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 ...

New study from King’s Business School at King's College London and the Federal Reserve Board shows most credit-limit increases are automated, targeting borrowers already in debt. As shoppers across ...

Here is a ‘greedy’ algorithm to maximize overdraft fees for bank transactions Reorder outstanding transactions so that those with larger amount appear first Process the transactions in the order so ...

Here is a ‘greedy’ algorithm to maximize overdraft fees for bank transactions Reorder outstanding transactions so that those with larger amount appear first Process the transactions in the order so ...

BMO has filed a provisional patent on a quantum algorithm for seismic forecasting, and is sending mobile branches to wildfire zones with AI dispatch. The bank says it is the future of risk. Banks are ...

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 ...