Algorithms are extremely clever at accurately processing huge quantities of information. But a recent problem with a bank loan is a disturbing look behind the curtain. Last week I applied for a ...

The old way of getting a business loan is dead. In the past, a business owner could walk into a community bank. You could hand over a business plan and talk to a manager who knew your town. I served ...

As AI takes over institutional lending, firms like Growth Funding Group are finding massive success by doing what banks no longer will: listening to the borrower. By Growth Funding Group By 2026, the ...

An automated cash transfer program in Jordan developed with significant financing from the World Bank is undermined by errors, discriminatory policies, and stereotypes about poverty. Many people in ...

NEW YORK--(BUSINESS WIRE)--Deutsche Bank’s Autobahn® Equity business today announced the launch of Stealth ®, the next generation of its liquidity seeking algorithm. Stealth uses advanced high ...

Banks have access to vast new troves of data, such as social media feeds, that they have to learn how to use in their marketing and sales efforts or risk losing share to other institutions that are ...

Real-time gross settlement systems (such as Fedwire, run by the Federal Reserve), post accounting entries for each payment on the central banks’ books — where each payment sent or received impacts the ...

The New York banking regulator is investigating if Deutsche Bank and Barclays used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the ...