The use of AI in finance was a hot topic at this year’s Sibos conference as banks discussed how AI could change the way financial services are delivered and consumed and, more importantly, how its data is managed. Using large language models (LLMs) to improve efficiency, improve customer service, and improve decision-making has been part … Read more
A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. As CFOs navigate an increasingly complex and interconnected world, understanding how to effectively use data can be a game-changer in mitigating risk and protecting financial institutions. According to … Read more
Ally, an online financial services company with a popular bank, is facing two lawsuits after a data breach may have exposed customers’ personal information. One complaint alleges thousands of people were affected, while another claims that “billions” of items of personally identifiable information (PII) — including Social Security numbers — were exposed. In a Tuesday … Read more