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Two federal agencies recently released a warning about a strain of ransomware called Snatch, which has adopted the successful tactics of other variants.
September 21 - AB - Technology
It's still too soon to say exactly how the use of advanced artificial intelligence will be restricted in financial services, but banks are developing strategies mindful of potential policies.
September 21 -
Bank executives at the Sibos conference this week discussed how they are using predictive analytics and other technologies, and the fintech partnerships that move them forward.
September 20 -
The payment company is using a new OpenAI tool to expand its shopping and customer service technology.
September 20 -
The service was created to meet institutional clients' needs for real-time payments.
September 19 -
The Consumer Financial Protection Bureau issued guidance on the use of artificial intelligence in credit underwriting, saying that creditors are relying too heavily on a CFPB checklist and sample forms when they should provide specificity to explain why a consumer is denied credit.
September 19 -
The firm's investors include Visa and PayPal, as well as the Teacher Retirement System of Texas
September 18 -
Ongoing disruptions and a reported ransom payment highlight the complexity of cybercrime networks and the pitfalls of paying ransoms.
September 18 - AB - Technology
A new model rates large banks on their efforts to develop and deploy artificial intelligence technology.
September 14 - AB - Technology
Executives at Citizens Financial Group and community banks such as Seattle Bank and Citizens Bank of Edmond say there are potential use cases for large language models. Yet they have concerns that impersonal service and likely errors could erode customers' faith in their financial institutions.
September 14