The credit score provider has developed "focused" language artificial intelligence models purpose-built for tasks like detecting payment fraud, assessing risk and recommending next best actions.
HSBC said a cyber attack temporarily shut down its Internet banking on Friday, the second time the bank's online services have been disrupted in the U.K. this month.
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CEO Alex Chriss told analysts the company's AI-heavy product rollouts won't improve financial results in the near-term.
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Virgin Money has cut about 150 jobs and 39 branches thus far in 2024, the Central Bank of Nepal has hired ACI Worldwide to build a payment switch to enable interoperable card payments for merchants, and more.
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Ant, the company that operates Alipay, saw its quarterly profit fell 92% as the fintech pioneer founded by Jack Ma struggles to revive a business wracked by an economic downturn and more than a year of regulatory scrutiny.
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
Some banks with large commercial real estate concentrations are seeing their stock values take a roller-coaster ride as investors discount their assurances about the wobbly asset class.
Speaking to reporters from the Oval Office, the president was asked if he wanted to eliminate the bureau. "I would say, yeah," Trump replied. "Because we're trying to get rid of waste, fraud and abuse."
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FDIC data shows an uptick in the number of Americans with access to basic banking services. That momentum has to continue.
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Rather than blaming the Federal Reserve, CFPB and other agencies for getting over their skis, I blame Congress for being unable to give them workable, solid power to solve agreed-upon policy objectives.
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The board of the Federal Deposit Insurance Corp. is required by law to have a member with state bank supervisory experience. That perspective has been absent for too long.
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A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.
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The global fintech has said it will invest more than $500 million in the US in the coming years, and it expects to create hundreds of jobs.
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The Denver-based bank-holding company's pending acquisition of Vista Bancshares in Dallas is an opportunity to expand into key fast-growing Texas markets and deepen its talent bench, CEO Tim Laney told analysts.
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The bank's senior leadership is seeking a solution to perhaps its biggest challenge in over a decade: A $26 billion increase in capital requirements leveled by its home government, Switzerland.
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The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.
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Early Warning Service's peer-to-peer payments network saw payment volume growth accelerate in the first six months of 2025, buoyed once again by small-business payments.
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The Senate Banking Committee is slated to hear testimony from acting Federal Deposit Insurance Corp. Chair Travis Hill Thursday morning as he seeks to be confirmed to the role permanently.
A district court has agreed to halt compliance with the Consumer Financial Protection Bureau's Biden-era open banking rule while the Trump administration pursues its own rule.
The 23rd annual ranking of women leaders in the banking industry.
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