Here are best practices for data-driven digital marketing to boost business and commercial banking sales productivity.
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.
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.
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.
The National Security Agency, Department of Defense and law enforcement agencies have issued new advice for organizations on the cybersecurity threat known as “deepfakes.”
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.
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.
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,
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.
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