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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Personalization of Customer Services. Office of the Comptroller of the Currency (OCC).

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Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

Bank Innovation

Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank. New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders.

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For America’s Unbanked, Mobile And Digital Save The Day

PYMNTS

FDIC) study found that the number of unbanked U.S. Mobile payments capabilities are a prime avenue for this population and others to access hot banking tech, or to just get paid faster. “It This is leading more of our clients to instruct us to ‘turn on’ PayPal and other wallets in their customer experiences because it is relevant.”.

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Varo, with $241M Series D, plans to become a bank this summer 

BankInovation

We have the FDIC approval, and we’re going through the final examination […]. Varo Money is in the “last leg of the race” in getting a banking charter, according to founder and CEO Colin Walsh. The mobile banking startup announced a $241 million Series D today and expects to have a bank charter sometime this summer. “We

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Banking artificial intelligence (AI), the customer experience, enticing millennials, and change management are among subjects tackled in recent episodes. Ahead of the Curve: A Banker’s Podcast Ahead of the Curve: A Banker’s Podcast has insights from banking leaders and advisors across the banking industry.

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How Banks Can Tap Trust As Their Foundation For Innovation

PYMNTS

Square also made the jump into officially becoming a bank this week, with the award of an ILC banking license by the FDIC. All of a sudden, the question of what constitutes a bank is much trickier to answer than it once was, and so PYMNTS decided to ask customers directly. What we learned was interesting. “I

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Top 5 Customer Development Posts of 2019: AI and Additional Data

FICO

Emerging Payment Solutions Will Grow Up. Emerging payment solutions are slowly but steadily displacing legacy payment options like cash and checks…However, the faster these new payments move, the more attention they will attract from criminals.”. . The story is similar for rental payments: of the roughly 80 million U.S.

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