Last week some of the biggest financial institutions in the world came together to talk ethics and socially conscious investment at the Financial Times’ Moral Money Summit. And it went great, no notes. You guys, banks are going to fix it. The free market is gonna solve climate change.
Thousands Learn That Extra Money in Their Account Is No Christmas Gift, It’s a $242 Million Bank Error
Tens of thousands of people in the United Kingdom probably thought they had been especially good this past year when they saw their bank accounts on Christmas Day, all of which had more money than they expected. Alas, Santa Claus doesn’t have enough cash in his reserves to justify the roughly $242 million in payments,…
Bank Robbers in the Middle East Reportedly ‘Cloned’ Someone’s Voice to Assist with $47 Million Heist
Criminals appear to have stolen some $US35 ($47) million from a United Arab Emirates bank with the help of AI-enhanced voice simulation, according to a new report from Forbes. The “deepfaked” vocals were used to fool a bank employee into thinking he was handing over the cash on behalf of a legitimate business transaction associated…
The Bank of England and the UK’s Treasury have launched a task force to explore the use of a national digital currency, the British government announced in several press releases early Monday as part of April 2021 Fintech Week.