Investment

A government shutdown and a single senator's hold prevented the renewal this week of a bipartisan law that helped banks and other firms defend against hackers.

Portugal's Feedzai will build the fraud detection system for Europe's planned digital currency, a deal worth up to $278 million.

Jennifer Taylor at Citibank and Jodi Richard at U.S. Bank are driving a rethinking of how to tackle the risks banks face using technology.

Two large companies' announcements that they're laying off thousands of people they've deemed not AI-savvy have drawn mostly negative reactions. 

A flurry of product launches are designed to keep the payment company's merchants in-house by making it easier to deploy artificial intelligence-driven payments and stablecoins.

The industry has developed materials for banks looking to promote anti-scam awareness and more resources for banks.

The bank added an AI assistant to improve business payment tools, a move that comes at the same time that Citigroup and Temenos pushed their strategies for emerging AI at banks.

A memo sent to 175,000 employees gives them 60 days to complete the training.

A major financial services industry group focused on cybersecurity highlighted the need for planning ahead of 2030 and 2035 deadlines.

In a Stanford University study, workers said receiving shoddy content from generative AI models creates almost two hours of extra work per incident.