Customer Experience and Cost Cutting are Top Priorities for Banks
A new survey of 100 bank executives by Finextra and Virtusa found that digital customer experience was their top priority and cost cutting was ...
H2O.ai Raises Series D Round from Goldman Sachs and Ping An
Artificial intelligence startup H2O.ai has raised a $72.5mn series D round led by Goldman Sachs and the Ping An Global Voyager Fund; the company ...
FDIC Chair Says Regulatory Guidance on AI is Needed
Federal Deposit Insurance Corp. Chairman Jelena McWilliams said Regulatory bodies need to offer guidance for banks to use AI and if they cannot agree ...
Citizens Bank Commits $50mn to Digital Transformation
Citizens Bank is planning to invest $50mn over the next few years to help the bank innovate digitally and migrate to the cloud; Citizens ...
Announcements & Releases for July 24, 2019
Senate Banking Committee to Hold Hearing on Crypto Regulation Innovation is more than amassing customers ...
Startup Auto Lender Lendbuzz Raises $150 Million
Startup auto lender Lendbuzz is trying to disrupt the existing car financing market by using artificial intelligence to underwrite auto loans to thin file consumers; ...
How AI is Shaking Up Financial Services
Today there are several areas of financial services where AI is making inroads: underwriting credit, equity trading, risk management and robotic process automation just to ...
LoanSnap Closes in on Goal to Close a Mortgage in a Week
Digital mortgage startup LoanSnap has a goal of getting a mortgage to close in a week by the end of the year; the company ...
Morgan Stanley Plans to Rollout AI Chatbot to Clients in 2020
Morgan Stanley’s AI chatbot AskResearch was originally designed to help employees but the bank now has plans to rollout the feature for clients in ...
Manulife Challenger uses AI at the Core of the Offering
Canadian based insurance company Manulife launched a digital bank earlier this month and at the heart of that offering is their AI chatbot; Mai ...