The banks warming to AI-based lending
At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong. ... 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
The move follows similar offers from other major brokerages in the last two weeks, as the wealth management industry races to woo clients with the lowest-priced products possible. ... Read full article
It's the latest move by Radius to extend its banking-as-a-service offering to fintech partners. ... Read full article
Adoption of money management instruments offered by banks remains low. One expert explains why. ... Read full article
Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group. ... 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
Its latest feature makes it one of several mobile-only challenger banks in the U.S. that do not charge overdraft fees of any kind. ... Read full article
April Rudin, CEO of the Rudin Group, offers advice on tailoring marketing to younger audiences and women. ... Read full article
The Pittsburgh bank is using software initially developed by a fellow mutual to help build out its platform. ... Read full article
Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles. ... Read full article
The Alabama bank, which is spending hundreds of millions on technology, says the ability to make faster credit decisions is one reason digital metrics such as checking account openings are soaring. ... Read full article
Pierre Habis, president of PurePoint Financial, explains how the digital bank and small network of paperless branches are meeting consumers’ needs. ... Read full article
Huntington, Capital One and Citi are tops with consumers, but overall satisfaction scores have declined as users have been overwhelmed by the constant rollout of new features. ... Read full article
The digital bank has grand ambitions for its new student loan refinancing platform as it looks to finally turn a profit for its parent company, Customers Bancorp. ... Read full article
Bruce Van Saun, CEO, shares details of the new digital channels the bank is building for consumers and small-business customers. ... Read full article
Kashuba, who heads design and innovation at Fifth Third Bank, says looks matter even to the common credit card. ... Read full article
The execs were hired for their focus on loan origination, portfolio management and securitization. ... Read full article
Azlo will offer customers the ability to apply for a Kabbage loan through a new program called Mission Street Capital. ... Read full article
Plinqit, led by a former banker, was developed specifically for community banks as a way to appeal to young customers. ... Read full article
Departments across large institutions remain siloed, which leads to poor customer service. Fintechs are poised to take business from unhappy consumers unless banks address this problem. ... Read full article