Weekly Coffee Break: Roundup of Industry News

This is a roundup of industry news and links for the week of April 16th that have informed, entertained, and inspired us.

Here’s our weekly roundup of industry news:

How AI is helping bank customers make sense of their financial lives – With the power of artificial intelligence (AI) and machine learning, banks and other FIs have an opportunity to help consumers manage their budgets and plan for big life events. Find out how the industry’s most innovative companies are using these technologies to build financial solutions and apps to attract and engage today’s evolving consumer.

Changing the score: How alternative lenders rethink FICO ratings – Not long ago, bankers tallied creditworthiness with a fat envelope full of papers they assessed over the course of weeks. Then electronic reports took hold, with the three major credit bureaus (Experian, Equifax and TransUnion) ruling the roost and brandishing that all-important FICO score. To borrow from FICO’s paradigm, its importance to borrowers might as well be ranked a top-tier 850.

Shaw Welcomes Christy Trevino – Shaw Systems is growing again! Shaw welcomes Christy Trevino to the RETAIL & COMMERCIAL Team at our Houston, Texas office.

5 Undeniable Truths of Digital Banking – Complacency is the silent killer of banking organizations, impacting the ability to compete and to respond to the changing needs of consumers. The best defense against complacency is to accept the undeniable truths of digital banking and move forward with a unified commitment to embrace change.

8 AI-POWERED TECH TRENDS TO KEEP AN EYE ON IN 2018 – Groundbreaking. Revolutionary. The next big thing. These are some of the terms used to describe artificial intelligence. However, as government leaders and businesses grapple with the idea of harnessing the power of AI, they often forget one key element — innovation is only as good as its application.

You might have a fantastic concept, but without the proper execution, it remains just that — a concept instead of something you’re able to benefit from.

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