Cognitive bank/telco partnerships: How GenAI and AI supercharge success
The Convergence of Communication and Financial Services: A New Era As technological advances continue to drive change in various industries, a remarkable convergence is taking shape in the world of communication and financial services. Banks and telecommunications companies (telcos) are exploring innovative ways to merge their services, creating a new model that leverages the strengths […]
Bank of America fires up generative AI payments assistant
Bank of America Harnesses Generative AI with AskGPS As the financial sector continues to embrace the capabilities of generative AI to streamline processes, Bank of America stands out for its commitment to innovation and technology investments. The firm recently introduced AskGPS, a generative AI-powered knowledge management assistant for its Global Payments Solutions division. AskGPS is […]
Jefferies says First Brands losses can be absorbed
Jefferies Responds to Concerns Over Its Relationship with Bankrupt First Brands Group To address concerns surrounding its relationship with the bankrupt automotive parts supplier, First Brands Group, Jefferies, a Wall Street bank, has put forth an open letter. This letter, penned by top executives, aims to assure stakeholders that the investment bank is robust enough […]
Xinja pair first to be sanctioned under FAR
APRA Disqualifies Former Xinja Bank Executives In a landmark move by the Australian Prudential Regulation Authority (APRA), two former executives of Xinja Bank have been disqualified from being or acting as accountable persons of any authorised deposit-taking institution under the Financial Accountability Regime. This significant decision marks APRA’s first enforcement action under the Financial Accountability […]
Bank Policy & Advisory Compliance Officer, Assistant Vice President
