AI IN FINANCE
Oracle’s Netsuite Adds New AI Tools for Financial Security
Oracle’s Netsuite, its cloud-based management system, announced some fancy new AI tools, including the ability to detect anomalies in your financial data to alert you to potential problems before it escalates to something bigger.
Also added is the ability to interact with our data using plain language, making data analysis even easier. (although, don’t throw away your Excel and Power BI tools just yet).
COMPLIANCE
JPMorgan Caps Junior Bankers’ Hours
After some high-profile incidents of bank workers dying at the job and a huge outcry for a change in work-culture within the banking industry, JPMorgan has announced a cap on junior banker’s work hours to 80 hours per week.
COMPLIANCE
U.S. Feds Turns Back Capital Requirements…
…and top U.S. banks are jumping for joy.
The U.S. Federal Reserve had contemplated increasing the capital requirements for the large U.S. banks, but received quite a bit of pushback from banks.
The fear for the Feds is that requiring such increases in capital requirements, could slow and/or hinder the economy and with an election coming up, no one wants to see that happening.
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