News Topic: Predictive analytics

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

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

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

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

The companies have teamed up on a product to help banks, especially small ones, give customers more accurate insights into their own financial health. ... Read full article

Bank of America, MX and Carolina Fintech Hub are training refugees and nontechies to become developers while at the same time showing corporate citizenship. ... Read full article

The bank and card program provider is starting to use AI in many areas, but it's also trying to build paths forward for employees whose jobs will be affected. ... Read full article

A year after buying the artificial intelligence fintech Layer 6, TD Bank is "rewiring how the organization has worked," Gregory Braca says. ... Read full article

Policymakers need to update banking regulations to minimize the risks posed by technology companies entering financial services, a well-known policy analyst says in a new paper. ... Read full article

Banks use anti-money-laundering and fraud systems to try to catch scams that prey on senior citizens. A few, including Wells Fargo, are working on artificial intelligence that could spot them even earlier. ... Read full article

Data scientists from NASA, Google and hundreds of other places are working for financial firms in their spare time. Is this a good idea? ... Read full article

Two groups are asking the agency to restrict collectors to "one live conversation per week" with a borrower and up to three phone attempts per week. ... Read full article

Few firms have been able to blend predictive virtual assistants, geolocation, data analytics and other cutting-edge technology into apps like TD Bank, which has more mobile users in Canada than anyone in finance. ... Read full article

Analytics for retirement readiness. ... Read full article

Reconciling accounts, predicting market turns and their effects on portfolios, and even answering client faxes (yes, faxes) can all be done better with artificial intelligence, the custody bank says. Experts describe it as a cutting-edge program. ... Read full article

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge. ... Read full article

In a move rare for the industry, the bank bought a team of data scientists to bolster its artificial intelligence efforts in areas including product recommendations and fraud prevention. ... Read full article