Investment

Tech companies and banks are trying to shrink the carbon footprints of the large language models they create, host and deploy. Can they move fast enough?

Texas Dow Employees Credit Union publicly acknowledged on Monday that it suffered a data breach in May of last year.

Shutting down Telegram could disrupt fraudsters targeting banks, according to experts. With charges against CEO Pavel Durov, the idea appears more than hypothetical.

The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.

A minority of American Banker's Best Credit Unions to Work For report using AI. But such projects could help excite employees about their roles and eliminate routine work.

Social Security numbers are a dime a dozen on the black market, so cybercriminals are going after bigger and more sophisticated databases.

Banks are concerned about the lack of clarity regarding legal liability in the Consumer Financial Protection Bureau's open banking rule, and fear that they will end up on the hook for data breaches or unauthorized transactions caused by a fintech or data provider.

If efforts to make AI-based loan decision models less discriminatory degrade accuracy, that is problematic for the entire industry. 

Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.

Banks are boosting their use of new machine learning to improve security risk, but securing international transactions presents a different set of challenges.