In crowded field, Square launches checking, savings products for small businesses
Digital payments company Square unveiled on Tuesday a new suite of financial products for small businesses. The rollout of Square...
Lending
Understanding DeFi’s attempt to disaggregate financial services
A recent spurt in investment activity and dizzying yields have brought decentralized finance, or “DeFi,” to mainstream attention. DeFi is...
Zest AI raises $18 million in funding
Underwriting software provider Zest AI has raised $18 million in a funding round led by VyStar Credit Union and the...
Listen: How legal and mathematical notions of fairness affect AI-driven credit underwriting
While legal ideas of fairness in credit have been long established by fair lending laws, adding artificial intelligence (AI) into...
10 ways commercial lenders automate with bots
In pursuit of greater efficiency and cost savings, banks are finding identifying new processes to automate with robot process automation...
FDIC’s new CIO touts competitive advantages offered by AI
As banks, fintechs and financial institutions grapple with how to implement artificial intelligence (AI), the U.S. Federal Deposit Insurance Corporation...
Ant gets go-ahead for consumer lending unit in sign of thaw
China is allowing Jack Ma’s Ant Group Co. to start operations at its consumer finance company, the first sign of...
France deploys AI in 3 billion euro plan to save small businesses
The French government will use algorithms and artificial intelligence to identify small firms at risk of collapse in the wake...
EU moves to ban ‘unacceptable’ uses of AI
As the European Union moves toward banning “unacceptable” uses of artificial intelligence (AI) systems, its proposed rules could slow the...
Watch: Aite Group analyst Leslie Parrish on how banks will improve the lending experience
Leslie Parrish, a senior analyst who specializes in consumer lending for the Aite Group research and advisory firm, takes a...
