As Competition Heats Up for Tech Talent, Banks Are Battling It Out

The battle for tech talent is heating up, and many banks are stepping up their efforts to keep up. Small and midsize banks are experiencing labor shortages because of this conflict: Only 28% of 122 executives at U.S. banks with assets under $100 billion (about $310 per person in the US) said they had aContinue reading “As Competition Heats Up for Tech Talent, Banks Are Battling It Out”

Finovate San Francisco 2022

KuantSol will be participating at Finovate 2022 in San Francisco on May 18th and 19th. The event will begin at 11:35 am on Wednesday, May 18th. KuantSol is engaging in the event to network and gain knowledge on the financial market and exhibit the technology they provide to the audience. The conference will display innovationContinue reading “Finovate San Francisco 2022”

Five Things Financial Market Participants Should Know About Federal LIBOR Law

President Joe Biden signed the Adjustable Interest Rate (LIBOR) Act into law on March 15, 2022, as part of a $1.5 trillion (about $4,600 per person in the US) omnibus spending bill. The LIBOR Act is a key piece of federal law, altering contractual terms for billions of dollars in existing financial transactions around theContinue reading “Five Things Financial Market Participants Should Know About Federal LIBOR Law”

M&T’s CEO Pushes for Further Regulation of Nonbanks

René Jones, CEO of M&T Bank, argues that alternative lenders should be held to the same regulatory standards as traditional banks.  Jones said in his annual letter to shareholders that regulators’ ability to make real change through new regulations and policies is ‘fundamentally limited’ as long as nonbanks function under new set of circumstances.   HisContinue reading “M&T’s CEO Pushes for Further Regulation of Nonbanks”

Six Applications to Assist Small Business Owners in Building Their Online Brands

As last year’s lockdowns forced many small companies to close their doors, many of them migrated online. While this assisted them in gaining more clients and surviving the pandemic, it also brought a new challenge: maintaining a digital presence on Twitter, Facebook, and Instagram. It turns out that there are a plethora of apps targetedContinue reading “Six Applications to Assist Small Business Owners in Building Their Online Brands”

The CFPB’s Warnings About AI Bias Could Frighten Lenders

As director of the Consumer Financial Protection Bureau, Rohit Chopra has used practically every public opportunity to warn corporations about the possible misuse of artificial intelligence in loan decisions. According to Chopra, algorithms can never be “bias-free” and may result in credit decisions that are unfair to individuals. He contends that machine learning can beContinue reading “The CFPB’s Warnings About AI Bias Could Frighten Lenders”

AI Regulation Is on the Way

For most of the last decade, public anxiety about digital technology has centered on the possible misuse of personal data. Some say that limiting it will harm Europe’s and the United States’ economic performance in comparison to less restrictive countries. Others argue that greater regulation has put smaller European enterprises at a significant disadvantage inContinue reading “AI Regulation Is on the Way”

AI Introduces a New Risk Model for Banks

When depending on algorithms that absorb, evaluate, and ultimately provide a verdict on enormous volumes of data in the age of machine learning, it can be difficult to grasp and describe what is going on behind the scenes, and why the result is what it is.  According to Featurespace Product Manager Richard Graham, model explainabilityContinue reading “AI Introduces a New Risk Model for Banks”

Five Advantages of Artificial Intelligence in Compliance

With the rise of international trade, new banking laws emerge. Financial institutions must follow not just their own norms, but also the laws of many countries and trading blocs such as the EU, NAFTA, and ASEAN. Financial services digitalization might give businesses with a thorough awareness of the compliance concerns that arise in the financialContinue reading “Five Advantages of Artificial Intelligence in Compliance”

AI in Financial Asset Management Market Analysis 2021

Kenneth Research has revised its market analysis for Artificial Intelligence (AI) in Financial Asset Management Market for 2021 to 2030 in a recently published report. The report goes on to cover the many strategies that will be or are being implemented by corporate actors throughout the world at various stages of the value chain. InContinue reading “AI in Financial Asset Management Market Analysis 2021”