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The skeptics keep waiting for investment in financial startups to dry up, but it doubled in the first half of 2018. KPMG's Safwan Zaheer explains why.
August 7
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The administration’s recent report on fintech innovation discussed ways to adopt electronic promissory notes — or eNotes — and automated appraisals in federal mortgage programs.
August 6
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Bank of America's top technology officer says finance-industry workers get spooked about their jobs because of how bosses talk about tech.
June 5
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The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software.
May 11
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The move is part of a larger trend to provide enterprise customers with tech capabilities available to retail customers.
May 9
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Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July.
May 9
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More than 1 million jobs will be lost to AI by 2030, according to one estimate. But new jobs are also being created. Are banks and their employees ready?
May 7
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More than 1 million jobs will be lost to AI by 2030, according to one estimate. But new jobs are also being created. Are banks and their employees ready?
May 7 -
A bank that can deliver a loan decision a little faster, or ask a client to input information just once, could get a leg up on the competition. But some executives are skeptical of software sales pitches and fear overpaying.
May 3
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Many banks talk about the need to replace legacy core systems, but relatively few go through with it. The CEO of Mechanics Cooperative Bank in Massachusetts explains the case he made to his board that the promise outweighed the risk.
April 27
