Banking

As gasoline and food costs continue to rise, UK inflation reached a fresh 40-year high in June, according to official figures released on July 20th. According to a statement from the Office for National Statistics, the Consumer Price Index...

A public awareness media campaign has been launched by the ABA and collaborating ABA member banks to aid in defending clients against the rising threat of frauds. When making payments through online and mobile banking, users are urged to...

Bank of America Corp. was fined $225 million by federal regulators for improperly processing the disbursement of unemployment benefits and other state assistance during the height of the pandemic. Customers who were improperly denied access to their unemployment benefits were...

Australia announced that it would evaluate its central bank, including whether the emphasis on inflation targeting is appropriate, after authorities came under fire for acting too slowly in the face of escalating pricing pressure. The Reserve Bank of Australia...

There is technology everywhere. What could be more obvious? One has likely heard this a million times. Within the last ten years, new technology has completely altered every aspect of human life, from travel to discovering a new sushi...

Banks have had trouble luring IT talent over the past several years due to a national labour shortage that has been made worse by the pandemic and the "big resignation tsunami," according to Poorani Jeyasekar, director at consulting and...

According to Joe Sergienko, Berkley Research Group's managing director, banks need to ensure they can appropriately explain and supervise the models they deploy, especially if they are cooperating with a supplier, as authorities focus on how lenders are using AI...