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

Abrigo

WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. GenAI is seeing varied use cases in banking.

Examples 222
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5 Benefits of expanding in-house member business lending

Abrigo

With the National Credit Union Administration issuing its final member business lending (MBL) ruling as of January 2017, credit unions are seeing increased flexibility in their lending limits. The investment in internal credit analysis processes also shows dedication by credit union management to staff development.

Lending 150
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Small Business Banking Tests The Digital Identity Waters

PYMNTS

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Yet, as small business financial management company Nav told PYMNTS in the Tracker, KBA still reigns supreme. billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124