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Launch Credit Union claims it reduced fraud by 97% after adopting a real-time solution in 2020.
May 6 -
Inventors at Bank of America kept originating ideas, leading to a record-setting first half of the year, even while continuing to work from home.
August 19 -
Math-based machine learning tools hold substantial promise in advancing the fairness of consumer lending and developing benchmarks for the entire industry.
June 7Zest AI -
The technology excels at spotting money laundering and suspicious transactions, but it still can't be trusted to help bank customers make big decisions, such as what to do with retirement savings.
April 7 -
The London bank is trying out new models that help it assess the creditworthiness of recent college graduates, and layering on software that analyzes the fairness of its credit decisions.
February 25 -
The AskResearch virtual assistant helps the company's employees quickly find specific information buried in proprietary research to facilitate their work with clients. It's a creative solution to data-retrieval problems many banking companies face.
February 16 -
Machine learning and innovations such as voice assistants can give the newly mature e-commerce industry an extra push, says Qualpay's Penny Townsend.
January 25Qualpay -
Federal Reserve Gov. Lael Brainard said regulators are seeking to "understand the potential benefits and risks" from utilizing artificial intelligence in the financial services sector.
January 12 -
American Express has spent years refining a decision-making engine that can tailor products and services to cardholders' needs in real time.
January 6 -
Underpinning the technology with mathematically sound models can make a better case to consumers and regulators for why a loan applicant was denied.
December 23Zest AI