Many businesses are slow to adopt payment automation. Amex shared new B2B research with American Banker, and execs R.J. Ancona and Widad Chaoui discussed the firm's strategy to lure corporates to digital payments in an interview at the recent Payments Forum conference and over email.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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When life turns upside down, customers and employees need help with finding swift solutions to problems they may have never faced or even considered—and companies require innovation guided by more than a slide deck, says Western Union's Nicole Vogrin.
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There’s a dynamic balance between the innovation and resiliency benefits of the messy, creative ferment of many smaller competitors, and an oligopoly or monopoly’s scale economies, says Intrepid Ventures' Eric Grover.
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Payoneer, an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter. FTAC rose as much as 29% on the news.
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A nightmare for most other institutional portfolio managers has been a boon for BNY Mellon Beta Management.
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The average hedge fund lost 3 basis points last month, according to the Credit Suisse/Tremont Hedge Fund Index, capping the hedge fund industry's worst year.
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Vista Wealth Management LLC of San Francisco hired Joseph Delaney as its director of wealth management services.
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Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
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The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
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Recent double-pledging scandals in auto lending and the U.K. put U.S. mortgage lenders on alert. Here's what to watch and how MERS, e-notes and electronic vaults can help.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
Clients of neobanks have more difficulty reaching service representatives than those of direct banks. Several firms are trying to change that.
The liquidity facility launched by the central bank over the weekend saw limited uptake compared to other emergency funding options.
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With many consumers now using online and mobile banking, there is a huge opportunity to incorporate blockchain solutions into the everyday payments experience, writes Andre Stoorvogel, director of product marketing for Rambus Payments.
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Community banks are open to working with innovative financial startups, but regulators must ensure they face the same oversight standards as traditional banks.
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The current debate around changes to the Community Reinvestment Act should include discussions about how the law can be used to better support low-income communities in remote areas.
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First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week's banking news roundup.
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Federal Reserve Chair Jerome Powell emphasized the need for patience amid uncertainty over the Trump administration's policies, saying there would be no immediate rate changes but that the Fed would proceed carefully.
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Both stockpiles will be initially funded with assets owned by the Department of Treasury that were seized in criminal or other legal proceedings.
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Forecasters on an American Bankers Association panel predict continued economic growth this year, though they say President Trump's tariffs have created new inflation and recession risks.
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Federal Reserve Gov. Michelle Bowman, one of the central bank's more inflation-wary officials, said the balance of risks for monetary policymaking could soon shift.
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Gesa Credit Union publicly rolled out ValorFI Heroes, which generates charity donations through everyday debit card transactions.
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The senators introduced legislation that would limit the interest rate card issuers are able to charge holders for the next five years.
The president's rough-and-tumble trade negotiations have throttled financial markets, causing investors to flock to the safety of dollars and Treasuries. But some economists say this style of policymaking could have hurt the U.S.'s safe haven status in the long run.
The 23rd annual ranking of women leaders in the banking industry.
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