Banks release principles for building public trust in AI agents
Six U.S. and foreign banks released a set of principles for building consumer and merchant trust in AI agents used ...
Tag: Artificial intelligence
Survey finds younger generations more likely to start building wealth at early age
Today’s young adults are beginning to build wealth years earlier than older generations did, but many of them still see ...
Balancing security with customer experience
The banking, technology and government sectors have been collaborating as new technologies lower the barriers to creating convincing false identities.
New tool released to help state bank examiners assess AI risks
Financial institutions can also use the CSBS framework to assess their own AI programs, establish sound AI governance and risk ...
How will banks reinvest the time AI saves?
The bank may become more efficient, but not necessarily more strategic. The capacity dividend becomes valuable only when it is ...
Banks’ wealth units pursue AI — carefully
'Some of the best ideas have come from junior employees doing the analytical work who often understand the technology better.'
FinCEN, banking agencies release FAQs on digital credentials, customer ID
Financial institutions may use a mobile driver’s license or other government-issued virtual ID as a form of documentary verification for ...
Consumers share experiences with AI-enabled scams
More than two in five U.S. consumers said they have encountered a scam powered by artificial intelligence, either personally or ...
Survey finds many bank customers use gen AI, but don’t trust it
Deloitte survey finds that while most bank customers use generative AI to research bank products, they hesitate to share personal ...
FSB chair urges financial institutions, tech providers to prepare for AI risks
With the rise of frontier artificial intelligence models, financial institutions and third-party technology providers should prepare for a cyber threat ...
