"AI may not take your job, but somebody who knows AI will," says Raymond George, CIO of Clearview Federal Credit Union.
In a survey, bankers conceded they may not be doing enough to avoid the mistakes social media giants made in the use of unverified data.
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The CardWorks subsidiary has officially taken over Ally Financial's Ollo credit card portfolio, ending a five-year dance between the two companies that first had Ally buying CardWorks for $2.7 billion.
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The payments company is opening its real-time payments network, Visa Direct, to stablecoins through a prefunding pilot that will allow businesses to move money across borders when banks are closed.
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A flurry of product launches are designed to keep the payment company's merchants in-house by making it easier to deploy artificial intelligence-driven payments and stablecoins.
As regulators repeatedly press banks and fintechs to make sure their artificial intelligence models aren't "black boxes" and comply with existing law, the burden is on lenders to prove they are making such efforts.
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Executives from Alliance Bernstein, Edward Jones and Kasisto discuss best practices and ways to improve the client experience.
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Industry experts weigh in on the future of wealth management.
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A conversation with Penny Pennington, manager partner at Edward Jones.
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For the past week, the benchmark 10-year Treasury closed above 4%, as the markets priced in an increase in the consumer price index.
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Mike Weinbach, a former Wells Fargo and JPMorgan leader, will replace president Chris Marshall who's expected to retire at the end of this year.
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The top five banks and thrifts have nearly $96 billion in combined home equity loan portfolios as of September 30, 2023.
The Fairmont, West Virginia, bank is taking a $7.6 million hit to rid itself of $73 million in long-duration, low-yielding securities, though the sale of its payments subsidiary the week before cushions the blow.
The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
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The next generation of enterprise technology will be both intelligent and decentralized. The rise of agentic AI confirms this vision, but it also challenges us to think bigger.
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New regulations implementing the Community Reinvestment Act are likely to run into trouble unless they take into account the priorities of the Trump administration and its efforts to streamline the federal government.
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Ending the separation of banking and commerce would open the door to dangerous concentrations of power and influence, and would threaten financial and economic stability as well as access to credit for consumers and Main Street businesses.
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At an investor day in London, Banco Santander executives laid out the Spanish company's new financial goals, including a goal to improve a key profitability metric in the U.S. The pending acquisition of Webster Financial in Connecticut is part of the strategy to achieve higher returns, they said.
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The investment broker announced a real-time trading and settlement option for its tokenized money market fund through USDC stablecoins and the ethereum ledger.
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In this week's American Banker global payments and fintech roundup, Revolut, Tether and Circle made announcements designed to improve their standing in the stablecoin market. That comes amid new research from McKinsey that says the digital asset is growing quickly, but has not made even a small dent in payments.
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BMO moved closer to hitting company-wide and U.S. profit targets after reporting increased first-quarter profits.
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Cybersecurity stocks tumbled after Anthropic unveiled a new vulnerability scanner, prompting vendors to defend their runtime protection platforms.
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There's speculation about a potential deal, which could boost Stripe's merchant appeal and accelerate its agentic commerce strategy. But payment experts also say Stripe could face a bidding war that includes AI companies.
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After a long price correction in the art market, Bank of America is expanding its advisory services for collectors — and it's not alone.
Banks, trade groups and regulators are eligible to join a group convened by Treasury's Financial Crimes Enforcement Network, or Fincen, which will weigh in on anti-money-laundering rules, Bank Secrecy Act modernization and implementation of a recently passed stablecoin bill.
The 23rd annual ranking of women leaders in the banking industry.
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