Technology
Technology
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Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.
June 8 -
Payment experts detail where banks are falling short in combating AI-driven crimes.
June 8 -
A private credit fund got suckered into the Aspiration Partners fraud; is that an 'it could have happened to anybody,' or a sign that the industry has low standards?
June 8 -
The corporate finance fintech now has a $44 billion valuation and is building out an AI token spend management offering for its 7,000-plus enterprise customers.
June 5 -
The suit tests an unusual theory: that a borrower's lawyer crossed from representing a client into joining a $145 million fraud.
June 5 -
A study released by Ficomm Partners and Absolute Engagement found that nearly 9% of high net worth investors turned to AI over a human for referrals. This shift in referral inquiries offers advisors an opportunity to deepen digital presences.
June 5 -
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The bank tech provider sold off its U.S. mid-market banking business, including a core used by hundreds of U.S. banks, to a branch of Constellation Software.
June 4 -
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.
June 4 -
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.
June 4 -
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Cheungkin Lam fed customers' account details to a crew that drained their balances, including $417,300 from one account that TD had to repay.
June 3 -
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.
June 3 -
Joseph Sanberg was handed a 168-month prison sentence for two counts of wire fraud after the celebrity-backed ecofintech collapsed last year.
June 2 -
The order asks major AI companies to voluntarily give the government a preview of their latest models.
June 2 -
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.
June 2 -
The Department of Veterans Affairs will accept the legislatively-mandated partial-claim option soon and servicing systems must accommodate it by November 28th.
June 2 -
Reports show banks and the agencies that regulate them are both very vulnerable to fast-moving cyber attackers exploiting loopholes in computer systems.
June 2 -
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."
June 2



















