Artificial intelligence

The banks warming to AI-based lending


At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong.


Potential Truist delay, Katie Porter, tech giant trust issues: Top stories of the week


BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.


How BNY Mellon is going further on AI


The custody bank has deployed more than 300 bots and is using artificial intelligence throughout the organization.


BofA's 'productive paranoia,' GSEs' next moves, debt collecters' letdown: Top stories of the week


BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.


Bank of America's AI approach: 'Productive paranoia'


A thorough process for approving experiments with artificial intelligence, clear philosophical principles and diverse human involvement are some of the ways BofA says it's working to ensure AI does no harm.


Women in Banking rolls on, new CEO for Wells, GSE reform: Top stories of the week


The ‘Unsinkable Cathy Bessant’; Thasunda Duckett’s rising star takes center stage; the challenges facing Wells Fargo chief Charles Scharf; Fannie, Freddie to retain $45B in capital; and more from this week’s most-read stories.


Can Freddie Mac's embrace of AI pull the industry along?


Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.


The Unsinkable Cathy Bessant: Bank of America's top tech exec takes on AI


She turned around troubled business units, rebounded after a demotion and beat cancer. Now Bank of America’s chief operations and technology officer is taking on her biggest challenge yet: ensuring AI is used responsibly.


Fintech Fundbox raises $176 million to lend to business using AI


The San Francisco startup plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with.


Experimenting with digital currencies; Questioning SOFR


Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.