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

Abrigo

By exploring the evolution of AI alongside its adoption in banking and lending, we can see how todays generative AI capabilities build on decades of innovationand how they fit into the financial industrys ongoing legacy of technological leadership. This launched the age of neural networks starting around 2006 and lasting about a decade.

Lending 221
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Alphabet Market Cap Hits $1T

PYMNTS

tech firm to reach $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone, according to reports on Thursday (Jan. Apple was the first tech giant to see its market cap top $1 trillion. The two men founded Google out of a Menlo Park garage in 2006. per share — a market cap of $964 billion.

Marketing 130
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Mastercard Names New CEO; Banga To Become Executive Chair

PYMNTS

Banga will take over as chairman for Richard Haythornthwaite, who is stepping down after serving in that position since May 2006. “As As the company moves into this next phase of growth, we have a deep leadership bench — with Michael at the helm — to take us to the next level,” said Banga. “He Banga added that aside from the U.S.,

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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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Alphabet Fourth US Tech Firm To Hit $1 Trillion Value

PYMNTS

tech firm to reach $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone, according to reports on Thursday (Jan. Apple was the first tech giant to see its market cap top $1 trillion. The two men founded Google out of a Menlo Park garage in 2006. per share — a market cap of $964 billion.

Google 130
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Pepsi CEO Indra Nooyi To Step Down

PYMNTS

Net revenue climbed from $35 billion in 2006, to $63.5 International markets have proven strong for Pepsi , as slowing U.S. growth has pushed the firm to look for opportunities in foreign markets. With Nooyi’s departure, the rest of PepsiCo’s senior leadership team will remain unchanged, according to the firm.

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Top 5 Risk Analytics Posts: From Rising FICO Scores to Alt-Data

FICO

For the first time since we’ve been tracking these stats, the average national FICO Score reached the 700 threshold — some 10 points above what it was just prior to the recession in October 2006.”. Yes, and psychometric risk analytics could expand credit in markets worldwide. Read the full post.