Podcast: Perspectives from two bank risk and compliance leaders

A new survey by Webster Bank found that roughly half of C-suite executives polled said their businesses lost $10,000 to $500,000 to cyber fraud in the past two years, with another 11% reporting losses exceeding $1 million.

FinCEN rescinded two alerts for financial institutions related to the financing of what the agency said was “Israeli extremist settler violence against Palestinians in the West Bank.”

'People can be convinced they are talking to a real person when they are not.'

Central banks need to find a balance between fostering innovation using artificial intelligence and mitigating the different risks the technology may generate, the Bank for International Settlements concluded in a new report on AI adoption by central banks.

Banks must have strong risk-management practices in place when using third-party cloud service providers, starting with contract language.

Cadence Bank in Tupelo, Mississippi, has agreed to buy FCB Financial in Savannah, Georgia. Also, the FDIC approved a proposed merger of West Virginia, Ohio banks.