First Horizon, Iberiabank in year's second-biggest bank merger; bank failure in New Jersey is nation's third in a week; smaller banks take a turn swinging the ax; and more from this week's most-read stories. ... Read full article
Banks should stop competing on volume with large techs and start competing on added-value services to win over customers. ... Read full article
Tanushree Luke played a key role in Capital One's use of a conversational artificial intelligence technology known as Eno, and she previously worked for the U.S. government's Defense Advanced Research Projects Agency. ... Read full article
The team has already built three customer-facing AI tools this year, which it hopes to keep building upon. ... Read full article
It should offer some form of guidance to spur innovation, a former official with the bureau says. ... Read full article
It's time to establish a fintech commission. ... Read full article
At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong. ... Read full article
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. ... Read full article
The custody bank has deployed more than 300 bots and is using artificial intelligence throughout the organization. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology. ... Read full article
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. ... Read full article
Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility. ... Read full article
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. ... Read full article
Cathy Bessant, Bank of America's chief operations officer and American Banker's Most Powerful Woman in Banking, has undertaken major initiatives outside her institution, including a focus on responsible AI. ... Read full article
Melissa Koide, co-founder and CEO of FinRegLab, analyzed loan data from six lenders that use cash-flow data in their underwriting. She shares what she found. ... Read full article
The bank has been deploying artificial intelligence in every business line, conducting research to find out what consumers think about the technology, and holding a roundtable with experts to define "responsible" AI. ... Read full article
Credit decisions were a natural place to start with artificial intelligence, but now banks and credit unions are taking the technology to all parts of their businesses. ... Read full article
