Does AI care where you went to school? Guarding against bias in AI-powered lending
Multiple studies have shown that women and minorities have historically faced higher interest rates on credit, but can the use...
Lending
Blend to automate escrow, settlement processes with new acquisition
Digital lending platform Blend this week announced its $500 million acquisition of Title365, an escrow and settlement company, giving the...
5 bank processes ripe for automation and AI
Five use cases highlighted at the recent virtual UiPath Summit show how banks and financial institutions apply artificial intelligence (AI)...
First State Bank of the Southeast automates lending and saves $50K
First State Bank of the Southeast estimates savings of $50,000 per year in employee hours from a new automation in...
Weekly Wrap: Takeaways from Banking Automation Summit
This week marked the first-ever Banking Automation Summit, which featured speakers from PNC, Wells Fargo, Truist, Citi and other financial...
Without a ‘blue wave,’ Biden’s fintech policies remain unclear
President-elect Joe Biden is set to take over the White House in January, and the financial services industry is awaiting...
BAS 2020: Regions upgrades consumer lending system with automation
Regions Bank is overhauling its consumer lending system to keep its competitive edge. “We did quite a bit of investment...
With Tillful, Flowcast creates Credit Karma-like platform for SMBs
Flowcast, a San Francisco-based credit-scoring startup, is working with banks to give a fintech advantage to large incumbents while also...
Digitization surges among lenders amid pandemic
The COVID-19 pandemic has accelerated banks’ embrace of new technology when it comes to lending. “The pandemic, it turns out,...
Fintechs target 32M unbanked, underbanked households in US
With more than one-quarter of U.S. households unbanked or underbanked according to data from the FDIC, fintechs have long promised...
