How AI Could Have Saved Evolve Bancorp and What It Means for the Future of Banking
The US Federal Reserve Board’s June cease-and-desist order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, came in response to a series of alarming deficiencies in its risk management, anti-money laundering (AML), and compliance practices. The order wasn’t just a regulatory formality—it was… Read More
Read more in: Artificial Intelligence, Featured Headlines, Fintech, Opinion | Tagged aml, evolve, peter reynolds, thetaray