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Amazon Uses Its Machine Learning Tools for Lending

Bank Innovation

The e-commerce giant has (arguably) the most sophisticated ML toolset around that is uses for drone deliveries, online tailors, or its AWS offering. Turns out, Amazon’s lesser known operation – small business lending – is also powered by machine learning, Bank Innovation has learned. […].

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American Express Launches New Credit Score Management Tool

PYMNTS

11), Amex launched Score Goals , an online platform that augments and expands the card company’s established credit score tool, MyCredit Guide. Consumers interested in the new credit score management tool can establish an account at no charge via the MyCredit Guide. On Tuesday (Aug.

Tools 320
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MoneyLion Wants to Help Americans Save With New Investment Tool

Bank Innovation

EXCLUSIVE- PFM app MoneyLion today launched an investment tool called MoneyLion Plus, that aims to help the average American save money. A lot of people don’t,” Tim Hong, MoneyLion chief marketing officer told Bank Innovation. How do you save money? How do you invest?

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Mastercard Adds Another Digital Tool For SMBs

PYMNTS

As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. Fortunately, Cadore quickly pivoted her business to focus on online sales and partnerships with online retailers.

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Startup Finspace Launches Novel Banking Infrastructure Tool

Bank Innovation

EXCLUSIVE – It is not everyday that a new tool for banking at the infrastructure level is introduced, but that is exactly what Finspace has unveiled today. The new tool, a beta of which is being made available today, is called Finspace, and it serves as a pipeline between banks and businesses for the exchange of […].

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Black Swans Are The Sandbox Of New Innovations

PYMNTS

Jim McCarthy, i2c president, says disasters often breed innovation. Telecommuting, online education and moving to a cashless and virtual financial system will likely become the norm,” he told PYMNTS. This most recent black swan is proving that online financial services are a lifeline service.”. But the lesson is to not despair.

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Google Cloud Gets Into Mortgages With AI-Powered Tool

PYMNTS

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. The new tool “provides industry-leading data accuracy” to speed up loan applications. Online sellers are increasingly dependent on cloud technology as digital sales climb, accelerated by the pandemic.

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