Artificial intelligence and machine learning are forging inroads in the financial services industry as firms recognize the benefits of automating key processes and making better use of existing data. As noted by Business Insider, 56 percent of banks have implemented AI in risk management, and 52 percent use these tools for revenue generation from new
Author: Tour Maline
Ford Motor Co. announced early Thursday that it will dramatically change its strategy in India, shutting down manufacturing operations that have been bleeding the automaker while at the same time investing in software developers, data scientists, research and development engineers and finance professionals. The company will stop making vehicles for sale in India — which include the Figo, Aspire, Freestyle, EcoSport and Endeavour
An organization plans to bike about 375 miles to raise money to help Black-owned businesses and nonprofits. Black Leaders Detroit hosts the seven-day ride from Detroit to Mackinaw City called the BLD: Ride for Equity. The group plans to leave from Detroit at 8 a.m. Sunday. “Black leadership in Detroit still not having the same level of access
Wall Street strategists mostly agree that the worse-than-expected August jobs report wasn’t just a mild setback for the COVID-19 economic recovery, it was a major setback that warrants closer attention by investors. “A major speed bump,” is how Bank of America economists summed up the report in a flash note to clients on Friday. “There
Jim Lane/Getty Images Today, a few major mortgage rates rose. Average rates for 15-year fixed mortgages remained untouched, while rates for 30-year fixed mortgages increased. The average rate of the most common variable-rate mortgage, the 5/1 adjustable-rate mortgage, also increased. Mortgage interest rates are never set in stone, but lately interest rates have been at
Digital accessibility gains in importance as more customers move to online banking COVID-19 speeds industry’s move to digital, unwittingly leaving some consumers behind WOBURN, Mass., Sept. 8, 2021 /PRNewswire/ — Texthelp, a global leader in literacy and accessibility technology, today released a new industry report. Texthelp Logo (PRNewsfoto/Texthelp) The report, Accessibility in Financial Services: The