9 articles
The Office of the Comptroller of the Currency (OCC) has issued a supervisory framework designed to support the regulator’s examiners when they evaluate banks’ use of artificial intelligence and agentic…
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…
FinTech company Sezzle has begun the formal charter application process to establish a national bank that would offer a broad range of banking products and services, the company said in a…
Finance platform Ramp aims to form a national trust bank that would offer fiduciary investment management and custody of digital assets, the company said in a Monday (Oct. 19) post on X. Ramp submitted an application…
Federal regulators said some of the largest banks in the United States allowed political concerns to shape who received services. The Office of the Comptroller of the Currency released a…
Three federal agencies have imposed penalties totaling more than $1.21 billion on Bank of America, alleging that the bank violated anti-money laundering and sanctions laws, according to a Tuesday (Oct. 13) press…
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…
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…
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.…
