b1BANK bullish on AI for loan application reviews
B1BANK is using AI to review every consumer loan file. “If we had chosen to do that by hiring additional employees, ...
Tag: artificial intelligence (AI)
Lenders don’t agree on AI use for credit decisioning
Lenders disagree about how far AI can go in automating credit decisions versus only the processes leading up to the ...
36% to 98% accuracy: Fifth Third’s ‘stark’ lesson in AI testing
LAS VEGAS — Although AI is a shiny object that’s hard to resist and tempting to deploy quickly, lenders must ...
JPMorgan tops global AI banking index with jobs seen to grow
JPMorgan Chase & Co. held its spot as the world’s most advanced bank in artificial intelligence, widening its lead over ...
Truist boosts auto-loan approvals by 20 percentage points using AI
Truist is leaning into AI-powered underwriting to increase approval rates and enhance customer experiences. The $556 billion bank has boosted ...
Ripple’s agentic treasury tool can reduce reporting cycle times by 90%
Financial services and DeFi company Ripple, says its agentic AI tool for corporate treasury teams can cut forecasting and reporting ...
Bank of America aims to build ‘high-tech, high-touch’ business
Bank of America is pursuing a dual-track strategy in wealth management and investment services, deploying AI to accelerate adviser productivity ...
Insurance providers dive into GPU financing game
Insurance companies are playing an increasing role in GPU financing — deploying their own capital in some cases — while ...
Bank of America uses ‘Orchestra’ tool to decide if task needs open-source or closed-source model
Bank of America is taking a pragmatic approach to AI by routing tasks to specific models based on a task’s ...
Why Flagstar’s AI agents don’t have access to internet
Flagstar Bank has built deliberate isolation into its AI infrastructure. While most companies race to connect their AI systems to ...
