Weak identity authentication and verification protocols can result in compromised online accounts and diminished information security.
Browsing: Artificial intelligence
The Department of Commerce announced the creation of the U.S. AI Safety Institute Consortium, an advisory group with representatives from more than 200 businesses and organizations tasked with exploring the development and deployment of safe artificial intelligence technologies.
In a letter, ABA encouraged the National Institute of Standards and Technology to develop a complement to its existing AI Risk Management Framework to address the unique opportunities and challenges presented by generative AI.
AI-generated messages and images can create realistic impersonations, which enable criminals to launch highly effective frauds at scale.
Any new technology utilized by a financial institution—including artificial intelligence—must be done so in a way that complies with existing law, top officials from four federal agencies said.
Kyall Mai discusses Esquire Bank’s content marketing site, LawyerIQ, which has a unique value proposition of educating attorneys on the business side of running a law firm successfully.
House Financial Services Committee Chairman Rep. Patrick McHenry (R-N.C.) and Ranking Member Rep. Maxine Waters (D-Calif.) announced the formation of a bipartisan working group to explore how artificial intelligence is affecting the financial services and housing industries.
As banks contemplate budget pressures, limited data analytics resources and other challenges, they will need to rely on confidence and tenacity.
Compliance risk, interest rates, credit top banker, expert concerns going into the new year.
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