Artificial intelligence

CRE meets AI in fintech's tool for lenders


Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.


A virtual assistant for lenders' employees


Capacity, formerly, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line.


AI use carries bias risk for financial regulators


Agencies like Fincen and Finra that use machine learning must pay close attention to potential bias in supervisory algorithms, especially with data on women and minorities.


Your data's just sitting there. Machine learning can change that.


The technology can help banks get the most out of the vast amounts of information at their disposal.


6 banking questions for the next Democratic debate


From housing finance to Facebook’s crypto plans, moderators questioning the presidential candidates in Texas next month would have no shortage of financial policy topics from which to pick.


Banks challenged by low rates; Fidelity raises theirs


U.S. financial stocks are down nearly 4% this week on rate pressure, but it’s even worse for European banks; the mutual fund giant will automatically sweep investor cash into a money fund yielding 1.9%.


Don’t let AI trigger a fair-lending violation


Banks need to mitigate potential bias in algorithmic predictive models using artificial intelligence, as regulators are weighing how to oversee the emerging technology.


Regulators must issue AI guidance or FDIC will: McWilliams


The FDIC chief said it is critical to give the industry clarity on using emerging technologies, particularly for the thousands of community banks her agency oversees.


A 2019 bankers' reading list for the dog days of summer


You've made it to August: Ready to hit the beach or just hide somewhere and curl up with a good read? Here are 12 books that address any need: improve your leadership skills, revive unused parts of the brain, stretch your imagination, or laugh from the gut.


OCC's innovation pilot gets little love from banks


Financial institutions welcome regulatory feedback on their fintech offerings, but the industry wants the agency to waive enforcement for approved products.