ABA seeks industry-focused approach to AI policy
As regulators develop policy for artificial intelligence, they should adopt an industry-focused approach in order to minimize the effects to...
Technology
A different approach to bank-fintech partnerships
Banks, third-party providers of all sizes and, most importantly, customers could benefit from a new oversight establishment for the rapidly...
Five AI trends transforming financial services
Lessons from the AI in Finance Summit
Banks view digitalizing credit-risk function as urgent but face people challenges
Customer experience focuses are heading beyond call centers, chatbots and mobile banking to include prioritizing credit-risk infrastructures.
ABA: Proposed cryptoasset reporting standards mostly positive
ABA said it was generally pleased with a proposal by the Financial Accounting Standards Board to revise accounting standards to...
CFPB warns AI chatbots in banking must comply with law
The CFPB warned financial institutions that they are legally obligated to “competently interact with customers” about financial products or services...
Survey: Public either unaware or skeptical of central bank digital currency
Most Americans have not formed an opinion on whether the Federal Reserve should offer a central bank digital currency, but...
ABA, associations urge SEC to modify cybersecurity proposals
ABA and three financial sector trade associations submitted two joint letters urging the Securities and Exchange Commission to reconsider proposed...
CFPB cautions against storing money on apps lacking deposit insurance
The CFPB issued a consumer advisory warning that many popular nonbank payment apps lack deposit insurance and therefore the protection...
FDIC’s Hill: Standards-setting organization could spur bank-fintech partnerships
The establishment of a public/private standards-setting organization to help banks adopt third-party financial technology solutions is an idea that deserves...
