Penny Crosman is Executive Editor, Technology at American Banker and its publisher, Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise, Network Magazine and Imaging Magazine.
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Employees are using generative AI more than their bosses think they are, research suggests. Some say part of the answer lies in AI-use policies.
March 20 - "We want to put banks in the risk management driver's seat," says Sima Gandhi, co-founder of the Council for Fintech Ecosystem Standards, which has worked with a group of fintechs to create risk and compliance standards banks can use to evaluate their fintech partners.Sponsored by IntraFi
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Mercury said it simply outgrew the relationship. Evolve said it's kicking high-risk end users out of its program and as a consequence some fintechs are going elsewhere.
March 14 -
The software helps identify and investigate crime, then writes a recommendation.
March 13 -
The latest development in the Synapse saga provides a few new clues but leaves many questions unanswered about missing customer funds.
March 12 -
The Coalition for Financial Ecosystem Standards, a fintech group co-founded by Sima Gandhi, is publishing guidelines for how banks and others can assess them.
March 11 -
H2O.ai, Ethos and Corridor Platforms are among the tech companies that have recently released software designed to help banks keep generative AI in check.
March 6 - Software code generation and knowledge management are two of the places the bank has begun using generative AI to improve efficiency.Sponsored by IntraFi
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The company, whose software tests AI-based lending models for bias and fairness, is receiving $10 million.
February 28 -
The New York bank will integrate ChatGPT Enterprise with its existing large language model framework, Eliza.
February 27