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 ...
Tag: Premium
Intelligent document process market ‘exploding’
When Citizens Bank wanted to import data from the financial statements of its commercial borrowers, it turned to intelligent document ...
Savings and investments tech platform Smart receives backing from Chrysalis
This week, retirement, investments and personal finance technology piqued investor interest, and a Latin American cryptocurrency exchange had the largest ...
Weekly Wrap: Federal Reserve vice chair disses digital currency
This week, Bank Automation News discusses comments made by U.S. Federal Reserve Vice Chair for Supervision Randal Quarles’ to the ...
Mastercard, Bank Policy Institute weigh in on regulating AI use in financial services
Financial institutions that leverage artificial intelligence (AI) and machine learning (ML) are not in favor of new regulations determining how ...
Crypto risk firm Chainalysis benefits from step up in regulation
Chainalysis and other cryptocurrency risk and compliance firms like Elliptic and CipherTrace are benefiting from accelerated cybercurrency enforcement actions by U.S. regulators ...
The Fed’s Quarles points to downsides of digital currency
U.S. Federal Reserve Vice Chair for Supervision Randal K. Quarles made disparaging remarks about a potential U.S. central bank digital ...
Movers and Shakers: Truist gets new investment banking head, Jack Henry hires new sales lead
First Internet Bancorp, Truist Securities and City National Bank were among the financial institutions that announced fresh hires and shuffled ...
Financial literacy platform Kikoff slam dunks with $42M in funding, Steph Curry backing
A personal finance platform backed by basketball star Steph Curry this week announced it has raised $30 million in fresh ...
JPMorgan Chase takes 40% ownership stake in Brazil’s C6 Bank
JPMorgan Chase on Monday announced it is taking a 40% ownership stake in Brazil’s C6 Bank, a Sao Paulo-headquartered digital ...
