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Citizens Bank is gaining efficiency in multiple processes since deploying AI and plans to build on those gains with multiple projects in its pipeline for 2026. The $217 billion bank has deployed AI for essential functions including software development and aiding customer representatives, with quantifiable results in those areas. “We are able to use generative […]
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Vaidik Trivedi
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Two financial institutions have tapped automated lending service provider Vine Financial within the past month. The $227 million HSLC and the $224 million Triad Bank started working with the fintech to boost commercial lending. According to Bank Automation News’ Transactions Database, which tracks emerging technology selected or acquired by financial institutions, Austin, Texas-based Vine also […]
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Vaidik Trivedi
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Embedded finance and automated lending services are under threat as policy and regulatory changes continue under the Donald Trump administration. After nearly seven months, effects from the changes at the Consumer Financial Protection Bureau (CFPB) surfacing, specifically a pullback on funding and a reevaluation of open banking. “There’s a reduction in the operating expenses for […]
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Vaidik Trivedi
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SameDay Auto Finance is automating more of its origination and servicing processes after switching to a new loan servicing system earlier this month. TheIrving, Texas-based subprime lender signed on with auto lending software provider Nortridge on June 1, Armando Hidalgo, director of servicing, told Auto Finance News, a sister publication to Bank Automation News. SameDay tested the NLS auto loan […]
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Amanda Harris
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Vaidik Trivedi
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EvaBank is partnering with credit-decisioning platform Lokyata to help automate and streamline its loan-decisioning processes and give borrowers more access to credit. Terms of the deal were not disclosed. The bank is aiming to shift from manual processes through automation to process loan decisions more efficiently, which will allow for a larger volume of applications, […]
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Brian Stone
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