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A new wave of artificial intelligence applications work by crunching financial data to answer customers' questions. This may give financial institutions a leg up over their nonbank competitors, since the latter group tends to lack vast reserves of people's financial information.
May 13
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"Big data" has been all the rage in the payments industry in recent years. While the hype seems to have subsided a bit, that might be because the most dedicated data-using merchants have put their heads down to focus on sifting through the data to investigate fraud.
May 13 -
U.S. Department of Education Secretary Arne Duncan on Wednesday received a letter from regulators in 11 states expressing concerns about information provided to students affected by the closure of campuses operated by Corinthian Colleges Inc.
May 13 -
U.S. consumers borrowed more in the first quarter to pay for education and automobiles but their overall debt burden remained mostly flat, according to a report from the Federal Reserve Bank of New York.
May 13 -
The financial-technology explosion, or bubble, depending on one's viewpoint, continues.
May 13 -
Nearly 100% of all urban riots in America have occurred where the market economy either failed or didn't exist to begin with. Banks are well positioned to help bring economic opportunity to underserved neighborhoods and make free enterprise work for all.
May 13 -
Online lending platform LendKey said MidCap Financial has committed to purchase up to $1 billion of student consolidation loans originated on the LendKey platform.
May 13 -
A new study on student loans runs counter to the popular belief that rising student loan debt is hurting the ability of young adults to access credit.
May 13 - PH
Shelby's Plan and Political Maneuvering; BNY Activists Profiled
May 13 -
Two mobile phone companies reached a $158 million settlement with federal and state regulators to resolve allegations that they added third-party service charges to consumers telephone bills that were not authorized by consumers.
May 13
