CFPB tees up AI-based underwriting and adverse action notices
The Consumer Financial Protection Bureau is putting artificial intelligence-based (AI) underwriting models under the microscope as more lenders and banks rely ...
Tag: machine learning
Listen: What quantum computing may mean for the finance industry
Quantum computing has implications for high-value challenges in finance, according to an industry expert. Quantum computing can be used to ...
Explainable AI: Why transparency is the future for artificial intelligence
Over the past decade, the use of complex algorithms and artificial intelligence (AI) has become increasingly common. In fact, whether ...
Digital banks Alkami, Backbase strengthen data analytics capabilities
Digital banking solutions providers Alkami and Backbase made plays to enhance their data analytics last week, with both deals focused ...
Inside Look: Scotiabank’s cloud-based wealth management tool
Scotiabank has launched a new cloud-based wealth management tool for both advisors and retail customers that leverages artificial intelligence (AI) ...
Listen: BNPL providers face risk from synthetic fraud
The buy now, pay later industry (BNPL) provides an innovation rail for alternative lending processes and real-time fund access, but ...
Automation company Hyperscience raises $100M in latest funding round
Intelligent document and process automation company Hyperscience today announced it raised $100 million in a series E funding round. The ...
ML and automation drive efficiencies in anti-financial crime efforts
While machine learning (ML) and automation are helping to fight financial crimes like fraud and money laundering, there’s still plenty ...
Machine learning is key to solving the financial services data conundrum, AWS exec says
Financial institutions possess petabytes of data that can provide insights to identify new sources of revenue, attract and retain customers, ...
Study: FIs reap ROI with intelligent automation
Upward of 90% of financial services firms are seeing business improvements as a return on investment from their automation efforts. The challenge, however, is finding the workplace talent ...
