Some of the lender and servicer's systems are offline following the attack on Oct. 31.

While the addition of Black Knight is already paying off in terms of cross-sell success, the unit has posted operating losses in five of the last six quarters.

The Toronto-based company is looking at local and international expansion, CEO Shubha Dasgupta said.

Incorporating an artificial intelligence chatbot into its internal search engine tool is part of a "bigger narrative" that will unfold in months to come, the company's chief information officer said.

Close to 100 employees including the co-founders of Follow Up Boss will transition to the acquiring company.

President Biden has directed government agencies to develop new rules on protecting privacy and security, preventing intellectual property theft, reducing bias and more in banks' use of artificial intelligence models.

President Joe Biden's executive order tackling artificial intelligence could reprioritize the Consumer Financial Protection Bureau's work in fair lending on artificial intelligence algorithms.

The order follows a similar decree by the Securities and Exchange Commission for publicly traded firms to disclose incidents they deem "material."

The neobank is also benefiting from its product diversity.

Large language models were a big part of the discussion during the company's earnings call on Thursday.

CEO Scott Sanborn said it's unclear when demand from banks to buy the fintech's loans will return.

Until now, National MI and Essent did not have direct ties with the legacy platform, although they are already on the newer enterprise loan origination system.

Banks already share consumers' transaction data with fintechs, mostly through data aggregators, and often grudgingly through screen scraping. The proposed 1033 regulation could give more control to consumers, better data access to fintechs and a competitive edge to big banks over smaller ones, some observers say.

Though home mortgage issuance has slumped in line with originations, new potential bank capital rules and increased consumer debt consolidation could boost activity for these two subsets in the secondary market.

Questions about how it will be implemented and whether the rest of the market will follow the agency's lead make the expense involved difficult to estimate.

The types of attacks ranged from malware, phishing and a zero-day hack of a vendor software which has rattled numerous bank and non-bank lenders.