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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

An example of a use case for predictive AI is Signature Bank of Georgia ’s addition of AI-driven check fraud detection software that finds fraud faster. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence.

Examples 221
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The Russian Connection (To Alt Lending Globally)

PYMNTS

such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Our expertise in FinTech and alternative lending at an international level will also help to reduce credit risks,” added Oleg Jelezko, managing partner at Da Vinci Capital.

Lending 105
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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. Derek Williams and fellow Georgia community bankers at the 2013 ICBA Washington Policy Summit, now the Capital Summit. But the world had other plans.

Community 172
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Commercial Cards Find Opportunity In Transparency, Lower Fees

PYMNTS

There is more than one way to drive commercial card innovation. Below, PYMNTS examines the latest in commercial card innovation, and uncovers ways that the commercial card industry is capitalizing on a slew of opportunities to drive adoption in B2B payments. “We knew we wanted to offer lending products,” he said.

Cards 131
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Marketplace Lender Avant Debuts Auto Refinance Loans

Bank Innovation

The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant. Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today.

Illinois 150
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Last week , Walmart Pay rolled out in Alabama and Georgia. Online lending . Suddenly the surge looks less based on fundamentals than fortuitous timing, which does not in fact lend itself to follow on IPOs from other companies, because the stars may not align like this for them. Slam dunk sizzle. Walmart Pay.

Lending 101
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B2B eCommerce Tips The VC Scales

PYMNTS

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. Now that Fyle has officially launched operations, the company said it would deploy the funding to focus on product innovation and global growth and to invest in sales and marketing efforts. SaaSOptics.

Capital 128