banking sector

The banking sector is the part of the economy comprising institutions that accept deposits and provide loans and other financial services. It includes commercial banks, investment banks, and other financial firms that facilitate monetary transactions and credit.

Why it’s in the news: It is in the news due to regulatory scrutiny over its use of artificial intelligence, expansion by fintech companies, and disputes over new capital regulations.

Latest on banking sector

• Australian regulator to review banking sector AI use and customer impacts
• Movemint expands to banking sector
• Banking Sector Unhappy With EU Updates to Capital Regulations
• eToro Weighs Payments-Focused Expansion Into Banking Sector
• The requirement reflects broader adoption of AI technologies across the banking sector as financial institutions integrate the tools into their operations.
• The banking sector is at risk of being beholden to a limited number of AI vendors according to rating agency Moody's.
• This industry-wide initiative responds to emerging risks posed by advanced artificial intelligence technologies.
• The taskforce will work to strengthen collective cyber and technology resilience across Singapore's banking sector.
• The banking sector benefited from improved market conditions tied to shifting monetary policy expectations.
• The banking sector is automating its way to parity, not dominance
• Voice AI collapses that. A customer calls, the model responds, and somewhere between intent and execution, the interaction either gets logged perfectly or becomes a liability no one fully owns.
• The Federal Reserve and OCC have already signaled that AI governance isn't optional anymore — it's a safety and soundness issue

Connections

21 entities linked to banking sector across the news graph.