Securities and Exchange Commission Chairman Gary Gensler warned lawmakers that artificial intelligence could, one day, cause a financial crisis.
Banks and other financial organizations are emphasizing practical use cases for artificial intelligence and cautioning against the distractions of "shiny objects."
An employment attorney shares how to make sure AI hiring tools follow policies and regulations.
AI can and should be integrated into the business of banking, but with adequate safeguards in place to mitigate the technology's potential vulnerabilities.
Lenders from across the country are participating in Underwriting for Racial Justice, a collaboration to develop new criteria so marginalized borrowers gain access to credit.
Leaders take the challenge posed by this technology extremely seriously, and work to understand how they can both harness it and ensure that it doesn't eat their business.
The interagency report recommends practices for financial institutions to manage relationships with fintechs and other third parties.
From choosing the right partner to dealing with data, bankers developed a set of rules for banking-as-a-service relationships–published as a playbook.
Banks are teaming up with financial technology companies to streamline processes like payments and app development.
Critics claim more regulation of bank-fintech partnerships is needed. Are they overlooking the existing oversight and the positive impact of these partnership agreements?
An analysis of the risk factors and benefits on bank-fintech partnership regulation.
Explore the importance of implementing prudential regulation in the fintech industry to mitigate potential systemic risks and ensure stability.
Treasury urges bank regulators to address third-party risk with fintechs, emphasizing regulatory oversight and consumer protection.
The Long Island bank is the latest financial institution to use new equity to restructure its balance sheet and unload low-yielding assets. Its stock price tumbled after the shares were priced at a considerable discount.
The move to create data consortia and proprietary information networks is creating exactly the kind of information silos that money launderers exploit today.
The risks of data sharing are growing every day as more consumers do more banking digitally and link their bank accounts to more digital apps.
The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the CFPB found.
The House Financial Services Committee approves a financial data privacy bill. Critics express concerns about weakening of consumer protections
Gain insights into alternative authentication methods for consumer-permissioned data access and understand the implications for data privacy, financial inclusion, and regulatory considerations
Stay informed on the ongoing debate surrounding data security risks, oversight of third-party partners, and consumer control over financial data.
Understand the ongoing discussions and concerns surrounding data-sharing issues between banks, fintechs, and data aggregators.
Hear perspectives on the industry's response to the challenges and opportunities of open finance.
A recent report for the FDIC found that the regulator's strategic plan for expanding economic inclusion was satisfactory, but said there is still room for improvement.
The CFPB issued guidance on the use of artificial intelligence in underwriting and the explanations given to consumers who are denied credit.
AI-based models can improve credit access for people with low incomes. Understand the potential benefits, concerns, and implications for lenders and the industry as a whole.
The Fed is committed to addressing discriminatory practices, incorporating screening measures, and promoting financial inclusion.
Understand the impact of fintech on lending equality, the role of automation in lending, and the challenges and potential of machine learning in credit underwriting.
U.S. Bank's Kristy Carstensen discusses how banks can lean into equity both in and outside of the institution.
Learn how to turn account origination into an engine for economic empowerment. Forward-thinking institutions are leveraging tech to transform the cost structures at their banks, allowing them to serve broader geographic and demographic populations.
Understand the challenges bankers face in expanding access to banking services while ensuring compliance with regulations.
Know the potential risks and complexities associated with bank and fintech partnerships, and the importance of conducting thorough due diligence.
KEY TAKEAWAYS
- Discover future opportunities for automation in banking
- Learn how the technology will impact the workforce
- Understand the risks and barriers associated with implementing automation
