Technology

"We want to put banks in the risk management driver's seat," says Sima Gandhi, co-founder of the Council for Fintech Ecosystem Standards, which has worked with a group of fintechs to create risk and compliance standards banks can use to evaluate their fintech partners.

Software code generation and knowledge management are two of the places the bank has begun using generative AI to improve efficiency.

Thomas Rudzewick, CEO of Maspeth Federal Savings Bank, worries about the growing crisis of low savings among millennials and Gen Z. He believes banks like his can help reverse this trend with financial literacy and innovative savings tools.

Arvind Purushotham, head of Citi Ventures, shares where he and his team see opportunities and how they vet tech startups.

A lack of resources is one common cause of AML penalties, says consultant Aaron Ansari.

Some banks are "punching above their weight," according to Dan Latimore, chief research officer at The Financial Revolutionist. Here's how they do it.