AT&T: Economic Pressures Could Curb Consumer Enthusiasm For iPhone 5G

AT&T is warning against too much optimism over the rollout of new Apple 5G iPhone technology supposedly slated for October, CNBC reported. AT&T Communications CEO Jeff McElfresh said he’d “always tried to soften folks’ expectations around 5G,” according to CNBC. This comes after Apple predicted mass swathes of people coming online with the new, speedier … Read more

Today In Payments: FinCEN Files Reveal Billions In Suspicious Money Flows; Chime Now More Valuable Than Robinhood

In today’s top news FinCEN discovered an underworld of corruption in the world’s banks and how governments allow it to thrive, and challenger bank Chime is now worth more than Robinhood. Plus, a California judge temporarily blocked President Trump’s WeChat ban. Report: FinCEN Files Reveal Billions In Suspicious Money Flows The Financial Crimes Enforcement Network … Read more

CIA’s new tech recruiting pitch: More patents, more profits

America’s most famous spy agency has a major competitor it can’t quite seem to beat: Silicon Valley. The CIA has long been a place cutting-edge technology is researched, developed, and realized—and it wants to lead in fields like artificial intelligence and biotechnology. However, recruiting and retaining the talent capable of building these tools is a … Read more

It’s getting harder for tech companies to bridge the US-China divide

Corporations have never been able to cleanly separate their activities from geopolitics. Now, technology firms are finding it increasingly difficult to work across the US-China divide. Try as they might to cross-pollinate through research and investments, the climate between China and the United States continues to deteriorate into political one-upmanship, leaving users to pay the … Read more

Leaked FinCEN files show banks allowed $2trn in suspicious transactions

A major leak has revealed a slew of major banks allowed oligarchs, mobsters, and criminals to launder money in transactions worth more than $2 trillion. The FinCEN leak contains SARs submitted by 90 banks Buzzfeed News obtained more than 2,100 suspicious activity reports (SARs) filed by banks and financial institutions. Originally submitted to the US … Read more

US regulator plans major refresh for AML laws

The US Financial Crimes Enforcement Network (FinCEN) is calling for input on a series of anti-money laundering (AML) changes. FinCEN is preparing changes to the Bank Secrecy Act The advanced notice of proposed rulemaking (ANPRM) concerns regulatory amendments to the Bank Secrecy Act (BSA). FinCEN says it has undertaken an initiative with law enforcement to … Read more

Prosecutors open homicide case after cyber-attack on German hospital

Incident in Düsseldorf could be first death caused by a cyber-attack, says UK’s former head of cybersecurity German prosecutors have opened a homicide investigation into the case of a patient who died after a hospital in the city of Düsseldorf was unable to admit her because its systems had been knocked out by a cyber-attack. … Read more

Trump approves TikTok deal involving Oracle, ending international standoff

Donald Trump approved Oracle’s bid for the U.S. operations of TikTok “in concept,” a deal forced by the president’s orders last month declaring the popular video-sharing app a national security threat. “I have given the deal my blessing. If they get it done that’s great. If they don’t, that’s OK too, ” Trump told reporters … Read more

From support function to growth engine: The future of AI and customer service

When it comes to imagining the future, customer service often gets painted in a dystopian light. Take the 2002 sci-fi film Minority Report. Tom Cruise’s John Anderton walks into the Gap, an identity recognition system scans him, and a hologram asks about a recent purchase. There’s something unsettling in this vignette—an unsolicited non-human seems to … Read more