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Tag: AI


Channels, Retail Banking

Bank of America unveils new mobile banking app with loan applications built in

October 29, 2019

Via: Banking Technology

The facelift means customers can submit applications for a credit cards, auto loans and home loans through the app, as well as giving them access to credit card debt reduction insights, which will be available from next year, and them […]


Channels

Trade flows in US fixed income driven by analytics, algos and AI – report

September 18, 2019

Via: Finextra

All of the 2019 Greenwich Leaders in U.S. Fixed Income have continued investing in their electronic offerings with the features and capabilities required to meet those changing needs and attract institutional trading volumes. In Overall U.S. Fixed–Income Market Share, Citi […]


Uncategorized

Personetics brings AI to small business banking

May 15, 2019

Via: Finextra

The Personetics solution is designed to help small businesses proactively manage their day-to-day banking needs, optimize cashflow and ensure they have enough liquidity to support future growth. Integrated into the bank’s online and mobile experience, the solution enables business owners […]


Channels

US challenger bank Newbridge will start spreading the news

January 24, 2019

Via: Banking Technology

Based on Broadway, the start-up will be looking to make a grand entrance and a real show of its ambitions. The bank says it will offer a transaction processing engine integrating businesses and their digital-native customers for banking services. This […]


Capital and Risk, Credit

AI to outperform human credit decisions by 2024 – survey

January 21, 2019

Via: Finextra

Intertrust, a global leader in providing expert administrative services to clients operating and investing in the international business environment, surveyed over 500 capital markets executives to identify the impact that disruptive technology is having on jobs and skills. Of these, […]


Channels

Morgan Stanley says yes to Yext for finance advice

December 12, 2018

Via: Banking Technology

According to digital knowledge management (DKM) platform Yext, this will help the bank’s staff enhance prospecting success. “Artificial intelligence (AI) powered services have transformed the way people search for financial services, making it vital for financial advisors to provide direct […]


Capital and Risk, Credit

AI-based credit scores will soon give one billion people access to banking services

October 9, 2018

Via: Market Watch

You may not think the number of words in an email subject line says anything about you, but at least one company is betting that the metric can help determine your likelihood of paying back a loan. LenddoEFL, based in […]


Capital and Risk, Credit

Lenders bet on AI for credit scoring

August 1, 2018

Via: Finextra

Banks have to struggle with a lot of risks – from issuing credit to operational challenges, technological troubles to good old fashion fraud. In addition to the risks of yesteryear, modern banks face falling long-term rates, growing fintech competition and […]


Uncategorized

BNY Mellon and Deutsche Bank launch co-developed chatbot for traders

June 4, 2018

Via: Banking Technology

The jointly developed chatbot-to-chatbot communication solution replaces manual responses to status updates on customers’ securities trades on the messaging platform Symphony. For references, processes that used to previously take up to three minutes for a single trade will now be […]


Retail Banking

Banks need to swipe their ‘social media’ cards to pay up for Personalization!

November 21, 2017

Via: Finextra

When customers walk into their bank, they normally expect to talk to a personal banker or customer manager to discuss their need or issue. With every customer tending to demand personalized relationship with their banks, scalability issues creep in for […]


Channels

Virtusa and WorkFusion team on AI-powered sanctions screening

September 27, 2017

Via: Finextra

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, and WorkFusion, the leading provider of intelligent automation, today announced the launch of an artificial intelligence (AI)-powered sanction screening solution […]


Channels

Bank of America Brings AI to Account Receivables

August 23, 2017

Via: Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius. The “Intelligent Receivables” solution is designed to […]