CaixaBank, the largest bank in Spain, and Microsoft, announce the launch of an innovation laboratory to accelerate the creation of Artificial Intelligence-based solutions for financial services and to create innovative work environments in the metaverse.
Financial technology leader FIS today announced the first in a new series of solutions developed in partnership with C3 AI to help capital markets firms tap into the power of their organizational data to increase efficiency and better manage regulatory compliance and risk.
It is easy to see why, in the context of the UK, such a law may be needed. Of the more than 460,000 Suspicious Activity Reports sent by UK banks to the UK Financial Intelligence Unit in recent years for suspicious transactions, the government’s Law Commission concluded that many were of “low-quality” and that many banks had a poor understanding of their reporting obligations, reporting less to assist the authorities than to avoid a law suit.
This whole pandemic showed the strength of banks’ back office, the strength of their technology, the strength of digitzation, the strength of the fact that we can put traders, bankers, ops people, call centers, all at home working effectively. Jamie Dimon
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