RBI says banks cannot outsource accountability for AI decisions and urges risk-based governance, oversight and customer ...

Real-time gross settlement systems (such as Fedwire, run by the Federal Reserve), post accounting entries for each payment on the central banks’ books — where each payment sent or received impacts the ...

A new study from King's Business School at King's College London and the Federal Reserve Board shows most credit-limit increases are automated, targeting borrowers already in debt. As shoppers across ...

(Bloomberg) — New York regulators have found evidence that Barclays Plc and Deutsche Bank AG may have used algorithms on their trading platforms to manipulate foreign- exchange rates, a person with ...

Algorithms are extremely clever at accurately processing huge quantities of information. But a recent problem with a bank loan is a disturbing look behind the curtain. Last week I applied for a ...

An automated cash transfer program in Jordan developed with significant financing from the World Bank is undermined by errors, discriminatory policies, and stereotypes about poverty. Many people in ...