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The evolution of AI & lending: Parallel journeys shaping the future

Abrigo

This article covers these key topics: The evolution of AI Lending: A legacy of data-driven innovation Generative AI in lending: The next frontier Abrigo's approach to AI Parallel journeys of AI, banking technology Artificial intelligence (AI) is often heralded as a revolutionary force in todays world, but its story stretches back decades.

Lending 221
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Mastercard’s Incoming CEO’s Take On The Future Of Payments

PYMNTS

Haythornthwaite has served as chairman since May 2006 and Banga has served as CEO since 2008 — when he took over the helm shortly after the onset of the financial crisis. Mastercard , like most consumer credit connected brands, was hit hard in the early days of the Great Recession.

Payments 274
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Green Dot CEO: 20 Years Of Innovating ‘Banking For The Masses’

PYMNTS

By 2005, the firm was profitable and, by 2006, had sold over 2 million cards. The company mantra, he noted, is to ask the teams what products they would build if the business were brand new, and if the target audience was a group in their 20s. It’s even easy to convince oneself that the iterations one is pursuing are real innovations.

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JCPenney, Sephora To Maintain Partnership For In-Store Experience

PYMNTS

Sephora and JCPenney have collaborated for more than 14 years, and they said that “today’s amendment remains consistent with this shared goal … the companies are committed to continuing to expand and innovate SiJCP’s offerings in order to deliver the beauty experience customers expect in the future.”.

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Coca-Cola Bottle Cap Loyalty Program Fizzles

PYMNTS

Since 2006, loyal fans of the soft drink have been collecting bottle caps with numbers printed inside to collect points for items. After years of faithful Coca-Cola fans saving up bottle caps for the soda company’s loyalty program, there’s a chance it was all for nothing as those points may become worthless within the next few months.

Branding 108
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Why Me-Too Services Can’t Save Apple

PYMNTS

Apple, the company that transformed how consumers listened to music with the iPod, was outplayed by an innovator with a new business model and a cross-platform, cross-device appeal. Amazon Prime Video launched in 2006 and now includes live sports. Co-branded cards, as all payments professionals know, have been around for decades.

Apple 179
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John Donahoe Named To Replace Departing Nike CEO

PYMNTS

Parker has been the CEO of Nike since 2006 when he took over for founder Phil Knight. With Mark’s leadership, Nike’s revenue tripled and Nike became one of the most iconic and innovative brands in the world,” Cook said. He used to be the CEO of eBay and he’s chairman of the board at PayPal.