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The digitally savvy lender MyBucks, which has lent money through a smartphone app and chatbots on WhatsApp and Facebook Messenger, could be a good role model for U.S. banks thinking of using AI in credit decisions.
December 28 -
Holiday loans are up significantly at Blue Federal Credit Union this year thanks to improvements to the CU's mobile and online banking apps that allowed members to apply for -- and fund -- loans in a matter of minutes.
December 21 -
Millennials aren’t the only ones who want convenience — everyone, regardless of age, wants it. Where age comes into play is just how someone defines what ‘convenience' is.
December 19MX -
The House Financial Services Committee passed 13 bills (and scrapped a vote on one) Wednesday, including one that would stop Fannie Mae and Freddie Mac from being released by the government and another hailed as helping the underbanked in rural areas.
December 12 -
Two different credit unions have seen success offering new mobile functionalities that meet specific pain points for members.
December 11 -
For the second week in a row, the CFPB's leadership shakeout dominated readers' attention, while a regional banker discussed efforts to fight hacking and the impact of the tax cuts, and bitcoin's price soared.
December 8 -
Bank of America is launching several upgrades to its mobile app meant to make the product more fun and essential to customers' daily lives. It is also expanding digital-only branches through which customers communicate with staff by video.
December 7 -
With millions of Alexa and Google Home devices now in use, first-mover banks are rapidly developing services to let customers control their finances using only their voice — even if there are still many kinks to work out.
December 4 -
Jiko hopes to convince consumers that their funds will be safe in Treasury bills, while also generating higher returns than they would in traditional bank accounts.
November 30 -
Virtual assistants at banks in Israel, Canada and Hong Kong are getting smarter thanks to artificial intelligence.
November 29