Technology
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.
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The bank's new Long Game app rewards users for saving and dangles the chance to win cash prizes.
May 17 -
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.
May 16
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Brent Grable will take on managing IT and operations at the Massachusetts bank. He formerly worked at Santander and State Street.
May 16 -
Bank of America and JPMorgan Chase are particularly active as they build educational microsites and drive digital lending with EV manufacturers.
May 15 -
The FDIC reviewed more than 20 other offers before selling the failed bank, including one from a San Francisco fintech.
May 12 -
The fintech already has a number of large bank partnerships, including Morgan Stanley at Work and Wells Fargo.
May 12 -
Michigan State University Federal Credit Union is partnering with Debbie, a Miami-based fintech that helps consumers break free of delinquency and correct bad spending habits, to strengthen its financial education tools and build its deposit base.
May 11 -
Charlie, a digital banking service, will advance users their Social Security benefits and will try to act like a "smart, kind and trusted nephew."
May 10 -
Antiquated rules separating banking and commerce are preventing an infusion of capital that would revitalize the banking market.
May 10
