Investment

The bank is looking to educate — and potentially hire — a new generation of tech experts by working with New Jersey's Liberty Science Center and two local high schools in areas where students are at higher risk of not graduating.

Participants include Digital Asset and Ripple alongside others involved with foreign central bank digital currencies. The program is set to begin next month.

Flow Traders and Hudson River Trading have backed Sei Labs, a crypto startup founded by Goldman Sachs and Robinhood Markets veterans that is developing a blockchain aimed at speeding up decentralized finance transactions.

The cybersecurity crisis arising from super-fast computing is approaching more quickly than the industry and its regulators may realize.

The state's disclosure laws generated data that indicated millions of consumers had their personal details potentially compromised.

A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.

In a survey, 88% of financial institutions had experienced a firmware-related attack, which the Department of Homeland Security has called an "overlooked" vector for cyberattacks.

At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving.

Their chatbots are diverting calls away from call centers and helping bring in deposits, the banks say, as the adoption, maturity and usefulness of the technology improve. 

To meet the growing demand, banks are faced with a choice of hiring, reskilling or outsourcing.