging fruit of bot automation, rather than evolving a more comprehensive strategic play, as advocated by PNCвЂ™s Enterprise Chief Information Officer Ganesh Krishnan in his fireside chat.ДЇinancial institutions Citi, Synchrony, Stash, OakNorth and Unqork shared how automation is helping achieve efficiency gains, although bots donвЂ™t always meet expectations, noted Matt Carbonara, managing director at Citi Ventures, CitibankвЂ™s venture capital arm. This week, Bank Automation News shared revelations and surprises from the BA Ignite virtual conference, held Tuesday and Wednesday.

Synchrony ignite