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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

Finally, views are sought for compliance with applicable laws and regulations, including those related to consumer protection. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services.

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Today’s Cyber Risk Management

Cisco

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. In between these events, a different crisis began in the US sub-prime lending market. The subsequent regulatory activity in response to these events focused on operational risks.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. In China, there is [an] ever-shifting gray line,” Chorzempa said.

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One City Plans To Run Entirely On Blockchain

PYMNTS

The company announced this week that it deployed a “blockchain-inspired” technology to manage collateral in its ledger and facilitate the sending of cash and securities. Last week, PYMNTS noted Gibraltar’s plans to introduce blockchain regulation into its financial services space. Governments’ Blockchain Moves.

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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

The labor market has also improved, with unemployment declining and job growth picking up. Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack.";

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Betting the Bank on Your IT Experts

Jack Henry

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state.

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4 AI Predictions for 2023: From the Great Correction to Practical AI

FICO

The stock market tanked, interest rates spiked and many thousands of people lost their jobs. In a letter to Alphabet management TCI provided a brief glimpse of the obvious: “Unfortunately, enthusiasm for self-driving cars has collapsed and competitors have exited the market.” Time to market. JessicaButalla@fico.com.