Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.

Chair Travis Hill said the Silicon Valley Bank failure showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.

The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.

The Fathom Holdings purchase bolsters the retail platform's ambitions to become a one-stop shop for all homeownership needs, Bed Bath & Beyond's CEO said.

State mortgage regulators are favoring fines over fair, balanced supervision, and need a coordinated overhaul, according to the head of the CHLA.

The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.

This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.

The government said it was responding to a jailbreaking risk that Anthropic says is minimal.

Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.

More than half of prospective buyers said they would be comfortable purchasing a home without any direct human involvement, according to an industry survey.

Tiffany To, CEO and co-founder of Ontollo, is bringing her background in enterprise artificial intelligence to the board of PennyMac Financial Services.

The deal will bring Kiavi's assets onto Figure's blockchain environment, adding $7 billion in annual volume, and more than $100 million of monthly cash flow onto its blockchain-native warehouse marketplace, Democratized Prime.

The number identifying it as such is significant, but not universal, as servicers also face product-specific challenges and determine whether and how to use AI.

A notable cyber threat actor alleged it was behind a ransomware attack that impacted nearly 138,000 individuals, a claim refuted by the lender.

Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.

Intercontinental Exchange is among a new group of 150 enterprises to enter Project Glasswing, which has found over 10,000 software vulnerabilities since April.

The agency is in discussions with the rent-rewards fintech regarding how it handled a card changeover after Wells Fargo ended its partner bank contract early.

Following a recent acquisition, leaders of Valon and Carrington Mortgage Services discussed benefits of the agreement and the role of tech in servicing.

The Department of Veterans Affairs will accept the legislatively-mandated partial-claim option soon and servicing systems must accommodate it by November 28th.