Tech-driven private credit firm Edge Focus is capitalizing on AI and machine learning to enhance investment opportunities in asset-backed securitizations.   Edge Focus, ...

AI can help reduce fraud attempts and save money through better real-time detection, experts say.  “If banks are losing less money, then they can also trim down their ...

Metro Bank and b1BANK are deploying AI agents from European AI platform Covecta to streamline end-to-end lending processes.  Covecta’s agentic AI solution is embedded into existing workflows at ...

A top Federal Reserve official will tell Congress on Thursday that artificial intelligence promises to transform the banking sector — improving ...

American Express Co. says it’s poised to benefit from the adoption of artificial intelligence in the wake of a report ...

Asset-based lenders are unlocking efficiencies by using AI for structuring data and asset lifecycle management.   CHG-Meridian, a global leasing specialist that ...

Prageeth Sandakalum has joined Wells Fargo as executive director of product management, a position that sits at the intersection of product, commercial banking and AI.    Most recently, he ...

HSBC Holdings has appointed David Rice as its first chief AI officer, effective April 1.  The new role is intended to centralize leadership ...

Bank of America is focused on training its leaders to use AI as it deploys tools to make operations more efficient.  The bank appointed Michael Wynn as the head of its academy for ...

ABNB Federal Credit Union is leaning on Eltropy’s AI solutions to drive efficiencies in member service and communication.   The $957 million credit union has adopted the fintech’s AI voice agent that ABNB calls Digi, ...