Banks told to expand risk management to cover AI
A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.
A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.
BBVA is replacing traditional interviews with ‘datathons’ to test the ability of potential young recruits as it bids to hire a total of 2000 advanced analysts by the end of 2021, 800 of which will be data scientists.
Digital wealth management startup Exo Investing is launching in the UK, promising to give private investors access to the sophisticated AI-powered technology that until now has been the preserve of institutional and ultra high net worth clients.
President Donald Trump agreed to delay 25% tariffs against Mexico for one month after a conversation with his counterpart Claudia…
Swiss banking firm Credit Suisse has named former Goldman Sachs tech exec as chief technology and operations officer.
British savings and investment app Moneybox has raised £30 million in a Series C funding round led by Eight Roads and CNP and joined by Breega.
UK bank Standard Chartered has bolstered its data analytics capabilities with the appointment of former HSBC executive Yusuf Demiral.
SameDay Auto Finance expects originations to rise in the second quarter after a deliberate slowdown earlier this year to prioritize…
Shares in stablecoin issuer Circle soared by more than 150% on its New York Stock Exchange debut.
Finextra launches its inaugural Next:Gen AI event on 26 November 2024. Join us in London to help redefine what’s possible.
Hong Kong’s financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.
In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.
UBS has joined forces with Cern, the Swiss Government and non-profit foundation Gesda to fund experiments in quantum computing aimed at achieving UN Sustainable Development Goals.
Liquido, a next generation payments company for Latin America has emerged from stealth and launched publicly with $26M from Index Ventures.
Amid reports of a potential merger, automakers Honda Motor Company and Nissan Motor Corp. issued very similar statements today stating…