BaaS Partnerships Promise Rewards and Risks for Banks in 2024
As banking as a service gained traction in recent years, its risks have also become apparent, and last year regulators tightened rules regarding the integration of licensed banking institutions and the unlicensed digital platforms that consumers use to manage their finances.
Payday Innovators are Embracing Faster Payments
Payroll service providers are now delivering a variety of on-demand payday options and applications, as employers move to meet the needs of their employees, gig workers and freelance contractors.
Fiserv Launches Small Business Index
Spending at small businesses in the US rose 0.6 percent in December compared to November, and by 2.6 percent year over year, according to Fiserv’s new Small Business Index.
Fiserv Launches New Index of Small Business Activity
Fiserv is launching a monthly index of small business activity in the US based on its vast network of comprehensive sales data.
Mastercard Future of Lending Report
Access to money continues to be a concern for consumers, according to a new report on lending from Mastercard.
Evident AI Index of Bank AI Readiness
See a ranking of the top 50 banks worldwide based on AI readiness categories including talent, innovation, leadership and transparency. The November, 2023 edition of the index was created by Evident Insights. Download the full report at www.evidentinsights.com/ai-index
Banks Competing for Top AI Talent Embrace Academia
To attract AI talent, some banks have responded by creating partnerships with universities, and there is some evidence to suggest that it is working.
Open Banking Use Cases, and How Banks Can Benefit
Some open banking use cases and business applications, as well as some of the innovators bringing these features to market.
Deadline to Comment on CFPB’s Open Banking Proposal is Dec. 29
The deadline to submit comments on the Consumer Financial Protection Bureau’s proposed open banking regulations is this Friday, Dec. 29.
Five Generative AI Use Cases in Banking
Exactly how would a bank use generative AI, and where would these gains come from? We’ve gathered of some of our favorite use cases.