FSOC approach to nonbanks unlikely to change under Trump
The incoming Trump administration is expected to prioritize an activities-based oversight approach to nonbank entities, just as the Biden administration has. It may also leave its designation power intact, but unused.
Inside BNY’s plans to upgrade Eliza, its generative AI platform
The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
Truist commits $725 million to help Western N.C. rebuild after Helene
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
Finastra client files stolen in data breach
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.