News Topic: Machine learning

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

Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan. ... 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

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

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

Changes in consumer behavior patterns will force banks to reassess the information they use to attract customers. ... Read full article

Numerated, vendor of loan prospecting, marketing and underwriting software that was developed within Eastern Bank, now has $32 million. ... Read full article

Enova has used AI in credit decisions for years. Now it’s having AI do the work of document verification, know-your-customer checks and more. ... Read full article

Tina Eide, Amex's senior vice president of global fraud, discusses the card issuer's efforts to strengthen its transaction monitoring. ... Read full article

Sherry Comes, managing director in conversational AI at Deloitte Consulting, says banking in the future will take place through a home, car or phone speaker. ... Read full article

Banks are using Receptiviti’s software to find signs of stress, collusion and questionable sales practices among employees. ... Read full article

Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says. ... Read full article

Capacity, formerly Jane.ai, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line. ... Read full article

The technology can help banks get the most out of the vast amounts of information at their disposal. ... 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 FDIC chief said it is critical to give the industry clarity on using emerging technologies, particularly for the thousands of community banks her agency oversees. ... Read full article