The two banks lead Evident's AI Index, which scores banks according to AI talent, innovation, leadership and transparency.
Banks have been experimenting with biometrics for decades. (Most) recent initiatives show real promise for self-identification using physical characteristics.
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The change would lower the maximum fee on a $50 debit transaction from 24.5 cents to 17.7 cents. The central bank points to lower processing costs for card issuers in recent years.
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Commonwealth Bank of Australia is examining how it can use generative artificial intelligence to simulate customers testing products, and U.S. Bancorp's Elavon unit receives a financial services license from the Bank of England.
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Giving merchants the option of passing on the rewards-related element of credit card swipe fees to consumers would radically rewrite the rules of payments competition.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Not long ago, executives at PNC Financial Services gave a heads-up to the bank's advertising firm, Deutsch: Start brainstorming for a new campaign that focuses on investment services.
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Citigroup Inc.'s private banking unit plans to set up a social networking site exclusive to the kids of ultrarich Citi clients.
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The mortgage insurer’s annual actuarial report showed strength in the agency’s capital reserves even though losses in the “home equity conversion mortgage” program are still a problem.
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Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets.
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A new study from CUNA Mutual Group finds a disconnect between consumer sentiments and their financial behaviors.
The top five banks have combined construction loans of more than $72 billion.
A one-page outline of priorities for Trump's inauguration day obtained American Banker includes financial policy items, including firing Consumer Financial Protection Bureau Director Rohit Chopra, issuing a "reset" of that agency and designating crypto as a "national priority."
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Allowing the Small Business Administration to originate, rather than just guarantee, loans would provide much-needed capital to startups and mom-and-pop shops that many banks, credit unions and other lenders view as risky credits.
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American banks need the kind of clear rules European institutions have enjoyed for several years if they're to become leaders in sharing consumer data with fintechs.
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Online lenders are a fast-growing sector of the financial system that hardly existed when the Consumer Financial Protection Bureau was created. The bureau should hold fintech lenders to the same standards as banks to eliminate a blind spot in supervision.
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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.
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Banks are scouring consumer complaints, bank accounts and loan denials to identify people and companies who they may have cut off from banking services amid a new push by the Trump administration to address allegations of political bias in debanking.
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As the government shutdown stalls key housing programs, lenders are shifting tactics to keep loans moving and preparing for bigger challenges ahead.
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Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations.
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In a break from a 20-year history marked by losses and scandal, California International Bank in Westminster is on pace for its biggest-ever profit, its CEO says.
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The fintech Versatile Credit lets merchants provide point-of-sale credit to consumers in all FICO ranges.
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The cards, which are expensive, have not grown quickly. But payment companies are angling for a pickup.
The dollar-backed digital assets have to clear many hurdles before they find a place in the future of finance, speakers at a Columbia University event said.
The 23rd annual ranking of women leaders in the banking industry.
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