JPMorgan Chase, under CEO Jamie Dimon, is transforming into the world's first fully AI-powered megabank by integrating custom AI models across operations like fraud detection and wealth management. With a $15B+ tech budget, it boosts productivity, trains staff, and explores tokenization amid competitive pressures and ethical risks. This strategy positions it as an industry leader.
Thailand's Bank of Thailand has frozen over 3 million accounts and imposed transfer limits to combat scams involving mule networks, disrupting legitimate users and sparking economic concerns. Amid criticism, many are shifting to cryptocurrencies for security. Regulators warn of more freezes, urging balanced anti-fraud measures to rebuild trust.
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