#AI ROI estimates tend to leave one thing out
A big mistake to avoid when calculating the ROI of an AI investment is failing to account for costs created when the system gets things wrong.
@alexisrjimenez.bsky.social
@alexisrjimenez.bsky.social#AI ROI estimates tend to leave one thing out
A big mistake to avoid when calculating the ROI of an AI investment is failing to account for costs created when the system gets things wrong.
@alexisrjimenez.bsky.socialVisa offers data to back onchain lending
The card network aims to offer settlement and blockchain data so fintechs and card programs backed by #Stablecoins can better access onchain credit.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialBanks keep #Cannabis at arm’s length over perceived risk: GAO
Financial institutions cite an evolving regulatory landscape among reasons for their uncertainty in serving the space, according to a wide-ranging report.
@alexisrjimenez.bsky.socialAs banks move from #AI that supports decisions to AI that can take action, they need to be ready for the possibility that an agent's actions may produce consequences the bank did not intend.
@alexisrjimenez.bsky.socialFed, Bowman sued over capital-requirements process
The advocacy group Better Markets alleged the central bank’s supervision chief met with bank CEOs to guide public comments in a way that would emphasize support for the proposals.
@alexisrjimenez.bsky.socialThe popularity of #Pride events at LPL Financial's recent Focus conference has prompted financial advisors with the company's Pride Advisor Network to launch a standalone conference next spring.
@alexisrjimenez.bsky.socialRegulators allow more banks to opt for 18-month exam cycle
Regulators said the longer cycle should reduce burden on what they say are relatively stable firms.
@alexisrjimenez.bsky.socialMercury gets FDIC nod
Mercury received conditional approval for deposit insurance Tuesday, but “there’s still work between here and opening Mercury Bank’s virtual doors,” its founder said.
@alexisrjimenez.bsky.socialUS Bank partners with Stellar to test #Stablecoin
U.S. Bank has completed a test of its stablecoin, processing a payment between North America and Europe.
@alexisrjimenez.bsky.socialChime outgrew bank partner model, CEO says
“There’s no question that we haven’t been able to move as fast as we would like” with product launches, Chris Britt said Wednesday.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.social#OpenAI launches financial tool for Wall Street bankers
OpenAI has launched ChatGPT for Financial Services, a GPT-6 powered tool that brings private market data to investment banks.
@alexisrjimenez.bsky.socialHow Navy Federal harnesses #AI to confront scam activity
A top anti-fraud executive at the credit union says thwarting scams requires “totally different” tools than fraud, and AI is providing both new threats and novel solutions.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialBack to buying mode: Two banks acquire #Insurance agencies
Banks' acquisitions of insurance agencies appear to be picking up after a two-year-plus period dominated by sales of insurance subsidiaries.
@cryptonews-poster.bsky.socialOpenAI launches ChatGPT for Financial Services! 🚀 Integrates data from PitchBook & LSEG News to streamline investment research, modeling, and client materials. Trace analyses to original sources & use your own templates for models/presentations. AI-powered finance just got an upgrade! #AI #FinServ
@alexisrjimenez.bsky.socialThe most hidden cost of waiting to deploy behavioral intelligence isn't lost time; it's lost memory. Every uncaptured session is an opportunity you can't get back.
Sharing my latest piece on CUNA Strategic Services below.
@alexisrjimenez.bsky.socialTD Bank Group shakes up leadership to consolidate tech, AI, and commercial strategy
Vlad Shpilsky, Renu Gupta, and Paul Whitehead have been appointed to newly consolidated senior executive roles
@alexisrjimenez.bsky.social