Implementing AI can relieve bottlenecks amid growing AML complexity
With new threats and expanding regulations making anti-money laundering processes more complex, financial leaders are turning to AI to help....
Wells Fargo reduces headcount 7% amid continued AI implementation
In its efforts to increase efficiency and reduce headcount, Wells Fargo continues to invest in AI and in the second...
Q&A with Luis Pinedo on his move from Santander to ThetaRay
Luis Pinedo departed Santander after nearly 16 years to take a new position with fintech ThetaRay, aiming to lead the...
Jack Henry taps Google Cloud agentic suite to develop AI security platform
Tech provider Jack Henry has expanded its collaboration with Google Cloud to develop a proprietary AI security platform tailor-made for...
Bank of America to pay $7.5M settlement to SEC for alleged reporting oversight
Bank of America has agreed to pay a $7.5 million settlement to the U.S. Securities and Exchange Commission to resolve...
Mitigating third-party risk: Clear expectations with the right vendors
To keep up with the rising tide of AI implementation, many FIs are turning to vendors — a process that...
VCs invest in AI anti-crime compliance systems
The financial sector is investing in tech solutions for anti-crime compliance and risk management, with Flagright raising $12.5 million in...
CISA creates cybersecurity prioritization, patch protocol
The U.S. Cybersecurity and Infrastructure Security Agency is requiring federal government agencies to patch cyber vulnerabilities more quickly and by...
Bridging the skills gap: Ensuring cybersecurity amid AI proliferation
AI is rapidly advancing and financial institutions need to train their employees to use it securely. As more FIs incorporate AI and machine...
AI helps fraudsters perpetrate ‘zombie business’ schemes
Bad actors are increasingly using AI to create fraudulent documents when applying for business loans, and lenders must implement multilayer...
