Buyers are more ready for AI than brokers might expect, survey finds
Despite being in ‘top of the first inning’ with AI, a new survey shows just how far consumer trust in AI has come
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Your bank’s cyber insurance policies are a minefield of uncertainty
Key insight: The policies most community banks rely on for cyber liability, fidelity bonds and directors and officers insurance are full of overlapping exclusions, restrictive coverage sublimits and vague specifications. Supporting data: In a case decided in Minnesota in 2022, the insurer only paid the $100,000 social engineering sublimit on a $600,000 loss and denied…
As semis sell off, rattled investors should heed last millennium’s lesson from Cisco Systems
The market should recover its poise within the next few days, says Fundstrat’s Tom Lee.
How an alts platform won a technology award
00:00 That key service offering to be this bridge between the wealth channels and the alternative managers with this tech I think is really been uh really key. So having one sort of location that can be built custom for a wealth manager or on our marketplace that a provides that grounding big picture…
August jobs surge puts September Fed rate hike back on the table
The US economy regained its footing in August, adding 162,000 jobs and holding unemployment steady at 4.1%. That’s more than double Wall Street forecasts and enough to send Treasury yields surging on fresh expectations of a Federal Reserve rate increase at its September 15-16 policy meeting. The Bureau of Labor Statistics reported Friday…
Carney gets high marks on economy despite recession talk, poll says
By Erik Hertzberg and Mario Baker Ramirez (Bloomberg) — Canadians support Mark Carney’s approach to managing the economy, even though he’s presided over the worst first year of growth for a prime minister since at least 1963. A Nanos Research Group poll for Bloomberg News shows 60% of Canadians think Carney has done a very…
FCA Unveils New Rules to Slash Transaction Reporting Costs by £100m Annually | LeapRate
The UK’s Financial Conduct Authority (FCA) has finalised a set of rules aimed at making transaction reporting requirements simpler, smarter and more proportionate for firms, with the changes expected to save industry more than £100m a year. Transaction reports remain central to the FCA’s ability to detect market abuse, monitor market functioning and supervise firms….
