Penny Crosman is Executive Editor, Technology at American Banker and its publisher, Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise, Network Magazine and Imaging Magazine.
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At the Most Powerful Women in Banking conference this week, New York's top banking regulator said banks need to take full responsibility for the artificial intelligence models they use, even if they bought them from a third party.
October 22 -
The technology will take on routine, dull work, says Alenka Grealish, principal analyst at Celent.
October 22 -
A consulting firm hired by the bank, Ankura, has reconciled ledgers between Synapse and its partner banks, Evolve says.
October 21 -
Pilots of the technology show it can produce double-digit productivity improvements. But among experienced staff, it can have a negative impact.
October 17 -
The banks top a list of the largest banks in terms of AI talent, innovation and leadership.
October 17 -
Experts at Citi, Morgan Stanley and the London Stock Exchange have written a governance framework banks can use to mitigate the risks of generative AI.
October 11 -
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The technology, which turns large language models into autonomous agents, could be a game changer for banks.
October 4 -
The bill would have forced several restrictions on the largest AI model providers, including a so-called "kill switch." A new version could restrict the riskiest uses of AI, such as for loan and hiring decisions.
September 30 -
As a public company, the neobank would have the capital support to keep growing quickly. It would also have to rein in costs and show a profit.
September 27
