July 24, 2024
On the Antitrust Implications of Embedding Generative AI in Core...
Since the rise of ChatGPT, digital gatekeepers have integrated generative AI into their core services, potentially exacerbating harms from anti-competitive behaviors. Generative AI enables these platforms to repurpose content from...
July 24, 2024
Generative AI Partnerships: Separating Good from Bad
Generative AI promises to reshape the digital world. Just under 20 months after this technology was officially announced with the launch of ChatGPT, the potential for this technology to bring...
July 24, 2024
Artificial Intelligence: A New Dimension for Competition?
The emergence of artificial intelligence technology will create new challenges for competition law. This article delves into the emerging intersection of AI regulation and competition law. It begins by providing...
July 23, 2024
Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
It’s earnings season for America’s biggest financial services companies and institutions. So far, the common theme has been a softening of consumer credit and mixed signals around corporate spending. But...
July 23, 2024
DraftKings Bringing Online Sportsbook to Washington DC
DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation’s capital its 29th North American market,...
July 23, 2024
EU Launches Delivery Hero and Glovo Antitrust Investigation
Delivery Hero and its Spanish unit Glovo are under investigation by Europe’s antitrust watchdog. The European Commission (EC) announced Tuesday (July 23) that it will probe whether the relationship between the two online food delivery companies violates...
July 22, 2024
Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny...
Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny on anti-money laundering (AML) efforts....
July 22, 2024
Truist Says Digital Onboarding Key to 42% Deposit Growth
Across today’s banking landscape, the phrase “higher for longer” isn’t just being applied to interest rate commentary. According to executives on Truist Financial Corporation’s second-quarter 2024 earnings call Monday (July...
July 22, 2024
Fending Off Fraud in Digital Banking
Fraud’s continued predation of digital banking has been nothing short of alarming. Financial institutions (FIs) are exhausting millions in a determined bid to stay one step ahead, with trust, money...