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Inside Wells Fargo’s gen AI council
NASHVILLE, Tenn. — Wells Fargo has created a generative AI council within the organization to study implementation, development and deployment of gen AI. Steve Hagerman, chief information officer of consumer technology at Wells Fargo, said today during Bank Automation Summit 2024 that the bank’s gen AI council consists of five bank leaders: People officer; …
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Arc sees 12X growth after SVB collapse
Nashville, Tenn. — Arc Technologies charted a 12X increase in loan originations year over year in 2023, as it gained customers and deposits when businesses looked to pivot to new banking partners after the collapse of Silicon Valley Bank. One year after the banking crisis, digital bank Arc is on track for “billions in deposits…
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Joe Biden has just dealt a big defeat to big tech | Joseph Stiglitz
US president’s new executive order is an important step towards protecting sensitive personal data Last year, Joe Biden’s administration infuriated lobbyists representing big tech firms and others that profit from our personal data by denouncing a proposal that would have gutted domestic data privacy, online civil rights and liberties, and competition safeguards. Now, the US…
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Joe Biden has just dealt a big defeat to big tech | Joseph Stiglitz
US president’s new executive order is an important step towards protecting sensitive personal data Last year, Joe Biden’s administration infuriated lobbyists representing big tech firms and others that profit from our personal data by denouncing a proposal that would have gutted domestic data privacy, online civil rights and liberties, and competition safeguards. Now, the US…
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Joe Biden has just dealt a big defeat to big tech | Joseph Stiglitz
US president’s new executive order is an important step towards protecting sensitive personal data Last year, Joe Biden’s administration infuriated lobbyists representing big tech firms and others that profit from our personal data by denouncing a proposal that would have gutted domestic data privacy, online civil rights and liberties, and competition safeguards. Now, the US…
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Joe Biden has just dealt a big defeat to big tech | Joseph Stiglitz
US president’s new executive order is an important step towards protecting sensitive personal data Last year, Joe Biden’s administration infuriated lobbyists representing big tech firms and others that profit from our personal data by denouncing a proposal that would have gutted domestic data privacy, online civil rights and liberties, and competition safeguards. Now, the US…
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YC-backed digital bank Onyx Private tells customers it’s closing their accounts
Miami-based Onyx Private, a Y Combinator-backed digital bank that provided banking and investment services for high-earning Millennials and Gen Zers, is terminating its bank operations. In a March 13 email to a customer viewed by TechCrunch, with a subject line that read: “Important Notice: Termination of Bank Operations and Account Closure” Onyx wrote, “We are…
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Joe Biden has just dealt a big defeat to big tech | Joseph Stiglitz
US president’s new executive order is an important step towards protecting sensitive personal data Last year, Joe Biden’s administration infuriated lobbyists representing big tech firms and others that profit from our personal data by denouncing a proposal that would have gutted domestic data privacy, online civil rights and liberties, and competition safeguards. Now, the US…
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Joe Biden has just dealt a big defeat to big tech | Joseph Stiglitz
US president’s new executive order is an important step towards protecting sensitive personal data Last year, Joe Biden’s administration infuriated lobbyists representing big tech firms and others that profit from our personal data by denouncing a proposal that would have gutted domestic data privacy, online civil rights and liberties, and competition safeguards. Now, the US…
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APWHY? Public APIs, Automation, and The Strategy Banks Are Missing
We Were Promised Flying Cars In 2014, Gartner predicted over 75% of the Fortune 1000 would have public APIs by 2017. This number is way higher in 2024! The initial motivation for enterprise APIs was mostly internal benefit: Hardened ‘services’, loosely coupled to each other to enable rapid new development – just like Jeff Bezos…