Artificial intelligence (AI) is everywhere these days as more companies look to automate repetitive tasks to save money and reallocate...
More than 24 million mortgage loan documents were exposed online after the vendor OpticsML, who works with banks, had their server...
Artificial intelligence has been a hot term in finance the last few years and now global banks are making it...
In this week’s PeerIQ Industry Update they cover the slowing growth rate of consumer credit which points to consumers being...
Some banks have recently started automatically increasing credit card limits for customers; the credit card companies hope that doing so...
PeerIQ released their Q4 2018 Lending Earnings Insights Report which points to a number of themes showing the economy is strong...
Capital One spent 81 percent more on marketing in Q4 2018 than it did in Q4 2017 and Discover’s marketing...
Banks have started to come to terms with the importance of the cloud and what it means to their business;...
Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. They expect the breach to cost the company $150 million. Two years back, Equifax lost 140 million identities, again from poor security practices. At the time, I said that according to GDPR this should cost them $150 million. They have since settled for about $600 million -- though some of that seems to be in-kind services coverage like free credit monitoring (lol!). Separately, Facebook has settled for a $5 billion fine associated with the Cambridge Analytica privacy "breach".
Automated digital assistants has become must have in financial services as more banks have started to roll out products to...