Technology

Experts say banks should start stepping up their encryption now, because hackers can steal it now and decrypt it with quantum computing later.

Artificial intelligence can help cut bias out of credit models. The Consumer Financial Protection Bureau should make it easier for lenders to adopt it.

After the departure of a key Small Business Administration official, lawmakers from both parties are calling on the SBA's chief to delay rules that could open the agency's biggest lending program to more nonbanks — or even consider reversing the changes.

The Los Angeles fintech lender has agreed to refund voluntary payments paid by borrowers in California, Connecticut and the District of Columbia. Voluntary payments for loans have come under scrutiny from consumer advocates and state officials.

During a Tuesday hearing, lawmakers talked through how to properly regulate the wide-ranging uses of AI. Some voiced support for forming a new AI agency.

The bank is focusing on pre-seed companies that specialize in fintech or other forms of technology and have diverse founders.

The New York bank is hoping for 30% to 40% productivity improvements from the use of AI in areas like software development and knowledge extraction.

One of the oldest U.S. banks sees innovation as part of risk management, not a discretionary cost.

The FDIC reviewed more than 20 other offers before selling the failed bank, including one from a San Francisco fintech.

The challenger bank offers the largest advances on the market, but it is still working to become net cash positive and faces stiff competition.