U.S. regulatory authorities may be less lenient about bank accounting and reporting errors stemming from old technologies — like spreadsheets — particularly for repeat offenses. Banks could see 500% higher fines for errors stemming from outdated, problematic methods. So predicts Bikram Singh, chief executive officer of Brunswick, N.J.-based EZOPS, a provider of an artificial intelligence […]
Banks using outdated processes could draw 5x bigger fines in 2022
PaymentsTime Stamp: January 5, 2022 6:21 PM
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