Technology

Bank leaders and industry observers are starting to worry about the risk of automation complacency, where glazed-eyed workers fail to see mistakes made by AI models that are right most of the time.

The agency is in discussions with the rent-rewards fintech regarding how it handled a card changeover after Wells Fargo ended its partner bank contract early.

Regulators must move toward a more workable model that regulates the intermediaries that custody and control assets, not the underlying software. This would actually be the smarter choice, as blockchains provide transparency and thus better compliance than in traditional banking.

There is a difference between combating discrimination and forcing bankers to ignore problems.

Joseph Sanberg was handed a 168-month prison sentence for two counts of wire fraud after the celebrity-backed ecofintech collapsed last year.

The order asks major AI companies to voluntarily give the government a preview of their latest models. 

Belgian prosecutors say they're finalizing charges over €500 million in suspect transactions. Wise calls the case, like its U.S. run-ins, a routine matter.

Reports show banks and the agencies that regulate them are both very vulnerable to fast-moving cyber attackers exploiting loopholes in computer systems.

The managing director of a multifamily office shares the tech that reduces drudgery and amplifies empathy — and an easy screen to help advisors steer clear of the dreaded "AI ick."

Fintechs grew four times faster than incumbent banks to generate 4% of last year's total global financial services revenue.