Artificial intelligence

Don’t let AI trigger a fair-lending violation

08/06/19

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

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Regulators must issue AI guidance or FDIC will: McWilliams

08/02/19

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.

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

07/31/19

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.

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OCC's innovation pilot gets little love from banks

07/30/19

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

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Capital One hacked; job cuts and a reorg on tap for Citi

07/30/19

In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

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House revives effort to allow nontraditional data in credit scores

07/25/19

The bill, similar to legislation that passed the chamber last year, would permit the inclusion of items such as rent and telecom payments to help consumers build their credit profiles.

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The brightest fintech minds could be right in your office

07/19/19

New tech-focused programs for employees can help banks evolve from within.

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Fintech’s AI plays matchmaker between banks and new markets

07/18/19

Flybits is building a marketplace to connect banks with third parties that might want to share data across channels.

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Inside Citi's plan to combat business payments fraud with AI

07/15/19

The bank is taking a concept that has worked for years in the credit card world — artificial-intelligence-based fraud detection — and applying it to corporate customers' transactions.

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Is facial recognition safe for financial institutions to use?

07/02/19

The technology has become controversial for its potential for bias. Notre Dame professor Kevin Bowyer explains what his studies of this issue have found.

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