Financial institutions grapple with obstacles in navigating the technology and route for credit risk assessment and management.
Carl Rutstein, Visa's Global Head of Advisory Services, sheds light on the impact of data and AI on credit risk assessment and discusses the challenges faced by FIs in going down this route.
Goldman Sachs Asset Management is strategizing an expansion of its private credit portfolio, with aspirations to increase it to $300 billion within the next five years.
Leveraging its investment bank to originate deals, Goldman has established a leading position in the private credit market, a sector it entered nearly three decades ago.
More Americans are opting for digital banking, a trend evident among major banks' financial results in Q4 2023, signaling a growing preference for digital solutions.
Bank of America's Jorge Camargo provides insights into the influence of digital adoption on brick-and-mortar branches, strategies to counter digital fraud, and the factors fueling Erica's popularity as a digital banking assistant.
Robinhood is expanding and showing a readiness to explore untapped areas within the industry. The newest step in driving these efforts forward is the rollout of the Robinhood Retirement For Independent Workers plan.
Robinhood's strong Q4 earnings result likely bolstered the investment platform's confidence to further pursue its 'expansion through a diversification' narrative.
Despite the challenges, small businesses are pressing on.
Shruti Patel, the CPO for the Business Banking Segment at U.S. Bank, shares insights on the latest trends in the SMB sector, whether conditions have improved, and ways in which FIs can strengthen their support for SMBs.