News & Insights
Unified feed: Brian's Banking Blog + editorial posts.
BanksFed’s Barr Cites AI’s Potential for Lending Bias
In remarks, the Fed’s top regulator Michael Barr warns of AI’s potential for increased lending bias via digital redlining.
7/22/2023Read →
Brian's BlogWhat is the key to banking? Trust.
But there's a challenge - transparency. Opaque verification processes, unclear credit limits, and confusing currency exchanges... all diminish trust. Winners will be the transparent ones.
bankingbankscommunity trust bank7/19/2023Read →
Brian's BlogEver marveled at the speed of innovation in banking today? It's like nothing we've seen before.
Fintech or traditional banks - they're all in the race. The prize? Superior customer service. The payments industry is especially fascinating.
bankingbanksfintech7/18/2023Read →
Brian's BlogHow often do you step into the unknown?
I did back in 2008 when I was tasked to start a bank at the height of the financial crisis. On a regular Friday morning, my boss said, "We're starting a bank." Unbelievable, isn't it?
bankingbanksfinancial crisis7/17/2023Read →
BanksCFPB Enforcement Action to Cost BofA More than $250 Million
CFPB orders Bank of America to pay more than $250 million for illicit business practices that harmed customers.
7/15/2023Read →
Brian's BlogEver thought about how predictive analytics can revolutionize the banking industry?
At Visbanking, we're shifting the focus from the historical past to the future, leveraging advanced machine learning models. Our work in progress, a bank failure model, already predicted a major bank failure this year. We aim to refine it further to anticipate critical metrics like loan growth, deposit trends and many other critical factors affecting banks.
bankingbanksmachine learning7/14/2023Read →
Brian's Blog"Your word is your bond"
'- My grandfather's advice has shaped my work ethic and my life. In other words, "Whatever comes out of your mouth, you make it happen. "This Italian saying instilled in me the belief that your "say-do ratio" should be 100%.
bankingbanksteam work7/13/2023Read →
Brian's BlogHave you ever experienced a cross-currency loan crisis firsthand?
My trip to Hungary in 2009 landed me right into one! The Hungarian Forint took a 47% plunge against the Euro and Swiss Franc in the middle of 2008. Borrowers with income in Forint were struggling to repay loans made in these stronger currencies.
bankingbankscross-currency7/13/2023Read →
BanksSVB Financial Sues FDIC For Regulatory Seizure
SVB Financial Group is suing the FDIC in bankruptcy court, seeking the reversal of a $1.93 billion regulatory seizure.
7/12/2023Read →
BanksMastercard Using AI to Help Banks Combat Payment Scams
Mastercard confirms success with its Consumer Fraud Risk AI system to help banks in the UK combat payment scams.
7/12/2023Read →
Brian's BlogLooking for a business loan?
Need financing for your business? Discover valuable information and resources on obtaining a business loan to support your entrepreneurial aspirations.
bankingbanksbusinesses7/12/2023Read →
Brian's BlogSVB’s collapse could have been avoided.
Delve into the factors that led to SVB's collapse and discover the potential measures that could have prevented this unfortunate event.
banksus banks7/12/2023Read →