“Product expansion and AI push: Chime will roll out a new premium tier (higher APY, rewards), expand into investments and trust/joint/custodial accounts, and is enhancing its AI co-pilot “Jade” to proactively nudge members toward better financial decisions. Consumer product expansion: Britt pointed to last year’s launch of Chime Card and said the company plans to launch a…
Tag: Brandon McGee
With AI’s Help, Fraudsters Are Targeting Smaller Banks
“More than 70% of credit unions and regional and community banks reported an increase in fraud in 2025, according to the Alloy State of Fraud Report, which surveyed institutions of all sizes. That’s a higher percentage than was reported by both big banks and fintechs. It’s also a jump from what smaller institutions reported the previous…
Financial Institutions’ Unexpected Advantage in the Race for AI Leverage
“But a third model of enterprise agentic AI adoption is emerging: one in which the AI learns from real workflows, surfaces useful patterns, and builds agents that codify, and improve, what’s already getting the job done. In the short term, such systems — known as behavioral agent automation platforms, or BAAPs — give employees relevant,…
The paradigm shift: How agentic AI is redefining banking operations – McKinsey
“I was recently having dinner with the COO and the CTO of a large Asian bank, and they shared a really memorable analogy. They said, ‘Look, AI is not the pilot replacing the crew. It is the new engine that makes the aircraft go farther and faster with the same team on board. And the…
How Apple’s Visual Intelligence could change everything
“Visual Intelligence is Apple’s AI-powered feature that lets devices “see” the physical environment and respond to it intelligently. Currently available on iPhone 16 Pro and newer models (and iPhone 15 Pro models via iOS 18.4), it allows users to point their cameras at objects, text or places and get contextual information in return — essentially a reverse image search and…