Algorithms are extremely clever at accurately processing huge quantities of information. But a recent problem with a bank loan is a disturbing look behind the curtain. Last week I applied for a ...

A program spearheaded by the World Bank that uses algorithmic decision-making to means-test poverty relief money is failing the very people it’s intended to protect, according to a new report by Human ...

The old way of getting a business loan is dead. In the past, a business owner could walk into a community bank. You could hand over a business plan and talk to a manager who knew your town. I served ...

NEW YORK--(BUSINESS WIRE)--Deutsche Bank’s Autobahn® Equity business today announced the launch of Stealth ®, the next generation of its liquidity seeking algorithm. Stealth uses advanced high ...

Real-time gross settlement systems (such as Fedwire, run by the Federal Reserve), post accounting entries for each payment on the central banks’ books — where each payment sent or received impacts the ...

The New York banking regulator is investigating if Deutsche Bank and Barclays used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the ...

Banks have access to vast new troves of data, such as social media feeds, that they have to learn how to use in their marketing and sales efforts or risk losing share to other institutions that are ...

Can computers make better decisions than humans? One tech firm says they already do when it comes to lending money. Wonga.com is a short-term lending Web site that uses an algorithm and thousands of ...