SEC chair warns of ‘AI washing’
LAS VEGAS — Securities and Exchange Commission Chair Gary Gensler is warning companies against “AI washing” or making false claims ...
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Bank of America patent portfolio includes 1,100 AI patents
Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues to invest in ...
Signature Bank of Arkansas taps CSI for Spanish-language offerings
Signature Bank of Arkansas has started a bilingual branch network called Banco Si to serve Spanish-speaking customers in-person and online, ...
CFPB director favors ‘the end of screen scraping’
LAS VEGAS — The Consumer Financial Protection Bureau Director Rohit Chopra hopes the financial services industry moves away from screen ...
Core providers can help FIs prepare for open banking
Banks should look to their core providers to ensure they have the API frameworks to be compliant with this week’s ...
Capital One spends $63M on integration of Discover
Capital One invested heavily in integrating Discover Financial Services in the third quarter as it prepares to acquire the company, ...
Gen AI boosts analysis of unstructured data
Generative AI allows banks to analyze unstructured data, which makes up about 80% of all data within financial institutions — ...
Biggest banks develop AI at 2x the speed of smaller institutions
Banks with more than $1 trillion in total assets are developing and deploying AI and generative AI at twice the ...
IBM gen AI business reaches $3B in Q3
IBM’s generative AI business climbed more than $1 billion in the third quarter, reaching $3 billion as clients invest in ...
Transactions: Fiserv teams up with DoorDash for embedded financing
E-commerce giant DoorDash has teamed up with fintech Fiserv for embedded finance services. “This solution enables DoorDash to offer its ...
