Michigan State University Federal Credit Union avoided $2.57 million in fraud exposure through blocking AI deepfake fraud calls with Pindrop products.
For banks, which stake their business on being trustworthy and reliable, there's a certain amount of risk to putting a chatbot out there that could make embarrassing or serious gaffes.
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Buy now/pay later firms launched new products and announced new operational strategies this week as they prepare for an expected increase in demand this holiday shopping season, while Revolut's CEO laid out plans for 2025.
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Micro-, small- and medium-sized businesses have traditionally been a tough nut to crack when it comes to serving up actionable insights. Payment data is helping to change that.
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The use cases are growing and banks don't want to risk being left behind, especially with younger customers who are more open to the technology.
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Greenlight Financial Technology offers a card that enables parents to control where their kids spend money.
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Digital banking services should solve consumers' problems and offer them advice, and they must rely on artificial intelligence and other cutting-edge technology, bankers from TD, RBC and Bank of the West said.
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Vault and Retiremap are launching products this week that are designed to help people stash cash where they can.
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Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus.
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The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.
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A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac's exit from conservatorship, and seek to facilitate fintech participation in the banking system.
Banks are becoming more comfortable with robotic process automation and could use it overhaul everything from the payroll functions to advising customers.
A midweek rally followed robust bottom-line results from JPMorgan Chase, Wells Fargo, Bank of America and several other large banks. But further interest rate cuts may be needed to sustain momentum.
In 2021, banks pledged to wind down their support for oil and gas. Last year they made a $162 billion U-turn, according to a new report from a coalition of advocacy groups.
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Before a spot bitcoin ETF is approved, we're going to need to see much more clarity about how applicants draw the line between custody and trading.
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Making it easier for consumers to switch between competing banks will increase competition, resulting in major benefits for account holders.
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Understanding how a new generation of employees learn and retain information is key to a successful talent development program.
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The Federal Reserve Board voted 6-1 on Friday to seek public comment on a proposed "skinny" master account.
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The Dallas bank turned down another offer because it thought it could get a higher price from Fifth Third, and also could ink an agreement faster, according to Comerica's latest regulatory filing.
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The payment fintech is marketing technology that lets merchants sell through AI agents; Google adds a credit card for India's national real-time payment rail. That and more in American Banker's global payments and fintech roundup.
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The megabank cleared a regulatory hurdle when the Office of the Comptroller of the Currency freed it from a July 2024 amendment to a consent order. Two other orders, one from the OCC and the other from the Federal Reserve, remain in place.
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Moving cannabis from a Schedule I to a Schedule III drug would not legalize cannabis or remove all barriers to cannabis banking, but it would allow operators to write off expenses, increase cannabis customer cash flow and eligibility for favorable loans.
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The Federal Reserve said in a statement that its "understanding of innovation products and services have evolved" since the initial guidance was published in 2023.
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The Los Angeles-based subsidiary of Royal Bank of Canada is elbowing into fast-growing North Carolina and South Carolina with a strategy focused on middle market banking.
HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.
The 23rd annual ranking of women leaders in the banking industry.











































































