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Financial institutions news from around the web: June 17 – 21, 2024

Written on Jun 17, 2024

As large global banks test quantum computing uses, it’s crucial that what’s learned is shared with the broader industry, particularly when it comes to defending against cyber risks. 

The FDIC has issued the Third-Party Risk Management, A Guide for Community Banks as a resource to help community banks in developing and implementing their third-party risk management programs, policies and practices. 

Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow. 

Delinquencies for consumer debt appear to be on a downward trend, according to the latest monthly data from CreditGauge. Meanwhile, NerdWallet reports that 21% of Americans have faced a late fee on their credit card bill in the last year. 

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