Machine learning

Black Knight seeks AI might with HeavyWater deal

06/04/18

Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite.

[more]

Workforce diversity can help banks mitigate AI bias

05/30/18

A broader cross-section of hires and added training could help financial institutions avoid problems with algorithm-based discrimination in lending.

[more]

Yodlee’s data ambitions grow with AI tools and millennial apps

05/17/18

Envestnet's aggregator rolls out PFM features meant to appeal to younger clients — and links to Alexa.

[more]

Google Duplex's gift for gab could be gift for hackers, too

05/16/18

Google's new voice assistant technology may be the best right now at imitating human speech. That makes it a potentially powerful tool for bankers — and for cybercrooks.

[more]

Opportunity or threat? How AI will change banking

05/15/18

Bank executives embrace the idea of artificial intelligence and say it will create jobs, while analysts say it will reduce jobs. Employees are anxious about AI but willing to try to work with it. All agree AI is already making an impact.

[more]

JPMorgan recruits top academic for AI efforts

05/09/18

Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July.

[more]

Bank of America, Harvard form group to promote responsible AI

04/10/18

AI in a car can be fatal. What could go wrong with AI in a bank? A new council established by BofA and Harvard hopes to minimize unintended consequences that could jeopardize consumers' financial well-being or discriminate against them.

[more]

Credit Karma bets big on chatbots as others balk

04/03/18

While the banking industry is divided on the use of conversational technology, the San Francisco company believes chatbots can make it easier for customers to discuss their finances.

[more]

Cash or gift card? (Never mind — our AI already knows)

03/26/18

HSBC is letting artificial intelligence software predict the types of reward offers card customers prefer. It's driving up response rates in marketing tests, but the process raises privacy and other issues.

[more]

‘The AI body snatchers have already taken over’

02/22/18

Artificial intelligence is expected to bring financial services to millions, yet it could also make unethical decisions that unfairly deny credit and widen the divide between haves and have-nots, says Nicolas Economou of the nonprofit Future Society.

[more]