IBM reports high adoption for AI services among FIs
IBM’s first-quarter earnings underscore the growing demand from financial institutions for AI-driven infrastructure and consulting, as banks look to embed intelligence directly ...
Tag: artificial intelligence (AI)
Valley Bank using AI for collections, sales, fraud detection, underwriting
Valley Bank is rolling out AI tools for customer-facing applications and internal processes such as underwriting, sales and fraud detection. The $64 billion ...
Fintech funding: Slash raises $100M, reaches unicorn status
Fintech funding picked up in the first quarter as financial institutions look to deploy AI. Global fintech funding rose to $12.1 billion, up 3.4% ...
Expanding AI applications a priority for Interactive Brokers
Interactive Brokers is ramping up its use of AI across both internal operations and client-facing tools. “Expanding the use of AI remains a ...
Zero-trust framework is mandatory in era of gen AI
AI is becoming a double-edged sword in the fight against cybercriminals, acting as a threat and a defense. AI is anticipated to be the ...
Transactions: Credit unions select Upstart for AI-driven personal lending
DuPage Credit Union is the latest credit union to tap AI lending marketplace Upstart. The Naperville, Ill.-based credit union, which serves more than 46,000 members, ...
Meridian OneCap reduces ‘expensive mistakes’ with AI
Meridian OneCap Credit is benefiting from AI deployment in areas that require significant policy and procedure considerations. AI integration has enabled the Canadian equipment lender ...
LendingClub to become Happen Bank
LendingClub said it will rebrand its banking business as Happen Bank, signaling a shift toward a more digitally focused strategy ...
Financial services one of largest customer segments for gen AI consulting at IBM
Financial services has emerged as a significant driver for generative AI consulting at IBM. “IBM Consulting partners with global financial institutions to move beyond simple AI experimentation toward full-scale ...
Hatch Bank’s weekly AI check-ins feed innovation strategy
Hatch Bank is taking an inclusive approach to identify effective AI applications and propel its innovation strategy. The digital bank conducts weekly check-ins ...
