Bank of America has agreed to pay a $7.5 million settlement to the U.S. Securities and Exchange Commission to resolve...

To keep up with the rising tide of AI implementation, many FIs are turning to vendors — a process that...

The financial sector is investing in tech solutions for anti-crime compliance and risk management, with Flagright raising $12.5 million in...

Autonomous artificial intelligence agents risk causing “market meltdown” and may need tighter regulation, Bank of England Deputy Governor Sarah Breeden...

The U.S. Cybersecurity and Infrastructure Security Agency is requiring federal government agencies to patch cyber vulnerabilities more quickly and by...

AI is rapidly advancing and financial institutions need to train their employees to use it securely.   As more FIs incorporate AI and machine...

Bad actors are increasingly using AI to create fraudulent documents when applying for business loans, and lenders must implement multilayer...

Andrew Moore, former head of Google Cloud AI, says building investigative AI agents for risk management workflows is like “solving a huge game of...

Financial institutions are no strangers to vendor selection, but AI has added a new layer to assess during due diligence and overall compliance efforts.  Instead of leaving...

Lloyds Banking Group plans to launch an AI tool in its app to help customers sidestep online shopping scams and...