Neobank Varo nears profitability
CEO Colin Walsh believes his company is positioned to benefit from consumers that prize the convenience of technology opting for the safety of a “real bank.”
How the Home Loan Banks’ reform proposals fit into Harris’s housing goal
The Federal Home Loans Bank System is under pressure to fund more affordable housing and has several proposals that may work in tandem with Vice President Kamala Harris' goal of building three million new units in her first term.
Controversial registration drive ineffective so far, SBA head says
Though it has yet to result in any new voters being added to the rolls, SBA is seeking to expand a initiative that has drawn the ire of congressional Republicans, who fear the effort is aimed at boosting Democratic voter
Can banks trust large language models?
A prominent AI expert says the risk of hallucination and error can never be completely eliminated. Experts at BBVA and Celent say those risks can be mitigated.