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Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.
The digital banking shift, digital payments, cryptocurrencies and artificial intelligence (AI) are critical factors behind escalating global financial crime compliance costs that exceed $200 billion. Those are among the findings in LexisNexis Risk Solutions’ True Cost of Financial Crime Compliance Study for 2023.
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Artificial Intelligence (AI) will foster the most change of any technology Ravi Subramanian has seen in his 25 years in finance because it allows visionaries to dream big.
Fintech Galileo announced an expansion into five new regional markets, driven by an alliance with Mastercard.
A look behind the numbers in AU10TIX’s Q2 2023 Global Identity Fraud Report gives clear insight into the mind of the professional fraudster. The report analyzed millions of global transactions from April through June 2023 to identify industry-specific patterns.
SoFi reported their financial results for Q3 2023 and showed considerable improvements across all areas of their business.
A new report from Trustwave SpiderLabs provides a rich description of the myriad of threats facing financial services companies. 2023 Financial Services Sector Threat Landscape covers prominent threat actors and tactics, breaks down the financial services attack flow into steps, and covers several common hacker entry points.
As Banking-as-a-Service develops into Embedded Finance, who holds the responsibility of compliance gets decidedly murky.
Despite a stay, 1071 is expected to be implemented. Banks may need to rethink their approach to data processing.
Brazilian neobank Nubank reached 90 million customers in Latin America and reported a surge in profits in Q3.