“The build vs. buy decision point The data overwhelmingly supports strategic partnerships over internal development. Organizations pursuing external partnerships achieve deployment success rates of 67% compared to 33% for internal builds. This advantage extends beyond simple success metrics to include faster time-to-value, lower total cost, and better alignment with operational workflows.” Read more >>
Tag: bmcgee
AI-Native Loan Origination Platform Casca Raises $29 Million to Replace Legacy Lending
“Casca’s flagship customers – Live Oak Bank, the nation’s leading U.S. Small Business Administration SBA 7(a) lender by dollar volume, Huntington National Bank, the nation’s largest originator, by volume of SBA 7(a) loans, and Bankwell Bank, Casca’s first customer – all invested. Bankwell, Y Combinator, and Peterson Ventures, a renowned investor in the vertical SaaS…
This JPMorgan Banking Expert Has a Dire Warning About AI Scams: ‘Nobody Is Immune’
“AI is quickly transforming how scammers operate, as even cautious consumers are falling victim to increasingly sophisticated fraud schemes. Cyber fraud drove record losses of $16.6 billion in 2024, up 33% from 2023, and experts are ringing the alarm bells—anything to get our attention about the pervasive frauds coming through our phones and inboxes.” Read…
Federal Reserve Calls for Banks to Embrace AI and Crypto to Remain Relevant
“Federal Reserve Governor Michelle Bowman has called on the banking industry to embrace artificial intelligence (Al) and cryptocurrency (crypto) technologies, signaling a significant shift in the central bank’s approach to digital assets. Speaking at the Wyoming Blockchain Symposium, Bowman warned that banks risk becoming irrelevant if they resist adopting these technologies.” Read more >>
AI Banking Chatbots: From Frustration to Delight
“Lessons for the Next Generation of Chatbots As chatbots evolve into a new generation of sophisticated, agentic AI applications, banking leaders should consider how consumers interact with and feel about them now. Addressing challenges—such as improving response accuracy, enhancing personalization, and ensuring greater reliability—will likely be important. Banks should also improve the precision and contextual…