Supercharging digital marketing
Here are best practices for data-driven digital marketing to boost business and commercial banking sales productivity.
Browsing: Technology
Senators debate use of AI in financial services
Artificial intelligence could cause larger changes in the U.S. financial system than the social media-fueled Silicon Valley Bank run, Senate Banking Committee Chairman Sherrod Brown (D-Ohio) said during a committee hearing on the use of AI in the financial services sector.
CFPB issues guidance on notifying applicants of credit denials when using AI
Creditors must provide accurate and specific reasons for denying loan applications even when those decisions were made using technology that employs complex algorithms, the CFPB said.
FIS signs on to ABA principles for strong bank-core provider relationships
Speaking to ABA’s Core Platforms Committee Monday, FIS President and CEO Stephanie Ferris announced that the Jacksonville, Florida-based core provider has signed on to ABA’s Principles for Strong Bank-Core Provider Relationships.
Agencies publish advice on deepfake threats
The National Security Agency, Department of Defense and law enforcement agencies have issued new advice for organizations on the cybersecurity threat known as “deepfakes.”
Future-forward compliance
The bank compliance function stands on the brink of fundamental change driven by digital technology. This transformation has already begun and is likely to accelerate sharply as generative AI drives new thinking about both the compliance challenges and the compliance solutions of the future.
ABA warns against CBDC adoption
A central bank digital currency is unnecessary in the U.S. and would present unacceptable risks and costs to the financial system, ABA said in comments to Congress.
ABA report: Most banks report active social media engagement
Nine in 10 banks (89%) believe social media is important to their banks and 88% are very or somewhat active on their social media accounts, according to a new ABA survey,
Podcast: Accelerating bank innovation in the months ahead
There’s a lot going on in the innovation space in banking. On the season seven premiere of the ABA Banking Journal Podcast, Brooke Ybarra provides an overview of hot issues in the fintech space, including generative AI solutions like ChatGPT.
Barr says Fed ‘a long way’ from decision on CBDC
The Federal Reserve is “a long way” from deciding whether to proceed with a central bank digital currency and would only do so with clear support from the executive branch and authorizing legislation from Congress, Fed Vice Chairman for Supervision Michael Barr said