News Topic: Machine learning

Many new artificial intelligence and machine learning methods used for underwriting are not fully equipped to predict defaults. ... Read full article

Banks are so caught up in the newest technology trends that they lose sight of the need to build a talented workforce and a purpose-driven organization. ... Read full article

Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos. ... Read full article

Yes, bots are taking the routine calls from business cardholders, but make no mistake — these are demanding clients from around the world who phone in from loud airports, on bad connections and speak with heavy accents. ... Read full article

The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence. ... Read full article

"To wake up one day and assume everyone in America is going to be above average at math and above average rational is crazy," says Ethan Bloch, whose app is designed to help people achieve financial health. ... Read full article

Werner Loots, the bank’s first head of transformation, is helping the bank redesign how work is done, then streamlining and digitizing as much as possible. ... Read full article

Digital banking will become less visible because it will be embedded in other daily activities with the help of AI, voice interfaces and other emerging technologies. ... Read full article

It can be a painful process for a bank to go digital, but there are ways to ease the transition. ... Read full article

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI. ... Read full article

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI. ... Read full article

Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI and other emerging technologies. ... Read full article

Testing shows an overreliance on machine learning data can unfairly harm credit scores. ... Read full article

Wealthfront could roll out a debit card, automated bill pay and direct deposit in early 2020, Chief Executive Andy Rachleff said. ... Read full article

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction. ... Read full article

New data analytics could help provide more comfort to banks in doing business with the cannabis industry, despite restrictive federal laws. ... 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

It should offer some form of guidance to spur innovation, a former official with the bureau says. ... Read full article