News Topic: IBM

As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers. ... Read full article

Sales of the tried-and-true hardware keep rising despite a global shift to the cloud, and a recent survey found that large companies continue to prefer the performance and security they get from big iron. ... Read full article

The IBM-BNP collaboration and other new developments show that high-profile breaches haven't deterred banks from using the cloud to store data. ... Read full article

Ludwig, a former regulator and CEO of Promontory Financial, and Mahan, the head of Live Oak Bancshares, say they want to back tech startups that support community banks. The ABA and ICBA are among the fund's investors. ... Read full article

The bank is testing the emerging technology with IBM in an effort to speed up risk analysis and derivatives pricing. ... Read full article

Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing. ... Read full article

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

The artificial intelligence engine will handle simple queries directly, feed information to customer service reps for others, and analyze all calls. ... Read full article

KeyBank is deploying new technology designed to improve the online and mobile banking experience as well as guide the conversations branch employees are having with customers. The move comes on top of steps to modernize its IT infrastructure. ... Read full article

The tech company has taken World Wire, its blockchain-based cross-border payments network, live in 72 countries. ... Read full article

CULedger and the computing giant will work to develop blockchain technologies, create new products and improve existing ones. ... Read full article

Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application. ... Read full article

As robotic process automation expands into day-to-day lending operations, IBM is teaming up with UiPath, a startup that specializes in the new technology. ... Read full article

Fintechs are developing data-crunching, automated products that seek to help banks precisely calibrate capital levels. The banks' goal is to pass stress tests while maximizing returns to investors. ... Read full article

Bank and credit union regulators issued a statement giving institutions the go-ahead to try artificial intelligence and other emerging tech to detect money laundering. It's just what some institutions have been waiting for. ... Read full article

Promontory Financial Group CEO Eugene Ludwig says AI tools can remove the risks — and discrimination — involved in opening the U.S. financial system to newcomers. ... Read full article

The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well. ... Read full article

Banks should work to shield some customers who may otherwise be flagged or blocked by AI-powered safeguards, and consider using alternative data to expand services to the underbanked. ... Read full article