Hackers Breach Key Mortgage Vendor Linked to JPMorgan and Citi

Hackers Breach Key Mortgage Vendor Linked to JPMorgan and Citi

A cyberattack targeting the “necessary plumbing” of America’s mortgage industry has raised concerns across Wall Street. The victim: SitusAMC, a leading vendor that provides core processing services for real estate loan origination and servicing. As reported by The New York Times (Nov. 22), the attack did not directly hit the banks themselves but compromised systems … Read more

AI Adoption Set to Transform Entry-Level Roles in Finance, Not Eliminate Them

AI Adoption Set to Transform (1)

A new wave of artificial intelligence (AI) adoption is poised to transform entry-level roles across Wall Street. Contrary to fears of mass layoffs, automation may not eliminate analysts — it will redefine their work. A Fortune report published Wednesday (Oct. 22) revealed that financial firms are beginning to replace repetitive spreadsheet, model-building, and pitch-deck tasks … Read more