Over 75% of bank leaders cite cybersecurity as top concern
Cybersecurity and fraud are the top concerns for bank leaders this year as financial scams become increasingly sophisticated. Fraud and...
Risk & Security
Trump administration aims to drop capital requirement for smaller banks
The Trump administration wants to ease regulatory burden for smaller banks, Treasury Secretary Scott Bessent said during an interview with...
Oracle adds agentic AI to anti-fraud platform
Oracle has introduced advanced AI agents and agentic workflows to its Investigation Hub Cloud Service, enabling financial institutions to streamline...
Wall Street flags new AI risks from hallucinations, criminal use
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and other Wall Street firms are warning investors about new...
CFPB drops lawsuit against US banks over alleged fraud on Zelle
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
Banks can’t beat fraud without AI, experts say
Financial institutions must use AI to counter the rising number of AI-driven scams that resulted in a global financial loss...
Sensitive bank data set for deletion in CFPB purge, ex-aide says
The former chief technologist of the Consumer Financial Protection Bureau alleged in a legal filing that the Trump administration is...
CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the Consumer...
Podcast: How an anti-fraud startup fights deepfake fraud
Financial institutions are looking to deepfake detection solutions in their fight against the growing threat of generative AI-driven fraud. The...
Barclays outage a reminder to update legacy systems
Bank outages, like the one at London-based Barclays last week, are a growing threat as more banks see downtime due...
