ABA Community Banking

AUGUST 14, 2019

Former Comptroller of the Currency Eugene Ludwig talks about the current state of artificial intelligence in banking and the outlook for community banks and compliance professionals. The post Podcast: AI, Community Banks and the Compliance Jobs of the Future appeared first on ABA Banking Journal.

Community Bank 70

Community Bank Compliance Community Big Data 70

CFPB Monitor

FEBRUARY 13, 2017

The FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Big data report. Interagency fair lending task force. The FTC has authority to enforce the ECOA and Reg B as to nonbank providers within its jurisdiction.

Report 68

Report Big Data Lending Survey 68

PYMNTS

AUGUST 25, 2017

Microsoft will be lending its Azure Cloud technology to the companies so they can enhance their cloud, IoT, Big Data and analytics capabilities. The companies are Clonect, Ace Turtle, Udaan, Simplilearn, MintM, Hotelogix, Docswallet, MegDap, GIEOM, i-exceed, KrypC, Liv.ai, VideoKen and Kata.AI.

Compliance 100

Compliance Big Data Capital Analytics 100

PYMNTS

MAY 31, 2019

Accounts payable, cloud migration, Big Data and even legal management for startups raising new funding were all targeted among investors. based SeedLegals is in the startup funding business, but it’s not exactly an alternative lending FinTech. SeedLegals.

Capital 143

Capital Analytics Big Data Data 143

Banking Exchange

NOVEMBER 14, 2019

A timely commentary in light of this week’s news about Apple and Goldman Sachs Management Feature Financial Trends Duties Financial Research Big Data The Economy Technology Tech Management Fair Lending Customers Feature3 Compliance.

Big Data 60

Big Data Apple Compliance Lending 60

BankUnderground

JUNE 25, 2020

But potential fragmentation of the global data supply chain now poses a novel risk to financial services. In this blog post, we first discuss the importance of data flows for financial services, and then potential risks from blockages to these flows. Big Data and financial services.

Data 131

Data Big Data Regulation Risk Management 131

CFPB Monitor

FEBRUARY 18, 2015

The FTC recently sent a letter to the CFPB reporting on the FTC’s 2014 activities related to compliance with the Equal Credit Opportunity Act and Regulation B. Fair Lending ECOA FTC' The letter only includes information about some of the FTC’s research and policy development efforts and educational initiatives.

Report 60

Report Big Data Policies Lending 60

Abrigo

JULY 14, 2023

Identify any interrelated goals or issues, then determine the data analytics that will provide the insights. For example, your top goal for next year might be to expand your lending geographic footprint. Be very specific regarding this goal, including the targets for particular percentage growth, loan types, industries, and locations.

Strategy 195

Strategy Data Analytics Analysis 195

CFPB Monitor

FEBRUARY 24, 2020

FTC has sent its annual letter to the CFPB reporting on the FTC’s activities related to compliance with the Equal Credit Opportunity Act and Regulation B. The FTC continues to be a member of the Interagency Task Force on Fair Lending along with the CFPB, DOJ, HUD, and the federal banking agencies.

Report 78

Report Policies Big Data Regulation 78

Gonzobanker

JULY 28, 2014

Lending execs across the country were clearly dissatisfied with how manual processes and lackluster technology were used to stumble through those massive re-fi volumes. There is a new world of mobile delivery, e-documents and big data analytics, and banks want to catch up with the times in applying these technologies to the mortgage business.

System 102

System Lending Data US 102

ABA Community Banking

AUGUST 14, 2019

Former Comptroller of the Currency Eugene Ludwig talks about the current state of artificial intelligence in banking and the outlook for community banks and compliance professionals. The post Podcast: AI, Community Banks and the Compliance Jobs of the Future appeared first on ABA Banking Journal.

Community Bank 40

Community Bank Compliance Community Big Data 40

Independent Banker

OCTOBER 31, 2018

Themes for the ThinkTech Accelerator include next-generation lending, AI and machine learning, blockchain, payments, advanced analytics and big data, regulatory compliance tools, cybersecurity, authentication and streamlining the customer experience. Exciting, right?

Fintech 70

Fintech Community Bank Community Nashville 70

PYMNTS

SEPTEMBER 12, 2017

Compliance and data integration are valuable services for those firms, he said. The next steps in banking innovation, said Laven, are likely to be related to Big Data and APIs, and will help make the leap from the financial environment of 25 years ago “when the only thing that you could do was start a bank.”.

Regulation 101

Regulation Data Innovation Payments 101

FICO

APRIL 21, 2023

My priorities in testing the potential of UltraFICO Score with DDA attributes were speed to market, simplicity and leveraging an existing scorecard already built on the data – and it didn’t hurt that FICO was the organization that developed and branded it from a marketing, approval and compliance standpoint.

Data 52

Data Lending Trends Branding 52

Independent Banker

DECEMBER 29, 2015

ICBA warns of risks of online marketplace lending models. Online marketplace lenders are a new form of nonbank specialty lending that uses technology platforms to allow Wall Street and individual investors to directly fund loans to consumers and small businesses. Lend exclusively over online peer-to-peer platforms.

San Francisco 70

San Francisco Lending New York City Online 70

Gonzobanker

OCTOBER 30, 2014

Broadly defined, it is the use of big data and analytical tools to predict how employees will perform in certain jobs and, from the other side, for which jobs they may be best suited. The same system needs and issues we hear from lending and retail are also being heard from HR. People analytics is the new frontier.

Resources 96

Resources Training Tools Analytics 96

FICO

JUNE 19, 2019

Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance.

Video 40

Video Case Study New York Analytics 40

FICO

JUNE 4, 2019

Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance. Mortgage Lending. Regulatory Compliance. AI & Machine Learning. Auto Finance. Scoring Strategies.

Analytics 40

Analytics New York Conference Case Study 40

FICO

MAY 28, 2019

Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance. Mortgage Lending. Regulatory Compliance. AI & Machine Learning. Auto Finance. Scoring Strategies.

Analytics 40

Analytics New York Conference Case Study 40

FICO

JUNE 19, 2019

Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance.

Video 40

Video Case Study New York Analytics 40

Gonzobanker

MARCH 6, 2020

These systems are key components of performance optimization, which relies on technology to address operational inefficiencies or data integrity challenges by automating current manual processes or leveraging under- or non-utilized system capabilities. Technology: The ‘Must Have’ List Is Growing.

Operations 84

Operations System Groups Technology 84

PYMNTS

JULY 11, 2017

More than two-thirds told researchers that compliance and regulatory requirements are holding them back from providing more trade finance in the short term, while cost control pressures were identified as the top challenge for FIs’ (financial institutions) trade finance operations. “The

Analytics 109

Analytics Risk Management Fintech Data 109

Gonzobanker

AUGUST 17, 2016

For banking, top business drivers have included customer engagement and innovation, but also just plain old know-your-customer regulatory and compliance expectations. Reduce the cost of compliance by presenting regulatory information in an enterprise-wide dashboard. Got Big Data Under the Hood? But, let’s face it.

Leadership 60

Leadership Tools Big Data Risk Management 60

Bank Innovation

JANUARY 23, 2019

Operant Founder and CEO Allan Fisch said at a meetup yesterday at Bank Innovation’s headquarters in New York that a consortium would allow the FIs to contribute anonymized data on the performance of their third-party […]. Toronto-based fintech Operant.AI

Operations 170

Operations New York Fintech Data 170

Bank Innovation

JANUARY 31, 2017

More data openness plus more consumer trust equals more business—this appears to be the conclusion multiple companies are reaching, particularly fintechs Envestnet Yodlee and Varo Money.

Data 150

Data Fintech Technology Company 150

William Mills

DECEMBER 12, 2017

For banks, small business and commercial lending can be bogged down by tedious application processes, sluggish response times and frequent delays. Established just last year, AI Foundry created a lending system focused on transforming the customer experience using robotic process automation. www.miradortech.com. www.rcgiltner.com.

Conference 40

Conference Innovation Customer Experience Lending 40

Gonzobanker

JULY 16, 2018

Yet, the intricacies of commercial lending, income property collateral, underwriting, local title recordings, payment ecosystems and regulatory compliance have proven much harder to disrupt than purchasing a book or downloading a song. Mobile and big data will accelerate the disaggregation of banking.

Analytics 62

Analytics Industry Management Software 62

FICO

FEBRUARY 1, 2017

FICO believes there is already enough rich lending data available to scrutinize application fraud to avoid this approach. In fact, one lender felt that half of their fraud was dealer fraud, and that data matching or analytics would be useful to spot collusion. Luckily, FICO has some experience in solving ‘big data’ problems.

Fraud 40

Fraud Analytics social media Data 40

Gonzobanker

OCTOBER 21, 2015

Robert told the banking industry to embrace compliance as “the hard thing to figure out” that investors look for in startups. During a Fintech Forward panel, Zenbanx CEO Arkadi Kuhlmann talked about how to lend money to data because we don’t see the people anymore. We stayed with the banking.

Las Vegas 60

Las Vegas Retail Branch Design Phoenix 60

Fintech Labs Insights

OCTOBER 27, 2016

DemystData will use the funds to build its team and expand data partnerships in order to meet increased demand in the U.S. The company leverages big data pulled from in-house and online sources to help banks make informed decisions, improve the user experience, and decrease risk.

Big Data 12

Big Data User Experience New York Data 12

Fintech Labs Insights

SEPTEMBER 10, 2015

The total included mega-rounds of $30+ million to three lending plays: FundBox ($50 mil), CommonBond ($35 mil), Orchard Platform ($30 million) and one financial-institution-supported blockchain startup: Chain ($35 mil). Powering marketplace lending. Tags: Human resources, regulation, enterprise, bank management, compliance.

San Francisco 12

San Francisco New York City Company Fintech 12

Payments Source

MAY 1, 2017

The beneficial ownership regulation, meant to catch financial criminals, has produced data that is useful in making small-business loans, LexisNexis Risk Solutions says.

Regulation 60

Regulation Data Big Data Compliance 60

Fintech Labs Insights

DECEMBER 14, 2015

BankersLab received an undisclosed investment towards its commercial lending training & compliance tools. Real estate lending marketplace. Market data communications platform. Tags: Insurance, analytics, big data, underwriting, Startupbootcamp (accelerator). Rippleshot was given another $1.2 GroundFloor.

San Francisco 12

San Francisco Company Fintech New York City 12

Fintech Labs Insights

JUNE 25, 2015

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Payments risk & compliance management. Data analytics with financial services focus. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation. Digital Contact.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

Fintech Labs Insights

SEPTEMBER 1, 2016

Lending marketplace for small businesses. Big data analytics for financial institutions. Tags: Institutions, lenders, mortgage, lending, customer service, mobile, account opening. Total raised: $44.7 HQ: New York City. Source: FT Partners. Funding Societies. Latest round: $7.5 million Series A. Total raised: $7.5

New York City 18

New York City Company Fintech Comparison 18

Fintech Labs Insights

JANUARY 11, 2017

Feedzai ( FEU14 ) uses AI combined with machine learning to analyze sets of big data created during a user’s online sessions to mitigate fraud associated with online account opening, payments, and ecommerce. Regulatory compliance. Because it removes human biases and error, AI has great potential in regulatory compliance.

Fintech 12

Fintech Compliance Examples San Francisco 12

Fintech Labs Insights

NOVEMBER 18, 2015

BankersLab’s Benchmarking is an addictive simulation game for fintech investors, regulators, and bank executives to predict which managers and lending institutions will make good decisions. InvestGlass’ engagement tool uses customizable artificial intelligence to enable easy compliance for financial professionals.

Company 12

Company Comparison Customer Experience Management 12