Credit Union of Colorado is using Scienaptic AI to make about 60% of consumer loan decisions.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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Digital apps drive 53% of cross-border transfers in key remittance zones, while one in 10 users move cash across borders in person, according to a Visa survey of 14,000 consumers.
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The company is adopting the fast-growing language recognition technology to improve its billing, checkout and subscriptions offerings.
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Finzly was among the first fintechs to offer banks an API link to the Fed's instant-payments pilot last month, helping the firm hone its capabilities.
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As the struggling economy makes saving for college that much harder, parents working with financial advisers are saving more for higher education than those who do not work with planners, according to a new study by Fidelity Investments.
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The Certified Financial Planner Board of Standards says it hopes to bridge the gap between advisers and people in their 20s, who are generally considered atypical financial planning clients.
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The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.
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The Obama administration had tried to ease restrictions on the Federal Housing Administration's condominium program, but the agency under President Trump is seen as moving more aggressively.
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The House Financial Services Committee, by a vote of 60-0, approved a bill amending key provisions of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
The consulting giant's annual global banking review highlights a stark trend: Over a seven-year period, more than 70% of the net increase in financial assets ended up not on U.S. banks' balance sheets, but instead at insurance and pension funds, sovereign wealth funds, in private capital markets and elsewhere.
A bill from Rep. Andy Barr, chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, would make it harder for regulators to enter into international regulatory agreements like Basel III.
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Banks are good at updating tech for customers but need to do it for staff
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Global collaboration among researchers creates a network effect to share resources and spot threats, says Bugcrowd's Casey Ellis.
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From brokering insurance contracts to financial settlements, smart contracts could bring immense innovation to CBDCs that otherwise would act as little more than an augmented medium of exchange, says Cypherium's Sky Guo.
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The American Fintech Council publicly declared support for California SB 69, which would require "internal expertise" for artificial intelligence regulation.
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Four years after its launch, the Mission Driven Bank Fund has ended its fundraising well short of its original $500 million target. Still, organizers are hopeful that the fund's performance will attract other investors to the sector.
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U.S. Bank's merchant acquiring unit has expanded its partnership with embedded finance fintech Liberis to offer its small business clients working capital loans.The two companies previously offered loans in the U.K., Ireland and Poland.
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Legal experts say President Trump's unprecedented move to fire Cook over alleged past misconduct will likely be hashed out in court, but there is little precedent to determine whether a sitting board governor can be removed for past actions.
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Aron Levine, the Canadian bank's new U.S. president, said BMO intends to invest in technology and spend more on branches. The company's moves, which also include the recent combination of its U.S. businesses, are part of a plan to boost its return on equity.
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A proposed rule published Tuesday in the Federal Register would limit the Consumer Financial Protection Bureau's ability to designate nonbank entities for supervision.
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Washington Trust Bank is executing a slow-but-steady de novo expansion inside the I-5 corridor on the western side of its home state. Its newest branch is slated to open this fall in Tacoma.
New York Attorney General Letitia James alleges that Zelle's parent company, Early Warning Services, failed to adopt basic safeguards to combat fraud. The Consumer Financial Protection Bureau dismissed a similar lawsuit in March without an explanation.
The 23rd annual ranking of women leaders in the banking industry.
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