Risk Management

The integration of artificial intelligence (AI) into the financial industry has brought a significant transformation to banking and financial services. From tackling fraud and improving operational efficiency to supporting financial advisors and enhancing customer service, AI is revolutionizing

The rapid surge in collaborations between banks and fintech companies has drawn significant attention from U.S. financial regulators. With an increasing emphasis on ensuring financial stability and consumer protections, regulatory bodies such as the Federal Reserve System (FRB), Federal Deposit

The United States Federal Reserve recently issued a cease-and-desist order against United Texas Bank, highlighting major deficiencies in the bank's risk management systems and cryptocurrency dealings. This order underscores growing concerns from regulators about financial institutions

The global financial landscape has evolved significantly since the Global Financial Crisis (GFC) of 2007-2008, leading to the proliferation of non-bank financial intermediaries, collectively referred to as "shadow banks." As regulations tightened around traditional banks, these shadow

The financial industry is at the cusp of a significant transformation, driven by Generative AI (GenAI), which is rapidly becoming a crucial tool in the fight against modern financial frauds and crimes. The article by Ellen Roberson delves into the innovative applications of GenAI, highlighting

Bank of America (BoA) recently faced a corporate culture crisis, bringing to light critical disconnections between business metrics and ethical responsibilities. This misalignment severely impacted employee well-being and raised concerns about the firm’s long-term sustainability. Insights from c