A new International Monetary Fund working paper highlights how inadequate data sharing leaves the U.S. banking sector vulnerable to transnational fraud syndicates.
After a strong first quarter, America's second-largest bank hailed the resilience of the U.S. consumer, but also forecast rising inflation in the near future.
Anthropic's new AI model can autonomously exploit software flaws, prompting urgent security meetings among U.S. and U.K. financial regulators.
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Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.
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The international messaging network is attempting to standardize consumers' cross-border payment experience as other payment rails such Visa Direct, Mastercard Send and stablecoins pressure the correspondent banking system.
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The credit card lender, which is scheduled to report first-quarter earnings April 23, followed its release of an agentic commerce kit by agreeing to acquire Hypercard, a Sam Altman-backed company that uses AI to support expense management.
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Finance and education veteran Walter Rendon wants to ensure that more young people get the training and mentorships that helped him break into the field.
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Touchstone Wealth Partners is the fourth team with more than $1 billion in client assets to join Wells Fargo's FiNet unit this year.
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For advisors like Chris Diodato of WELLth Financial Planning, everything from insurance to industry software is costing more these days.
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Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
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While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
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This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
The move is the first cog in a wider plan to make tokenized deposits more interoperable across borders and, eventually, among the bank's clients.
Big-bank executives explained this week why they're still investing in their physical footprints, even as AI advances rapidly and financial technology firms wade deeper into the banking business.
The Federal Savings Bank in Chicago got hit with a federal consent order after the Office of the Comptroller of the Currency found that the bank blasted veterans with millions of deceptive ads.
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Banks are currently underwriting mortgages based on one-year property insurance contracts. The Federal Housing Finance Authority should use its influence to build longer-term climate risk assessments into loans.
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JPMorganChase, Bank of America and PNC are all investing money into new branches; actual, physical branches. Not many, but they are doing it.
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The credit card giant's BVNK acquisition wasn't a bet on crypto hype. It was a hedge against irrelevance. It suggests that the companies that defined the last era of finance are now preparing for a very different future.
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The bank-owned fintech has been under immense pressure to do more to combat fraud and scams on its peer-to-peer network, and is hoping to bring more public visibility to what the company says has always been its historical backbone.
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Quarterly filings are far from historic highs but rising more consistently, with concentrations in Florida, California and Texas, Attom's latest numbers show.
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Brazil's real-time payment rail is adding PayPal as an option for small- to medium-size business payments; HSBC is launching a Hong Kong dollar-denominated stablecoin; Sezzle expands BNPL; and more in this week's global payment roundup.
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A sharp decline in charge-offs, as well as lower volumes of criticized and nonaccrual loans, gave the Buffalo-based regional bank the confidence to operate with a smaller capital cushion.
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The card network expanded work with blockchain firms OwlTing and Tempo, increasing its reach into agentic commerce and stablecoins.
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