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The man dubbed the world's top quant has a message for Wall Street firms lavishing millions on machine-learning programs: Most of you are doing it wrong.October 10
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A thorough process for approving experiments with artificial intelligence, clear philosophical principles and diverse human involvement are some of the ways BofA says it's working to ensure AI does no harm.October 9
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DBS Group Holdings Ltd. says the artificial intelligence program introduced last year has sped up and improved the quality of initial screening for so-called wealth planners, entry level staff in its consumer banking operation.October 8
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To judge by the recent performance of some AI-driven strategies, it doesn’t look like the robots are going to take over from the humans anytime soon.October 4
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Freddie Mac's test of artificial intelligence to make lending decisions could be a significant turning point in broadening the use of the technology.October 4
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Technological efficiencies will result in the biggest reduction in headcount across the U.S. banking industry in its history, Wells Fargo & Co. said in a report.October 2
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With financial institutions relying more and more on cloud computing services, Washington is increasingly focused on the concentration of industry data in the big three technology giants.October 1
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She turned around troubled business units, rebounded after a demotion and beat cancer. Now Bank of America’s chief operations and technology officer is taking on her biggest challenge yet: ensuring AI is used responsibly.October 1
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The firm uses artificial intelligence to assess the creditworthiness of potential borrowers, collecting data from other software and services used by the business, as well as their bank accounts.September 25
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Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.September 23
