Banking watchdogs are reportedly ramping up efforts to control increasing risks from artificial intelligence (AI). This heightened oversight is being driven in part by the threat of cyberattacks on banks or rogue AI agents hindering financial stability, Reuters reported Tuesday (Oct. 13), citing sources familiar...
Citi aims to submit an internal audit to banking regulators by the first quarter of 2027, if not earlier, in hopes that the regulators will lift the consent orders the bank has been operating under since 2020, Reuters reported Monday (Oct. 12), citing unnamed sources....
Compliance remains labor-intensive for financial institutions, which must satisfy multiple regulators and meet extensive documentation requirements. Leela is built to perform much of that work rather than simply provide information. The company is launching with $4.6 million in funding and an AI platform designed to...
Watch more: The Digital Shift With Operation Shamrock’s Erin West The morning before she spoke with PYMNTS CEO Karen Webster, Erin West took a call from a man in Arizona who had lost $4.5 million to an investment scam. He’d done everything a victim is...
October 12, 2026
Compliance remains labor-intensive for financial institutions, which must satisfy multiple regulators and meet extensive documentation requirements. Leela is built to perform much of that work rather than simply provide information. The company is launching with $4.6 million in funding and an AI platform designed to execute compliance tasks while keeping humans responsible for consequential decisions. […]
September 28, 2026
Watch more: The Digital Shift With Operation Shamrock’s Erin West The morning before she spoke with PYMNTS CEO Karen Webster, Erin West took a call from a man in Arizona...
September 17, 2026
Watch more: Digital Shift With Flagright’s Chris Phillips Financial institutions have spent years stalking the risks and opportunities that artificial intelligence brings to their security-critical space. Then came AI agents....
August 24, 2026
A stablecoin may pass through several wallets and intermediaries before someone tries to turn it back into dollars. Federal regulators now have to decide which of those relationships requires someone...
October 27, 2026
British regulators are reportedly reviewing Revolut’s process for approving new products. The Bank of England’s Prudential Regulation Authority (PRA) issued what is known as a section 166 earlier this year to investigate risks surrounding the speed of Revolut’s product launches, the Financial Times (FT) reported Tuesday (Oct. 27). The report, citing sources familiar with the […]
October 13, 2026
Banking watchdogs are reportedly ramping up efforts to control increasing risks from artificial intelligence (AI). This heightened oversight is being driven in part by the threat of cyberattacks on banks...
October 12, 2026
Citi aims to submit an internal audit to banking regulators by the first quarter of 2027, if not earlier, in hopes that the regulators will lift the consent orders the...
September 21, 2026
The Office of the Comptroller of the Currency (OCC) said in a bulletin released Monday (Sept. 21) that it updated the structure and references of the OCC Cybersecurity Supervision Work...
