Compliance meets AI: A banking love story
Banks are at preliminary stages in evaluating generative AI. But areas of early adoption are customer services, analyzing data and reading large regulatory documents.
Banks are at preliminary stages in evaluating generative AI. But areas of early adoption are customer services, analyzing data and reading large regulatory documents.
Most bank customers are hesitant to use artificial intelligence to help manage their money, according to the most recent bank customer satisfaction survey by J.D. Power.
The National Institute of Standards and Technology released version 2.0 of its Cybersecurity Framework, a guidance document for helping organizations reduce their cybersecurity risk.
The FCC issued a declaratory ruling concluding that speech generated by artificial intelligence falls under the Telephone Consumer Protection Act’s restriction on telephone calls using an “artificial or prerecorded voice.”
Cybercriminals are professionalizing and a new threat is on the rise.
In a letter to the FDIC, three members of the House Financial Services Committee expressed concern over what they said was the agency’s decision to roll back a program to promote technological innovation in financial services.
We need to strike the right balance between managing risks, pushing back on unfair rules and leaders and keeping ourselves moving forward with innovation.
The inverted yield curve is escalating banks’ often technology-driven efforts to gather deposits.
Several platforms have emerged to facilitate matching counterparties and to provide necessary due diligence and documentation for credit analysis.
Cloud-based technologies now make it possible to knit together many distinct types of information into a usable “data fabric” in near real time.