BECU automation surpasses 60%
LAS VEGAS — BECU automates more than half of its underwriting operations as it balances AI with manual processes. The Tukwila, Wash.-based...
Lending
Car-leasing platform Rodo teams up with Google Bard
LAS VEGAS — Online car-leasing platform Rodo is looking to Google’s Bard for an AI-powered vehicle product. Rather than focusing...
Auto lenders talk AI-driven decisioning
LAS VEGAS — Financial institutions have used AI in varying capacities for decades, but recent enhancements to the technology have...
Fintech funding: Citi Ventures pivots investment strategy
Citi Ventures, a venture capital arm of $1.7 trillion Citigroup, is changing its investment strategy amid turbulent macroeconomic conditions. ...
Lenders using AI-based underwriting must comply to CFPB guidance
The Consumer Financial Protection Bureau has doubled down on adverse action requirements for lenders using AI-based underwriting with new guidance, marking a...
TD Bank explores AI for cross-selling
TD Bank’s commercial banking arm is looking to AI to understand and predict customer needs to sell targeted products, Chris...
Union Credit brings an online marketplace to credit unions
Credit unions are looking to digital lending marketplace Union Credit to grow their membership, gain national exposure and break into...
Global Startup Cities Podcast: Lending, AI and alternative data
When considering credit underwriting for small- and medium-sized businesses, satellite heat mapping and detailed traffic patterns may not be the...
Promise and peril: Fairness in AI-based lending
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and...
UiPath tapping AI to process unstructured loan data
Financial institutions including JPMorgan Chase, Truist Bank and Wells Fargo are using AI models to expedite administrative processes and organize...
