The industry made widespread gains in reputability this year, with regional banks in particular regaining trust and admiration at levels not seen in nearly a decade.
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.
-
Amid the fallout from the Silicon Valley Bank shutdown, some argue that reduced processing time could mitigate systemic disruptions.
-
The service offered by the Federal Reserve — after years of delays — is expected to expand access to fast payments clearing to a broader selection of banks and financial institutions.
-
NatWest joins U.K. banks in limiting crypto, Mastercard teams with fintech in the UAE, and more.
-
The majority of 401(k) participants exhibited steady savings behavior in the second quarter, but the number of loans and hardship withdrawals increased, according to data from Fidelity Investments.
-
Hedge funds started making money again in July, with the Morningstar 1000 Hedge Fund Index up 2.7% over the previous month. The index was up 0.35% year to date, Morningstar said.
-
Chief financial officers of 20 major European insurers asked that capital rules under the European Union's planned Solvency II capital regime for insurers be more balanced.
-
The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.
-
Two different credit unions have seen success offering new mobile functionalities that meet specific pain points for members.
-
The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB.
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.
The Consumer Financial Protection Bureau and the Justice Department warned banks and other lenders that credit applicants cannot be rejected due to their immigration status.
The Public Company Accounting Oversight Board staff released a report Monday on last year's banking crisis.
-
The events of this year transformed banking, for better or worse. Smart bankers will build on the ways they learned to do their jobs better.
-
It's important that breach mitigation strategies take younger people, gaming and school into account, says ForgeRock's Ben Goodman.
-
Credit unions that hope to fully reopen their facilities need to have a plan in place to ensure employees are being careful and not spreading the coronavirus.
-
Aron Levine, the Canadian bank's new U.S. president, said BMO intends to invest in technology and spend more on branches. The company's moves, which also include the recent combination of its U.S. businesses, are part of a plan to boost its return on equity.
-
A proposed rule published Tuesday in the Federal Register would limit the Consumer Financial Protection Bureau's ability to designate nonbank entities for supervision.
-
The Federal Deposit Insurance Corp. said Tuesday that bank profits slipped slightly in the second quarter as the Capital One-Discover merger drove provisions higher. Loan growth, deposits and insurance fund reserves showed positive signs despite ongoing credit issues.
-
The card brand is reportedly focusing on other markets amid uncertainty in U.S. regulations and as banks consider fees for data sharing.
-
President Trump posted a letter on social media addressed to Federal Reserve Gov. Lisa Cook, informing her that he was terminating her due to allegations of mortgage fraud. The move is likely to tee up an unprecedented legal fight over the Fed's independence.
-
Bank industry advocates, housing groups and CRA veterans say the rule is overly complexity and burdensome, but even they agree pre-approving CRA-eligible activities was a good idea.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
New data from American Banker finds that use cases for intelligent automation are growing across banks and credit unions alike, such as fraud and lending.
Affirm and FICO earlier this year took the first steps to incorporate buy now/pay later loans into consumer's credit reports. But it will be some time before lenders start making credit decisions based on the short-term installments, even if holdouts like Afterpay and Klarna decide to report to the credit bureaus.
The 23rd annual ranking of women leaders in the banking industry.
- Partner Insights from Alacriti
-
Partner Insights from FIS -
Partner insights from Infosys -
Partner Insights from Alloy
