Banks strain to satisfy competing AML, data protection rules
Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.]]
View ArticleMiami vice: This bank's using AI to thwart financial crime
Bci Miami is one of the first banks in the U.S. to publicly acknowledge using AI this way, when many still consider the technology to be new, risky and unsanctioned by regulators. ]]
View ArticleCFPB catches flak from banks, credit unions on risks of AI
Executives urged the consumer bureau at a public meeting to keep a closer eye on artificial intelligence innovations developed by fintech firms that are subject to less regulation.]]
View ArticleCan AI help banks handle Venezuelan sanctions?
Many U.S. banks, especially in Florida, are struggling to comply with U.S. sanctions against the Maduro regime. Some argue artificial intelligence can make it easier to distinguish between legitimate...
View ArticlePayPal-backed blockchain aims to help banks verify digital IDs
A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.]]
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