Financial Services
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How Financial Institutions Are Adopting Artificial Intelligence Amid Evolving Market Governance
Examining the regulatory frameworks and organizational practices guiding artificial intelligence adoption across global financial institutions.
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FSB Finalizes AI Governance Rules, Adding Compliance Costs to Tech Firms’ Capex Burden
New Financial Stability Board standards force financial institutions to overhaul AI risk frameworks, adding a layer of compliance…
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JPMorgan Chase Flags Model Risk and Data Security as Core AI Adoption Challenges
As the bank expands AI use internally and finances AI-driven firms, it identifies model risk, data security, and…
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Mobile Money Outage Stalls Uganda’s Financial Pulse
KAMPALA, July 7 — A weekend outage of mobile money services in Uganda disrupted transactions across the country,…
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Lloyds Faces Ombudsman Test After Closing 134-Year-Old Club’s Account
LONDON, July 2 — The shift is unmistakable. Britain’s new rules on debanking are about to face their…
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VEON and Mastercard Partnership Targets Secure Mobile Financial Access
For millions of people in developing countries, a mobile phone is already their bank vault, their payment terminal,…
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London startup secures $27 million to replace spreadsheets in wealth management
Spreadsheets. For decades, that has been the tool of choice for the armies of analysts keeping wealthy clients’…
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True Expands Banking Footprint, Names Jeremy Zeman as Head
NEW YORK, June 23 — True has expanded its financial services footprint with the appointment of Jeremy Zeman…
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True Names Jeremy Zeman Head of Consumer and Commercial Banking in New York
Jeremy Zeman steps into a job that True clearly believes is central to its future. The company named…
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Motilal Oswal maintains ‘Buy’ on Cummins India, citing Powergen demand strength
MUMBAI — Motilal Oswal Financial Services sees Cummins India Ltd. stock climbing past Rs 6,600, a 17% gain…
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Ant Financial Seeks Digital Banking License in Singapore Market
Ant Financial, the Chinese payments company recognized as the world’s most valuable financial technology firm, has submitted an…
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Deutsche Bank Shifts Focus from Wall Street to German Firms
On 22 August 2019, chief executive Christian Sewing disclosed a major strategic realignment for Deutsche Bank, moving away…
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