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The Financial Industry Regulatory Authority (FINRA) reported that member firms’ use of generative artificial intelligence (AI) is outpacing the controls, documentation and supervisory frameworks needed to manage the technology’s risks, based on examination findings detailed in its Annual Regulatory Oversight Report.
The findings, drawn from FINRA’s regulatory programs, show uneven...
An investment scam allegedly took $14 million from retail investors by connecting with them on social media and convincing them to fund accounts on fake crypto asset trading platforms.
The Securities and Exchange Commission (SEC) outlined the scam in a Monday (Dec. 22) press release announcing that it filed charges against three purported crypto asset trading platforms and four so-...
From new multimodal artificial intelligence (AI) models to immersive storytelling spaces and agent-driven enterprise tools, Big Tech’s latest moves show AI becoming the connective tissue across products, experiences and business operations.
Meta Prepares Mango and Avocado to Expand Its AI Arsenal
Meta is developing a new image and video generation model code-named Mango alongside a new...
The financial sector’s honeymoon phase with centralized, cloud-based artificial intelligence (AI) is meeting a hard reality: The speed of a fiber-optic cable isn’t always fast enough.
For payments, fraud detection and identity verification, the milliseconds lost in “round-tripping” data to a distant server represent more than just lag — they are a structural vulnerability. As the...
Insurance company Aflac said personal information associated with 22.65 million people was impacted by a cybersecurity incident within its U.S. business that the company reported in June.
The company determined the number of affected people after reviewing the potentially impacted files, it said in a Friday (Dec. 19) press release.
“Following detection of the security incident, Aflac...
Holiday shoppers are willing to spend but are looking for value, Tanger CEO Stephen Yalof told CNBC Tuesday (Dec. 23).
Retailers at Tanger’s outlet centers are catering to this demand with promotions and are gaining traffic and sales, Yalof said, according to a CNBC report.
“Retailers are discounting to meet the consumer, and the consumer is responding by shopping,” Yalof said, per the...
Who could’ve predicted the run that prediction markets have had in 2025?
These novel platforms, which let participants trade contracts tied to the outcomes of real-world events, entered a decisive phase of commercial and regulatory expansion over the past year. Formerly forced offshore, 2025 saw an influx of U.S.-accessible platforms take advantage of the fact that prediction markets,...
Artificial intelligence (AI) solution provider Seekr and Wayne, Pennsylvania-headquartered regional accounting firm Stephano Slack have partnered to build AI agents for financial auditing and advisory services.
The collaboration started with advanced 401(k) plan auditing and financial data extraction, and it will grow across other core advisory and audit workflows, the companies said...
Trade finance platform Olea Global has raised $30 million in new funding.
The company’s Series A round, announced by the Singapore-based startup last week, was led by BBVA and will help Olea invest in artificial intelligence (AI) driven analytics, Web3 readiness and expertise in areas such as embedded finance.
‘This funding marks an important milestone in Olea’s journey,” Amelia Ng,...
The U.S. Education Department is set to resume garnishing wages from student loan borrowers in default.
The practice, put on hold during the pandemic, will resume early next year, according to multiple news accounts Tuesday (Dec. 23).
“We expect the first notices to be sent to approximately 1,000 defaulted borrowers the week of Jan. 7,” a department spokesperson told NPR, adding that...