b1BANK is getting AI into hands of employees
The $8.2 billion b1BANK wants employees to be comfortable with AI, so it’s getting the tech into their hands. The bank, which serves ...
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Edge Focus: AI delivers most value to underwriting in ABS market
Tech-driven private credit firm Edge Focus is capitalizing on AI and machine learning to enhance investment opportunities in asset-backed securitizations. Edge Focus, ...
Experts: Banks can cut fraud loss reserves by 50% by 2030 with AI
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 ...
Transactions: Metro Bank, b1BANK deploy Covecta AI agents
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 ...
Fed Official to tell Congress AI offers banks better risk detection, cheaper services
A top Federal Reserve official will tell Congress on Thursday that artificial intelligence promises to transform the banking sector — improving ...
Amex makes case for Its AI efforts in wake of stock-drop turmoil
American Express Co. says it’s poised to benefit from the adoption of artificial intelligence in the wake of a report ...
AI boosts lending efficiencies by structuring data, managing assets
Asset-based lenders are unlocking efficiencies by using AI for structuring data and asset lifecycle management. CHG-Meridian, a global leasing specialist that ...
Former U.S. Bank exec joins Wells Fargo’s commercial banking arm
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 appoints Rice as first chief AI officer
HSBC Holdings has appointed David Rice as its first chief AI officer, effective April 1. The new role is intended to centralize leadership ...
Inside Look: Bank of America’s top-down AI training handbook
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 ...
