There exists a nuanced spectrum in orchestrating and nurturing bank-fintech collaborations. This complex landscape necessitates a keen understanding of pivotal factors and methodologies imperative for sustaining these relationships, irrespective of their objectives or frameworks.

In a rigorous examination, 109 regulated banks underwent a stress test simulating a hypothetical cyber onslaught that incapacitated their pivotal IT frameworks. Among these, 28 institutions faced an intensified evaluation, requiring them to provide supplementary data on their strategies for confronting the digital assault.

The Federal Trade Commission is investigating how companies like Mastercard and JPMorgan Chase use AI and personal data to set different prices for people.

Source: Global Relay

Global Relay, the leading provider of communications compliance solutions for regulated industries, announces its integration between OpenAI’s ChatGPT Enterprise Compliance API and Global Relay’s financial compliance platform.

A recent update from cybersecurity firm CrowdStrike caused a significant disruption to banks and payment systems globally, leading to widespread outages and operational challenges. This unexpected glitch in the update affected Microsoft's infrastructure, resulting in downtime for several key financial services and payment processors that rely heavily on Microsoft's cloud services.

A new bill introduced in Congress seeks to strengthen cybersecurity in the healthcare sector by mandating collaboration between the Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Health and Human Services (HHS).

Citi has been fined $135.6 million by US regulators for insufficient progress in addressing risk management and data governance issues. The Office of the Comptroller of the Currency (OCC) fined Citi $75 million and amended its previous cease and desist order, while the Federal Reserve Board added a $60.6 million fine for violations of a 2020 enforcement action.