The Securities Exchange Commission is setting stricter guidelines on how financial institutions deal with data breaches as cyberattacks climb.  The SEC proposed amendments to its “Privacy of Consumer Financial Information and Safeguarding Customer Information” regulation, implemented in 2000, according to a May 15 fact sheet from the commission. The federal watchdog is looking to implement…

JPMorgan Chase & Co. is immersing every new banking employee in artificial-intelligence training, preparing them for a technology Chief Executive Officer Jamie Dimon has likened to the impact of the printing press and steam engine. “This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” Mary…

I’ve been thinking about the dangers of AI a lot lately, especially how deep fake scams could convince people to invest in markets endorsed by fake celebrities. So, when discussing this, a member of the audience asked me if the regulators are prepared for this wave of disruption and I said ‘no’. Regulators can only……

Things we’re reading today include … More than 6,000 UK bank branches now gone in nine years of ‘disastrous’ closures | The Guardian Brutal bank closures leave millions stranded in banking deserts – Mirror Online DWP says bank account monitoring test found 60,000 benefit claimants were breaching rules (gbnews.com) Russian court seizes assets of Deutsche……

This week’s main blog discussions include … What would Taylor Swift’s bank look like? Trust and money and day-to-day life go hand-in-hand. It’s all about who you deal with, how and the outcomes. Recently, I’ve lost trust with Apple, my bank, my friend and my brother. That’s pretty sad, isn’t it? But who do I……

Southside Bank is looking to Jack Henry’s Enterprise Workflow solution to automate tasks, freeing up human resources and sparking innovation.  After one year of using the solution, the $8.35 billion, Tyler, Texas-based bank had more than 15 automated workflows in production at the end of 2023, Executive Vice President of IT Operations Keith Leonhardt told…

Trust and money and day-to-day life go hand-in-hand. It’s all about who you deal with, how and the outcomes. Recently, I’ve lost trust with Apple, my bank, my friend and my brother. That’s pretty sad, isn’t it? But who do I trust? David Bowie. David Bowie, RIP. Artist, music man, alien and hero. He was……

Trust and money and day-to-day life go hand-in-hand. It’s all about who you deal with, how and the outcomes. Recently, I’ve lost trust with Apple, my bank, my friend and my brother. That’s pretty sad, isn’t it? But who do I trust? David Bowie. David Bowie, RIP. Artist, music man, alien and hero. He was……

Trust and money and day-to-day life go hand-in-hand. It’s all about who you deal with, how and the outcomes. Recently, I’ve lost trust with Apple, my bank, my friend and my brother. That’s pretty sad, isn’t it? But who do I trust? David Bowie. David Bowie, RIP. Artist, music man, alien and hero. He was……

Trust and money and day-to-day life go hand-in-hand. It’s all about who you deal with, how and the outcomes. Recently, I’ve lost trust with Apple, my bank, my friend and my brother. That’s pretty sad, isn’t it? But who do I trust? David Bowie. David Bowie, RIP. Artist, music man, alien and hero. He was……