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Artificial Intelligence

More than half of consumers have become more concerned about fraud since Covid-19
Nearly two thirds believe their bank to be in a strong position, survey shows
Digital Dollar Project to launch at least five pilot programs over the next 12 months, funded by Accenture
From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems
The pandemic greatly accelerated the technology shift as customers were largely unable or not willing to visit branches in-person
Digital banking services are allowing smaller banks to challenge for market share
Trade body concerned about approval standards being compromised
Since its inception, cryptocurrency has had a dubious reputation
OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders
The E-Sign Act was signed into law over two decades ago
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