TheGuardian

NOVEMBER 9, 2023

Historian and Sapiens author says sophistication of technology makes it difficult to forecast its dangers Artificial intelligence could cause a financial crisis with “catastrophic” consequences, according to the historian and author Yuval Noah Harari , who says the technology’s sophistication makes forecasting its dangers difficult. Harari told the Guardian a concern about safety testing AI models was foreseeing all the problems that a powerful system could cause.

System 111

System Technology 111

Payments Dive

NOVEMBER 9, 2023

Consumer Financial Protection Bureau supervision “levels the playing field” in buy now, pay later, Affirm’s CEO Max Levchin said Wednesday.

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416

SWBC's LenderHub

NOVEMBER 9, 2023

In our modern, digital world, the financial landscape is evolving—and fast. Today’s money moves at the speed of the Internet, which means banking isn’t what it used to be.

Digital Banking 148

Digital Banking 148

Payments Dive

NOVEMBER 9, 2023

Fidelity National Information Services disclosed that its board has formed a committee and hired an independent counsel to review demands tied to a stockholder lawsuit.

National 386

National 386

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Groups

American Banker

NOVEMBER 9, 2023

Speakers at DC Fintech Week highlighted ways forward for regulators to keep pace with artificial intelligence, such as by setting up "guardrails" before guidelines.

Regulation 85

Regulation DC Guidelines Innovation 85

The Paypers

NOVEMBER 9, 2023

UK-based Open Banking payments network TrueLayer has announced the availability of its payments app in the Shopify App Store.

Payments 81

Payments 81

American Banker

NOVEMBER 9, 2023

Changes being considered by the Federal Housing Finance Agency would make liquidity more expensive and complicated to obtain. But first, those reforms will have to overcome the political power of a wide range of financial institutions that benefit from the status quo.

Policies 80

Policies Compliance Regulation 80

CFPB Monitor

NOVEMBER 9, 2023

The Federal Trade Commission recently announced that it has entered into a settlement with Bridge It, Inc. (“Brigit”), the operator of a personal finance mobile application, to resolve the FTC’s allegations that Brigit engaged in unfair and deceptive acts or practices in violation of Section 5 of the FTC Act and engaged in conduct that violated the Restore Online Shoppers’ Confidence Act (“ROSCA”). .

Operations 78

Operations Mobile Online 78

American Banker

NOVEMBER 9, 2023

The Cincinnati-based bank, which purchased a solar lender last year, is facing an investigation from 17 state attorneys general over the acquired company's lending practices and contractor network. One solar panel installer has gone bankrupt and faced complaints across the country.

Lending 78

Lending Company Compliance Regulation 78

Advertiser: ZoomInfo

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Analysis

CFPB Monitor

NOVEMBER 9, 2023

The CFPB recently issued a policy statement in which it provided a framework for determining what constitutes abusive conduct under the CFPA. After reviewing the definition of abusive in the CFPA and the historical background of the adoption of an abusive standard in the CFPA, we examine how the policy statement addresses each element of the abusive standard and share our observations as to the policy statement’s implications. .

Policies 78

Policies 78

BankInovation

NOVEMBER 9, 2023

Netherlands-based ING Bank has identified AI and analytics as a critical priority as digital usership ticked up in the third quarter. The $967 billion bank is looking to implement generative AI for coding and within its contact centers, Bahadir Yilmaz, chief analytics officer at ING, told Bank Automation News.

Analytics 74

Analytics 74

American Banker

NOVEMBER 9, 2023

In tests run by Corporate Insight, generative AI-based bots like OpenAI's ChatGPT and Google's Bard generally answer questions better than banks' virtual assistants do.

Google 74

Google Technology 74

BankInovation

NOVEMBER 9, 2023

Jack Henry continued to prioritize its tech modernization strategy during its fiscal first quarter as it worked to bring its solutions onto the cloud-based Jack Henry Platform, creating consistency across its product offerings.

Strategy 69

Strategy US Innovation 69

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Lending

American Banker

NOVEMBER 9, 2023

Los Angeles-based Lendistry — in less than two years — became the largest Black-run 7(a) lender. Its CEO credits a concerted effort by the Small Business Administration to reach out to minority lenders and businesses, whose participation in the lending program is growing.

Los Angeles 69

Los Angeles Lending Fintech Community Bank 69

BankInovation

NOVEMBER 9, 2023

JPMorgan Chase & Co. is working with US regulators and walking them through its first set of generative AI pilot projects to ensure all controls are in place, as the bank attempts to bound ahead of rivals in deploying artificial intelligence in the highly-regulated industry.

Regulation 69

Regulation US Industry 69

The Paypers

NOVEMBER 9, 2023

US-based grocery tech company Instacart has taken steps to allow their customers to use their FSA and HSA cards at checkout.

Payments 65

Payments US Cards Company 65

American Banker

NOVEMBER 9, 2023

Roy and Bertrand Sosa have retaken control of Netspend to combine it with their other firm, Rev Worldwide, to build the companies into an international financial services provider.

Marketing 60

Marketing Company Cards Payments 60

Advertiser: ZoomInfo

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Capital

The Paypers

NOVEMBER 9, 2023

Silverflow has announced its partnership with Mastercard in order to expand its solutions for customers in Singapore and go live in the APAC payment market.

Marketing 45

Marketing Payments 45

American Banker

NOVEMBER 9, 2023

The proposal fails to account for the needs of small and medium-size businesses, which depend on banking data connectivity to keep their operations running.

Operations 45

Operations Data Compliance Lending 45

The Paypers

NOVEMBER 9, 2023

Germany-based crypto-banking platform Bitwala has relaunched its operations through a partnership with Estonia-based Striga.

Operations 45

Operations 45

The Financial Brand

NOVEMBER 9, 2023

This article Are Banks Failing to Address the Unique Needs of Women? appeared first on The Financial Brand. Many banks say that they are committed to easing the financial concerns of women. So why is women’s financial anxiety at a five-year high? This article Are Banks Failing to Address the Unique Needs of Women? appeared first on The Financial Brand.

Branding 37

Branding Marketing Strategies America Marketing 37

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Operations

The Paypers

NOVEMBER 9, 2023

France-based Embedded Finance platform Swan has announced its expansion into the Netherlands and the launch of localised Dutch accounts.

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45

American Banker

NOVEMBER 9, 2023

The amount of money that investors are parking at a major Federal Reserve facility dropped below $1 trillion for the first time in more than two years.

Industry 36

Industry 36

The Paypers

NOVEMBER 9, 2023

Global expense management and cross-border payments platform Jeeves has partnered with digital payments and FX bank Bexs.

Management 41

Management Payments 41

American Banker

NOVEMBER 9, 2023

Officials are looking into the banking giant's anti-money laundering measures with clients outside the U.S.

Management 36

Management Capital Marketing Compliance 36

Advertiser: ZoomInfo

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