Payments Dive: AI increases fraud risk, fintechs say
Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
CIO Dive: Citi taps Google Cloud for app migration, AI adoption
Citi announced a multiyear modernization partnership with Google Cloud Monday.
Finextra: Bank of England presses on with retail CBDC to plug bank innovation gap
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
TechCrunch: Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out
Meta’s AI chief says world models are key to ‘human-level AI’ — but it might be 10 years out.
Finextra: Banks urged to act now to avoid future quantum catastrophe
Banks urged to act now to avoid future quantum catastrophe.
Cybersecurity Dive: Majority of global CISOs want to split roles as regulatory burdens grow
More than 4 in 5 CISOs believe their role needs to be split into two separate positions.
TechRepublic: Generative AI in Security: Risks and Mitigation Strategies
Certain risks are more likely to emerge with generative AI than with traditional systems.
efinancialcareers: A day in the life of an applied AI engineer at hedge fund Balyasny
Ever wonder how an AI engineer spends his days?
CIO: Weighing the risks of moving too fast with gen AI
When it comes to AI, the fear of missing out is real.
Finextra: Ecommerce fraud to exceed $100bn by 2029
A study from Juniper Research found that the money lost to online fraud will rise from $44bn in 2024 to $107bn in 2029, an increase of 141%.