Fed’s Barr calls for guardrails as financial sector adopts AI
Federal Reserve Governor Michael Barr said there needs to be clear guardrails to prevent risks as the financial sector looks to adopt artificial...
MUFG ties up with OpenAI to accelerate AI use in bank services
Japan’s largest bank announced a tie up with OpenAI to accelerate its use of artificial intelligence, including in a new digital lender that’s...
Pagaya is expanding its auto, POS lending
AI-driven fintech Pagaya is expanding in auto and POS lending following its initial focus on personal lending. “Auto is one of growth...
ING ups software development productivity by 20% with gen AI coding
ING Bank is blending traditional machine learning with generative AI to boost efficiencies as it innovates with customer needs in mind. “We have...
AI streamlines M&A due diligence
M&A activity is on the rise, and AI can get deals to the finish line faster. In the third quarter, 52 U.S. bank...
The keys to house price growth – Bank Underground
Arno Hantzsche and Harriet Jeanes
Houses account for the largest share of total assets held by the UK household sector. Households’ spending and saving...