by Ken Chase | May 16, 2023 | Financial, News, Uncategorized
With negotiations on the U.S. debt ceiling crisis seemingly in limbo, JPMorgan Chase is conducting weekly meetings to address the crisis. JPMorgan Chase CEO Jamie Dimon told Reuters that the bank’s “war room” could move to daily meetings if officials fail to find a...
by Ken Chase | May 1, 2023 | Banks, News, Uncategorized
After a weekend of frantic negotiations, U.S. regulators seized First Republic Bank on Monday. The Federal Deposit Insurance Corporation (FDIC has brokered a deal for JPMorgan Chase to purchase the failed bank’s assets. According to a statement released by the agency,...
by Ken Chase | Apr 30, 2023 | Banks, News, Uncategorized
U.S. regulatory agencies this week confirmed that they are engaged in active monitoring of artificial intelligence in the financial industry. According to a group of agencies that included the Justice Department, Consumer Financial Protection Bureau (CFPB), and the...
by Ken Chase | Apr 19, 2023 | Banks, News, Uncategorized
Despite their history of resistance to adopting open source software, banks are now increasingly embracing open source technology as they seek to counter the emerging challenge posed by fintech. Though many banks are still slow to adopt these innovations, most experts...
by Brian Pillmore | Jan 30, 2023 | Brian's Blog, Uncategorized
This is a slippery slope. ChatGPT, in most cases, won’t be found to have “stolen” the work but rather “learned from” the work. It is similar to how we learn – training the neurons and synapses to fire in certain patterns based on...
