Several community banks announced partnerships with AI providers this month as they prioritize compliance, operations and customer relationships.   Despite challenges facing smaller instituions, 86% of community banks are optimistic about AI, according ...

Mortgage lenders are looking to AI to streamline loan servicing as the market grows.  "Servicing, by nature, is a low margin, difficult business to ...

Online lender National Funding is using AI to ease borrower anxiety and meet small-business customers on their own terms.   As economic uncertainty weighs on businesses, the company is ...

The mortgage industry is adopting AI for underwriting, sales, origination and now property analysis.  A labor productivity analysis by the McKinsey Global Institute estimates that AI ...

Financial data aggregator Plaid created LendScore, its AI-driven credit risk tool, to provide an alternative to the slim view lenders get from traditional credit files.   AI-driven LendScore is built on cash flow and behavioral data drawn from more than 1 million financial transactions each day ...

The economics of AI has morphed and large language model providers are racing to expand the computing capacity that powers them.  That dynamic ...

President Donald Trump said he called off the signing of an executive order that would address cybersecurity concerns raised by ...

Full-service residential mortgage lender NewFed Mortgage rolled out Friday Harbor’s pre-underwriting platform.  The platform identifies challenges or missing components in a loan application before it moves to a human underwriter, Friday ...

Anthropic took the lead in business adoption over OpenAI in April.  Adoption of Anthropic reached 34.4% of businesses that month, a 3.8% increase from March, according to the latest Ramp AI Index ...

National Bank of Canada has deployed fintech Sardine's agentic AI solution for financial crime prevention as part of a multiyear ...