The bank and Chinese technology giant are speeding transaction processing for business payments, Airwallex makes a deal to bolster its payments tech and more in the American Banker global payments and fintech roundup.
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.
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A letter from U.K. regulators threatening to close risky companies is an example of how governments are pressuring firms that manage cash flow and fraud risk.
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Early Warning Services is poised to unveil the name of its new bank wallet, hoping to repeat the branding success of its peer-to-peer payments app.
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JPMorgan Chase is planning to test new technology that would let consumers pay with their palms or faces at certain U.S. merchants.
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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Bank of America Corp.'s legacy financial advisers are transferring to Merrill Lynch's more expansive brokerage platform.
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Independent advisers are still "somewhat conservative" in their outlooks, but their expectations include some bright spots, according to a survey by Charles Schwab.
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Although it supports the Securities and Exchange Commission's goal of bringing more disclosure to target-date funds, BlackRock has told the agency that the proposal to include asset-allocation.
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Fannie Mae and Freddie Mac will be allowed to build capital buffers to protect against losses under an agreement between the Treasury Department and the Federal Housing Finance Agency announced on Thursday.
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Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.
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The $280 million securitization is also expected to boost capital levels and lower Dime's loan-to-deposit ratio.
Jane Fraser defended Citigroup's recently announced organizational overhaul and specific performance targets, saying the plan is different from prior restructurings because it's designed to fundamentally change how the company operates.
The Federal Reserve's inspector general says the reserve bank CEO did not trade on confidential information or have conflicts of interest, but did violate central bank rules and policies.
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Financial disparities have only worsened during the coronavirus pandemic. President-elect Biden’s team could address this issue by establishing an office of economic equality under the Financial Stability Oversight Council.
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The U.S. debit networks have always been strong supporters of open standards created through open, consensus building, says the Secure Remote Payment Council's Paul Tomasofsky.
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Manual transaction monitoring doesn't scale to the acceleration of online activity, leading to many potential false negatives, and reduced efficiencies as teams demand quick growth and analysts take time to train properly, says Acuant's Jose Caldera.
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The card brand is reportedly focusing on other markets amid uncertainty in U.S. regulations and as banks consider fees for data sharing.
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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.
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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.
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The online gambling operator, which was recently fined $450,000 by Massachusetts regulators, indicated that its new policy is designed to protect customers from cash-advance fees.
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The deal will allow Workday to offer Chime Workplace, the neobank's suite of enterprise financial wellness solutions, to its clients. For Chime, the partnership provides a wider reach to new potential deposit accounts.
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A banking union calls the reversal by Commonwealth Bank "a massive win," but warns the fight to protect human jobs from AI replacement isn't over.
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The Toronto-based bank has promoted Kevin Li to take over as head of its American operations. He will succeed Shawn Beber, who is retiring.
Core CPI, which excludes food and energy, rose to 3.1%, up from 2.9% in June.
The 23rd annual ranking of women leaders in the banking industry.
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