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Earnings season. drawing to close, has offered up a detailed look at how artificial intelligence (AI) is reshaping credit underwriting.
In recent weeks, FinTech lenders reported that automated underwriting systems, with AI in the mix, are enabling them to process large numbers of applications and expand loan originations across consumer and small-business credit markets.
Loan...
Facebook Marketplace has added four new Meta AI-powered features for sellers.
These features “make selling more efficient so sellers can list more items with less effort, and shoppers can find more of what they’re looking for with every search,” Facebook said in a Thursday (March 12) announcement.
One new feature makes it easier for sellers to list items by having the AI create a draft...
Artificial intelligence is moving into the financial mechanics of healthcare payments, and the stakes are measured in billions. Hospitals are deploying the technology to maximize reimbursement, while insurers use their own AI systems to audit claims and challenge charges, turning a decades-old conflict over medical billing into an algorithm-driven contest over how care is priced and paid for...
Cryptio raised $45 million in a Series B funding round to continue growing its financial data transformation and enterprise resource planning (ERP) applications for regulated digital assets.
The company’s data platform standardizes and reconciles on-chain and off-chain data from sources such as blockchains, exchanges, custodians and brokerages, while its new Loan Management and...
Amazon Web Services, Nvidia and MassRobotics have named nine startups for the 2026 cohort of the Physical AI Fellowship, highlighting the growing push to develop artificial intelligence systems that operate in real-world environments.
The selected companies are building robotics and AI technologies designed to perform tasks in settings such as farms, factories, retail stores and...
A housing bill passed Thursday (March 12) by the U.S. Senate includes a provision that would ban the Federal Reserve from issuing central bank digital currencies (CBDCs) until at least the end of 2030, CoinDesk reported Thursday.
The 21st Century ROAD to Housing Act places limits on the number of homes that private equity firms and other large investors can own. It also includes an...
AI is delivering measurable financial gains for businesses, with most companies reporting increased revenue and cost savings, according to AI company Nvidia.
New State of AI reports from Nvidia find that 88% of organizations say artificial intelligence has increased their annual revenue, while 87% report cost reductions. The findings suggest that the technology is no longer confined to...
In the long contest between Amazon and Walmart, strategy has rarely been static.
The headlines this week show that while Walmart is investing in supply chain automation, with 23 of its 42 regional distribution centers in the U.S. currently being retrofitted, Amazon is broadening what its search engine can do.
On Wednesday (March 11), the eCommerce juggernaut said it expanded Shop...
As software eats the business world, workflows across B2B are becoming data problems for chief financial officers.
The shift reflects the broader truth about modern business that, as software eats the world, it also eats the workflow.
Things that used to live inside their own department, like sales, operations, procurement, HR, customer support and compliance, are now embedded in...
The Federal Reserve is set to unveil relaxed capital requirements for U.S. banks.
That’s according to a speech Thursday (March 12) by Fed Vice Chair for Supervision Michelle Bowman, who said the new proposals should arrive in the coming week.
“These changes to the capital framework eliminate overlapping requirements, right-size calibrations to match actual risk, and comprehensively...