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It is the customers’ use of AI that will take the sector in some unexpected directions, not the banks’ use of AI to make marginal improvements to existing processes. ....
In June, CFPB issued a report summarizing its research into the use of artificial intelligence AI in consumer finance. The Report focused on the shift away from human support to algorithmic support in the banking and consumer finance industry. ....
Making its foray into AI-based lending space, Infibeam Avenues says it intends to lend money by offering credit algorithms, credit platforms, frameworks and merchant database. ....
Read our Financial Services blog Access the latest financial services news and thought leadership on our blog, where we provide insight into how banks are transforming digitally, using technologies from Microsoft and our solutions from our partners. Guide: What now? A guide for financial services leaders in a disruptive time Learn how to navigate challenges during times of disruption and make transitions to new ways of working. See how other financial services leaders are adapting through a collection of engaging interviews and e-books in this resource hub, What Now? A Guide for Financial Services Leaders in a Disruptive Time. E-Book: Redefining Risk Management in an Era of Disruption ....