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Financial services companies are still in the early days of utilizing artificial intelligence, meaning they must closely examine any partnership with a third party. This includes demanding evidence to back up any performance claims these outside companies make.
January 29Lotis Blue Consulting -
Google Pay's collaboration with the country's digital transaction network is the latest example of Indian tech informing strategy elsewhere in the world, including the U.S.
January 29 -
With the growing interest in generative AI, it seems inevitable that some banking jobs will change while others will be eliminated entirely.
January 29 -
Fintechs that jump ship to more stable sponsor banks need to prove they have a solid business and take compliance seriously.
January 28 -
Cullen/Frost in Texas, BankUnited in Florida and Bank OZK in Arkansas are among the banks that have, at least for now, allayed investors' fears about their exposure to the CRE sector.
January 26 -
Ten months after the Raleigh, North Carolina, company acquired a large chunk of Silicon Valley Bank, it says it is seeing good progress in keeping and winning back the latter's former customers. But the ongoing slowdown in private equity and venture capital activity will challenge the unit's growth.
January 26 -
The Virginia bank is one of three that have been publicly admonished by regulators this week due to problems related to their banking-as-a-service programs.
January 26 -
The stable outlook is an indication that — at least for some lenders — the much-feared cycle of cardholders defaulting on their obligations in the wake of the COVID-19 pandemic may not turn out to be so bad.
January 26 -
The Center for Responsible Lending calls for states to continue to police high-cost lenders rather than facilitating their growth.
Center for Responsible Lending -
National Bankshares in Virginia agrees to acquire in-state peer, Advia Credit Union in Kalamazoo strikes deal with Illinois bank, EBANX's annual Beyond Borders study launches and more in the weekly banking news roundup.
January 26