We take a look at the recently released Federal Reserve Board 2024 bank stress test scenarios, with an eye towards just how sensitive the stress tests are to disruptions and uncertainties created by …
Mastercard jumps into generative AI race
Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in its network detect and root out fraudulent transactions. The …
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Banking Sector Targeted in Open-Source Software Supply Chain Attacks
Checkmarx cybersecurity researchers discovered an open-source software supply chain campaign targeting the banking industry. The attackers created fake social media accounts to establish false …
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A.I. has a discrimination problem. In banking, the consequences can be severe
Artificial intelligence has a racial bias problem. From biometric identification systems that disproportionately misidentify the faces of Black people and minorities, to applications of voice …
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Will Banks Drive Blockchain’s AI Transformation?
Investment bank Goldman Sachs and Microsoft want to boost Web3 uptake on the Canton blockchain through artificial intelligence (AI). The duo joins traditional finance (TradFi) giants Deloitte, S&P …
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How Cryptocurrency Will Impact the Future of Money as We Know It
The creation of cryptocurrency has brought a revolution to the financial market. Without any physical equivalent, a huge infrastructure was created in which billions of dollars were invested. Of …
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Crypto firms scramble for banking partners as willing lenders dwindle
Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month, creating a risk their business will become concentrated in …
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Crypto.com Implements Additional Security Measures After $10M Technical Error
A Crypto.com customer accused of going on a $10 million spending spree with funds mistakenly credited to his account has been granted bail. The customer was arrested in February and charged with theft …
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Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase
The medium to long-term outlook for the cryptocurrency market has been “reinforced to the upside” following recent turmoil in the U.S. banking industry, Coinbase (COIN) said in a report Friday. …
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Signature Bank’s collapse spells trouble for cryptocurrency industry
Signature Bank, a New York based financial institution with deep ties to the cryptocurrency industry, collapsed over the weekend after depositors made a run on the bank, further roiling the digital …
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