Listen: How AI can automate and cut the cost for compliance
Definitions, clarifications and other non-obligation material make up 65% of the information in regulations. That leaves a mere 35% that ...
Tag: artificial intelligence (AI)
Upstart rakes in $194 million in quarterly revenue
AI-powered online lending platform Upstart earned $194 million in quarterly revenue denoting a growth of 60% on a quarterly basis, ...
Kearny Bank invests in AI solution to stay competitive
The $7.3 billion Kearny Bank is expanding its use of artificial intelligence (AI) to include customer data analysis after the ...
Listen: How AI-enabled automation benefits the KYC process
Banks are increasing their use of artificial intelligence-enabled automation, focusing on how to identify and verify customers for onboarding, and ...
Ally Financial grows lending business, Citizens hints at acquisitions down the line
Following its decision to acquire HSBC’s East Coast retail branches, Citizens may be eyeing more acquisition activity down the line. ...
Weekly Wrap: Bank of America’s Erica grows, JPMorgan plays disruptor on digital rails
In this week’s episode of “The Buzz,” Bank Automation News discusses the growing presence of Erica-based capabilities at Bank of America. A ...
Bank of America touts digital sales growth, reports strong growth in profits
Bank of America’s digital strategy appears to be paying off as the bank reported today that its electronic sales activity ...
India AI startup Fractal weighs IPO as pandemic fuels growth
India’s Fractal Analytics Inc., a provider of artificial intelligence and analytics solutions to global companies, is exploring an initial public ...
Quantexa raises $153M in Series D round
U.K.-based data and analytics platform provider Quantexa today announced a $153 million Series D round fundraise. The company’s AI-based contextual ...
Lenders urge federal regulators to clarify AI fair lending, explainability requirements
There is no “one-size-fits-all” approach to making AI-driven decisioning by financial institutions explainable and fair, but lenders want regulators to ...
