Credit Union of Colorado is using Scienaptic AI to make about 60% of consumer loan decisions.
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.
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Despite the shift to digital payments, higher prices are bringing some people back to paper bills to manage their finances.
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Pismo's platforms allow banks and financial technology companies to rapidly launch products for cards and payments, digital banking, digital wallets and marketplaces.
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Early Warning Services' upcoming bank wallet will go live in June with certain merchants, supported by EWS's seven large-banks owners, representing 150 million Visa and Mastercard accounts.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Shares in Swedish investment bank HQ AB plunged 84% Monday after its banking license was revoked by regulators over the weekend, pushing the bank into involuntary liquidation.
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JPMorgan Chase & Co. recently recruited Michael O'Brien, a former BlackRock executive, to head its worldwide institutional sales.
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Wall Street wire houses — or bulge-bracket firms — continued to top the list of sponsors of separately managed accounts in the second quarter, according to research by the Money Management Institute and Dover Financial Research.
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The Consumer Financial Protection Bureau on Wednesday launched a rate spread calculator and validation tool for financial companies reporting Home Mortgage Disclosure Act data starting Jan. 1.
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Any decline in home equity balances could be offset by higher demand for other types of consumer loans. The worry is that only borrowers with blemished credit will take out home equity loans, increasing banks’ risk.
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David Becker is trying to prove to investors that his Indiana bank can succeed over the long term. With the rise of online banking and fintech firms, Becker is a community banker worth watching in the new year.
The deal, first announced in September 2022, would have given Taichung Commercial Bancorp a foothold in several U.S. markets.
Acting Comptroller of the Currency Michael Hsu's suggestion that regulators designate certain midsize regional banks as domestic systemically important banks could boost oversight but may also complicate the regulatory landscape, observers say.
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The pandemic and social unrest made 2020 one of the most challenging years in recent memory, but there is much the industry can learn from the past 12 months.
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Remote learning and work heightens the security risk, says Pulse Secure's Mike Riemer.
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There’s an alarming gap between how small and large banks view the importance of digital engagement, according to a recent survey by Celent and Arizent.
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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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The Federal Deposit Insurance Corp. said Tuesday that bank profits slipped slightly in the second quarter as the Capital One-Discover merger drove provisions higher. Loan growth, deposits and insurance fund reserves showed positive signs despite ongoing credit issues.
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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.
Bank groups, especially those representing the largest institutions, did little in the way of a public campaign against the provisions in the stablecoin bill that could disintermediate traditional banking, but are picking up steam for the upcoming market structure fight.
The 23rd annual ranking of women leaders in the banking industry.
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