Category «Financial System»

AI in Banking and Finance, April 15, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Tariffs, Trump and AI Are Changing Everything. Should My Portfolio Change Too? And what about my career? Or retirement plans? Three experts weigh in on how to adjust to uncertain times; In today’s hyperconnected financial landscape, identity is the new perimeter. And attackers know it; How Much Should We Spend to Reduce A.I.’s Existential Risk?; How Good is AI at Twisting Arms? Experiments in Debt Collection; Artificial Intelligence in Investment Banking Transforming Operations and Client Services; and The Transformative Role of Artificial Intelligence and Big Data in Banking.

Subjects: AI, AI in Banking and Finance, Economy, Financial System, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, April 5, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: What to Know About Trump’s Order to Phase Out Paper Checks; Apple faces $5 billion class action lawsuit over eBooks purchases; Why Encryption Matters for Your Data Backups (And How to Do It Easily); Texas’ AI-Powered Surveillance Arsenal Has Ballooned. Proposed Laws Provide Few Guardrails; and How to recognize and prevent deepfake scams.

Subjects: AI, Cryptocurrency, Cybercrime, Cybersecurity, Economy, Financial System, Privacy

AI in Finance and Banking – March 31, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: More than 200 Lloyds bank bosses to receive artificial intelligence training; How Much Should We Spend to Reduce A.I.’s Existential Risk?; China’s Central Bank Pushes for Artificial Intelligence Integration in Digital Finance; Why, what; and how financial services firms can be AI-First; and Euromoney report – AI in Banking.

Subjects: AI, AI in Banking and Finance, Economy, Financial System

AI in Finance and Banking, February 28, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Jobs Being Cut in Banking Industry – Bankers take note: AI could be your next coworker.; Intelligent Banking: A blueprint for creating value through AI-driven transformation; AI in financial services must be prioritised; 4 ways that AI and tech are reshaping finance. Why It Matters; and Artificial intelligence and relationship lending.

Subjects: AI in Banking and Finance, Economy, Financial System

Pete Recommends – Weekly highlights on cyber security issues, February 22, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Musk Ally Demands Admin Access to System That Lets Government Text the Public; How Phished Data Turns into Apple & Google Wallets; Identity is the Breaking Point—Get It Right or Zero Trust Fails; Chase Says Making Payments Over Social Media Is Too Messy, Will Block Zelle Transactions; and FTC Launches Inquiry into Big Tech Censorship Practices.

Subjects: AI, Communications, Cybercrime, Cybersecurity, Economy, Email Security, Encryption, Financial System, Legal Research

AI in Finance and Banking, February 17, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Four highlights from this post: AI and Women’s Employment in Europe; Digital Innovations for Increasing Financial Inclusion: CBDC, Cryptocurrency, Embedded finance, Artificial Intelligence, WaaS, Fintech, Bigtech, and DeFi; 2025 Global Outlook for Banking and Financial Markets; and AI in Finance Summit New York, April 15-16, 2025.

Subjects: AI in Banking and Finance, Cryptocurrency, Economy, Financial System

Climate and DEI Deleted From Government Websites, Federal Workers Fired, Colleges Erase Programs, Law Firms Blackballed, Holocaust Erased, Science Research Curtailed

Since January 20, 2025 America has been catapulted into an unimaginable inflection point. Sabrina I. Pacifici chronicles ongoing seismic events that have upended America’s democracy, jeopardized our economy, financial system, national security, science and medical communities, and fractured our national identity, at home and around the world. This is a commentary, and a guide written by a law librarian and former federal employee who was the target of a similar purge by Trump in 2018, to what and who has been targeted and purged, an overview of the process used to do so, and a perspective on the impact of these sweeping, deeply damaging and likely illegal actions.

Subjects: Climate Change, Constitutional Law, CRS Reports, Cybercrime, Cybersecurity, Digital Archives, Economy, Education, Ethics, Financial System, Government Resources, Healthcare, Legal Research, Privacy, United States Law

Career civil service across the government fired, programs suspended – list continues to grow

Democracy, the Constitution, the Federal Government – All At Risk. Since his inauguration on January 20, 2025 Donald Trump has rapidly implemented key recommendations of Project 2025 using actions executed by non career government personnel as well conservative public policy think tank members to create chaos, instill fear in the workforce, and freeze the delivery of health and medical services, food and nutrition programs, critical scientific and medical research, and the security of our homeland. In light of the ongoing issuance of directives, orders, firings, freezes to government funding, immigration raids, threats of action against specific groups and communities, and the list goes on, this report by Sabrina I. Pacifici will be published in several parts, with updates added to include new documents, actions by courts and Congress, and additional details on programs impacted.

Subjects: Congress, CRS Reports, Economy, Financial System, Government Resources, Leadership, Legal Research, Management, Telecommuting

Pete Recommends – Weekly highlights on cyber security issues, January 18, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Apps That Are Spying on Your Location; AI-supported spear phishing fools more than 50% of targets; Multi-Factor Authentication (MFA), once celebrated as an unbreakable defense, is crumbling under the weight of its outdated technology; NSA Warns iPhone And Android Users – Disable Location Tracking; and Chinese Innovations Spawn Wave of Toll Phishing Via SMS.

Subjects: AI, Cybercrime, Email Security, Financial System, Privacy