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NEW YORK — JPMorgan Chase is deploying AI to help investors research the likeability and growth trajectory of companies.  The $3.5 trillion bank created its AI-driven “social calculator” to track positive, negative and neutral social media comments about companies, Manuela Veloso, head of AI research at JPMorgan Chase, said at the AI for Financial Services…

Things we’re reading today include … Trump Says ‘All’ Bitcoin Mining Should Be In The US (forbes.com) NHS chief calls for controls on cryptocurrency gambling after rise in addiction problems (telegraph.co.uk) This new King Charles £5 note sells for £11,000 at Bank of England auction | This is Money Wells Fargo fires workers over fake……

The Bank of International Settlements (BIS), the guys who create the Basel rules and control much of the way the global banking system works, released a paper the other day about the Finternet: “the financial system for the future”. The idea is that all of the financial world will connect through unified ledgers integrated by……

A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation. Judge Margo Brodie of the US District Court of the Eastern District of New York indicated in a hearing Thursday that she probably…

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…

BNY Mellon’s technology arm Pershing X’s clients are looking to the tech provider for improved wealth management capabilities.   Clients want to upgrade their internal wealth management technology but maintaining the users’ brand is a big part of the conversation, Noam Tasch, head of revenue at BNY Pershing X, told Bank Automation News. “When you…

International payments network Swift is deploying technology to make its payments faster, safer and more efficient.  Swift is investing in technology because as “more and more [payments] become instant or near real-time,” stopping fraud is essential, Johan Bryssinck, program head of AI/ML at Swift, said at the AI for Financial Services 2024 conference on June…

This week’s main blog discussions include … What the Finternet? The Bank of International Settlements (BIS), the guys who create the Basel rules and control much of the way the global banking system works, released a paper the other day about the Finternet: “the financial system for the future”. The idea is that all of……

Things we’re reading today include … Taylor Swift’s London Eras Tour could delay Bank of England rate cut (cnbc.com) UK fintech job vacancies surge as investors flock back to London (cityam.com) Bank of England issues urgent warning to anyone with a mortgage (gbnews.com) HSBC boss knighted despite bank’s controversial links to China (telegraph.co.uk) How do……

I had a chat with a friend the other day about Open Banking and they asked if I’d heard about 1033. 1033? Is that a PIN code for their cash? No. As it turns out, 1033 is the section of the USA’s Consumer Financial Protection Act that will introduce Open Banking to our American friends….…