Artificial intelligence

BofA’s Bessant on responsible AI, cyber attacks and data encryption

04/23/19

Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyber attacks and data encryption.

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Banks seek looser hiring rules; PayPal eyes Venmo for credit card

04/22/19

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near.

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Former top New York regulator joins New York’s FinTech Innovation Lab

04/11/19

New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators.

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Real-time data was Kabbage's secret sauce, its first investor says

04/10/19

The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.

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Online lender Upstart eyes expansion after latest funding round

04/08/19

The San Francisco fintech, which uses artificial intelligence to make consumer credit decisions, has raised an additional $50 million. It also announced new partnerships with lenders and plans for a credit card.

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Can AI help banks handle Venezuelan sanctions?

04/08/19

Many U.S. banks, especially in Florida, are struggling to comply with U.S. sanctions against the Maduro regime. Some argue artificial intelligence can make it easier to distinguish between legitimate payments and illicit transactions.

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Banking on conversational AI

04/08/19

Five ways AI can drive growth

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Moynihan's call for unity, CFPB payday revamp, Morgan Stanley's AI strategy: Top stories of the week

04/05/19

'There is no division in our industry': BofA's Moynihan says; why CFPB's payday revamp is an even bigger deal than you think; Morgan Stanley's new data strategy for higher quality AI; and more from this week's most-read stories.

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Morgan Stanley focuses on data quality to strengthen AI

04/01/19

The bank is one of many to realize that artificial intelligence is only as good as the data fed into it.

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Lenders without border walls

03/31/19

Some fintechs have figured out how to provide international students and immigrants with credit cards and loans. Machine learning makes the underwriting possible.

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