Sunwest CTO: More clarity needed on AI regulation
As banks look to implement and scale AI within their operations, some executives want more clarity on regulations that govern ...
Tag: bank regulation
AI’s growth leaves financial regulators struggling to catch up
Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by ...
Move trust, not data: How Section 1033 can make open banking work
Open banking will not be won by moving data faster. It will be won by moving trust. As Section 1033 ...
CFPB moves to withdraw open banking rule
The Consumer Financial Protection Bureau’s new leadership has been pulling back, and the latest retreat is likely to affect open ...
OMB on track to gain $500M through BaaS this year
Old Missouri Bank is looking toward BaaS to grow operations and drive deposits. The bank has gained $30 million in ...
BofA says U.S. may take action over money laundering, Zelle
Bank of America Corp. said US regulators may take action against the firm over its efforts to detect suspected money ...
Bank of England explores risks of AI, ML for 2024
As AI in the banking industry continues to grow, financial institutions must be confident in the accuracy and security of ...
Lenders should implement these 2 technologies now
Regulatory technology and fraud prevention are two areas that financial institutions should be investing in now to reduce losses and ...
Google Cloud predicts 4 trends driving change for financial services in 2023
This year the financial industry is in for big changes. Financial institutions that successfully expanded digital versions of their products ...
Crossing the $10B threshold: Compliance considerations for banks
Financial institutions approaching the $10 billion asset threshold are leveraging automation and APIs to ensure they have proper governance in ...
