risk management

Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
October 17, 2024  |  artificial intelligence

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by...

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NYDFS Issues Guidance for Combatting AI-Enabled Cybersecurity Risks
NYDFS Issues Guidance for Combatting AI-Enabled Cybersecurity Risks
October 16, 2024  |  Cybersecurity

The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence...

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Synchrony Says Digital Mix Delivering Against Consumer Demand for Choice, Flexibility
Synchrony Says Digital Mix Delivering Against Consumer Demand for Choice, Flexibility
October 16, 2024  |  Earnings

In uncertain times, certainty pays off. And in uncertain times, many consumers tend to look for certainty in the financing options they have available to...

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Why So Many Mid-Sized Banks Fail the Digital Lending Readiness Test
Why So Many Mid-Sized Banks Fail the Digital Lending Readiness Test
October 16, 2024  |  Digital-First Banking

Mid-sized financial institutions (FIs) — including community banks, regional banks, and credit unions — face growing challenges in automating their lending processes. This is particularly...

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Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs
Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs
October 11, 2024  |  Regulation

A federal regulatory framework for nonbank payment service providers is needed to reduce risks and promote innovation, Nellie Liang, under secretary for domestic finance at...

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Citi Hits Snag With China Plans as Regulators Flag Data Issue
Citi Hits Snag With China Plans as Regulators Flag Data Issue
September 23, 2024  |  Banking

Citi’s plan to expand in China has reportedly hit a regulatory bump in America. The trouble stems from a penalty levied by the Federal Reserve against the banking...

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PayPal Increases Investment in Blockchain Risk Management Firm Chaos Labs
PayPal Increases Investment in Blockchain Risk Management Firm Chaos Labs
September 20, 2024  |  Investments

PayPal Ventures has announced an additional investment in Chaos Labs, a company providing blockchain risk management. A Friday (Sept. 20) press release announcing the move...

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NASA’s Supply Chain Issues Put Spotlight on B2B Vendor Risk
NASA’s Supply Chain Issues Put Spotlight on B2B Vendor Risk
September 18, 2024  |  Supply Chain

NASA operates one of the most complex supply chains in the world. Its procurement processes span numerous industries, ranging from aerospace and electronics to materials...

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Oracle Launches Financial Crime and Compliance Management Service
Oracle Launches Financial Crime and Compliance Management Service
September 17, 2024  |  Security & Fraud

Oracle has launched a new service designed to help banks, FinTechs and other financial services companies identify potential financial crime and compliance issues and reduce...

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