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 ...

US bank JPMorgan Chase has returned to advertising on YouTube only after developing its own algorithm that ensures its ads are not placed around questionable content. The tool was built by the bank’s ...

A program spearheaded by the World Bank that uses algorithmic decision-making to means-test poverty relief money is failing the very people it’s intended to protect, according to a new report by Human ...

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 ...

Research found that four in five credit-limit increases in the U.S. are initiated by banks, rather than requested by customers.

Can computers make better decisions than humans? One tech firm says they already do when it comes to lending money. Wonga.com is a short-term lending Web site that uses an algorithm and thousands of ...

(Bloomberg Markets) -- Are the humans of finance an endangered species? People are still the lubricant that oils the wheels of finance, toiling at innumerable tasks—executing and settling trades, ...

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 ...