“So the solution was obvious: build a system that taps open banking to get basic, real-time details about how an individual manages incomings and outgoings in a regular bank account; extrapolate insights from that data using AI; and create a new kind of credit score. This is what Abound took some three years to build…
Tag: ai Banking
‘Work to Do’ on ChatGPT, Banking Tech, Says BofA’s Moynihan
Bank of America Obsessed With AI, Says It’s the “New Electricity”
Artificial Intelligence Opens Up The World Of Financial Services
“Personalize without branches. While banks keep scaling down their in-person branch locations, AI may help keep things personalized. ‘Ironically, artificial intelligence can help redefine and restore personalized experiences that build trust for consumers and small business owners,’ says Charlene Coleman, senior managing partner and head of the modern finance sector of Launch Consulting Group. ‘An…