Recap: What U.S. Bank, PNC, and bankers’ groups are telling the OCC about AI
The regulators are curious again. Image: Sigmund/Unsplash Last week, the Office of the Comptroller of the Currency (OCC), the Federal...
Risk & Security
Analysis finds security flaws in 94 popular banking apps
A security analysis of 107 banking apps released March 25 has found security flaws in 88 percent of the apps...
Leading regulatory agencies seek information about AI in financial services
The Office of the Comptroller of the Currency and the Federal Reserve Board are among five federal financial regulatory agencies...
Banks jumpstart automation with AML
Automating anti-money laundering proved a cost-effective and an efficient starting point for the robotic process automation (RPA) efforts for Scotiabank...
Notarize sees 600% growth and raises $130 million in Series D funding round
Remote online notarization provider Notarize has raised $130 million in its Series D funding round, the firm announced Thursday. Image: Kelly Sikkema/Unsplash Notarize, which...
Small banks outsource cybersecurity to SEI for automated solutions
The $1.6 billion Progress Bank will manage its cybersecurity services and network operations by outsourcing them to SEI, a provider...
Spending on regulation technology will exceed $130B by 2025
The pandemic shift to digital onboarding that increasingly uses intelligent automation will provide banks with cost savings of over $460...
Leaked employee credentials, older software could put credit unions at risk
As credit unions increasingly pivot to digital platforms and solutions, flaws in their cyber meshes may become an expensive point...
Silicon Valley Bank-backed fintech scores $13.5M Series A
Zeni, a fintech that automates accounting and bookkeeping processes for startups, raised $13.5 million today in a Series A funding...
RBC builds out remote verification and onboarding tools
Royal Bank of Canada is eyeing additional efficiency gains as it looks to expand its remote identity verification and onboarding...
