OneAZ Credit Union to explore using blockchain technology
“We’re in an era of instant gratification, where we’re not compared to other financial institutions, but rather to companies like Amazon, Apple, Google, and Facebook,” says chief technology officer Sandeep Uthra.
AI for banking faces trust hurdles, FINRA Foundation study says
The regulator’s education arm compared consumers’ reactions to financial information after being told it was generated by AI versus a human.
FDIC Board of Directors Meeting
BOARD MATERIALS | JUNE 20, 2024 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporation’s Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more The FDIC does not […]
Update: FDIC Board of Directors Meeting
BOARD MATERIALS | JUNE 20, 2024 (Updated to correct hyperlinks) FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporation’s Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more […]
FDIC board approves stricter resolution plans, faster merger reviews
The FDIC Board Thursday approved stricter resolution plans for larger banks and introduced a new bipartisan procedure to expedite merger application reviews.
How close is the payments tech industry to a turnaround?
Publicly traded companies are showing signs of improvement, but it may take some time until venture capital funding for fintechs recovers.
Court challenge to CFPB’s $8 credit card late fee rule to remain in Texas
In a win for credit card issuers, a lawsuit challenging the Consumer Financial Protection Bureau’s $8 credit card late fee rule will remain in a Texas court and not be transferred to Washington, D.C.
We need to help people learn how to talk about their finances
Financial services professionals should be in the business of normalizing discussions about personal finance. The result will be a more financially literate population, and that’s good for everyone.
Microsoft under fire for recent cybersecurity lapses
Chinese and Russian hackers recently accessed government and company executives’ email accounts, bringing scrutiny to the tech giant’s security practices.
Banks must address bias in large language models
All cultures have explicit and implicit biases. Preventing discrimination when large language models are involved starts with using high-quality human-curated data and text.