Fed’s Barr outlines AI risks to finance, labor market

In a speech Tuesday, Federal Reserve Gov. Michael Barr said it was possible that artificial intelligence will boost productivity in an undisruptive way. But he said policymakers should also be wary of a financial crash if those gains are not realized or a rapid adoption that could lead to labor displacement.

What Adyen gets by embracing Uber at the airport

Adyen is powering payments on Uber’s new ride-hailing kiosk at La Guardia airport in New York. For the Dutch payment service provider, it’s an opportunity to advance payment personalization.

OCC proposes new appeal process for banks, trusts

The Office of the Comptroller of the Currency Tuesday issued a proposed rule that would create an independent appeals board, de novo review standard for banks and uninsured firms like trusts, OCC says it’ll increase trust in the system.