The world’s central banks are wary of artificial intelligence amid concern that AI-driven behavior could “accelerate future crises,” according to a survey by the Official Monetary and Financial Institutions Forum. “AI helps us see more, but decisions must remain with people,” one participant was quoted as saying in the report from a working group of…

PYMNTS reports that a regulatory push on bank leverage and capital rules could impact fintech-bank partnerships. The Federal Deposit Insurance Corp.’s November 25th board agenda details a proposed overhaul of the community leverage bank ratio and a final rule on enhanced supplementary leverage ratio and total loss-absorbing capacity standards for global systemically important banks.

Apple has cut dozens of jobs within its sales organization as part of a restructuring effort aimed at streamlining how it sells to businesses, schools, and government agencies. Employees were informed over recent weeks, though Apple didn’t disclose the exact number of roles eliminated. The cuts affected account managers, briefing center staff, and even longtime…

A cyberattack on tech vendor SitusAMC may have exposed client data for JPMorgan Chase, Citi, Morgan Stanley, and others, the New York Times has reported. The November 12 breach affected corporate data including accounting documents and legal contracts. SitusAMC CEO Michael Franco said customer data may also have been impacted, but the breach did not…

A global survey of 213 internal audit leaders by AuditBoard has revealed the profession is under acute strain, challenged by stagnant resources, the rapid rise of AI, and a persistent identity crisis. Despite the belief that AI will transform internal audit within five years, only 28% of leaders feel confident in their teams’ ability to…

A report by Omega Systems reveals that 53% of chief financial officers in the financial services sector view keeping up with evolving cybersecurity regulations as a top concern, but many firms are hindered by legacy systems, limited budgets, and slow breach response times. Half still rely on outdated or on-premise infrastructure, and over one-third admit…