Banking and tech experts gath- ered at the ENGAGE Dubai event to explore how banks can apply Artificial Intelligence (AI) to take banking to the next generation in terms of modernisation, cus-tomer experiences and inclusivity. Banks around the world are actively leveraging AI to enhance customer-facing chatbots, prevent fraud, and streamline processes like regulatory reporting
Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the
By WILL WEISSERT, Associated Press WASHINGTON — President Donald Trump took office in January pledging to “make America the crypto capital of the world.” He has since harnessed wide swaths of the federal government to bolster the industry — all while raking in huge sums of money for his family’s business. By some estimates, crypto
Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
June 19 (UPI) — The Department of Justice has filed a civil forfeiture complaint to seize $225.3 million for victims involved in cryptocurrency scams. The complaint, filed Wednesday, alleges that the cryptocurrency addresses that held over $225.3 million were part of a sophisticated blockchain-based money laundering network. “Civil forfeiture complaint is the latest action taken
Open banking isn’t just a regulatory shift – it’s a generational opportunity. For the UK, one of the most digitally connected economies in the world, it offers a pathway to make managing money simpler, smarter, and more rewarding. It holds the promise for consumers to move money instantly, access better financial tools, switch providers effortlessly,
In today’s financial world, trust is more than a virtue, it’s a currency. As global banking continues to evolve under the weight of new regulations, data transparency mandates, and geopolitical uncertainty, clients across the world are seeking something increasingly rare: institutions that can both protect their financial privacy and comply with international standards. Belize, quietly
Citizens has spent more than two years working on its open banking strategy.Alex Kent/Bloomberg The Trump administration is doing away with a regulation designed to promote data sharing between banks and third parties. But for Citizens Financial, the move isn’t hindering its bullishness on the broader concept. “This doesn’t change our strategy,” Eric McCabe, Citizens’
NEW YORK (AP) — A man who says he was kidnapped by two crypto investors for his Bitcoin was seen in photos and videos “laughing and smiling” and moving about Manhattan freely during the days he claimed he was held captive and tortured, lawyers for the two suspects said in court Wednesday. William Duplessie, 32,
In a session dubbed “The CTO Playbook,” Bressler told audience members that he considers the use of AI as a form of “empowerment” and “protection.” “What we need to understand is that AI is not some experience at the end of the day … it is a predictive analyst,” he said. “But everything, as you