Newsbytes Podcast: Breaking Down Silos in AML, BSA, Fraud and Cyber

In the latest episode of the ABA Newsbytes Podcast, taped before a live audience at the ABA/ABA Financial Crimes Enforcement Conference, Evan Sparks interviews former law enforcement official and community bank BSA officer Ryan Rasske about trends in anti-money laundering, Bank Secrecy Act and fraud issues -- particularly the growing confluence of these programs within banks.

Read More »

Basel Report Analyzes Risk Factors of AI, Machine Learning in Finance

The growing applications of artificial intelligence and machine learning technology in financial services holds the promise of making the financial system more efficient but may pose new risks in third-party reliance, audit and interconnectedness, according to a report released today by the Basel, Switzerland-based Financial Stability Board.

Read More »

New Survey Highlights Banks’ Efforts to Protect Older Americans

With Americans over age 50 accounting for 70 percent of all bank deposits, and with an estimated one in five seniors targeted by financial fraud, the ABA Foundation today released its inaugural Older Americans Benchmarking Report highlighting how banks are working to combat elder abuse.

Read More »