The Bureau of Labor Statistics reported that the economy added 22,000 jobs in August, raising the unemployment rate to 4.3% and providing additional cover for the Federal Reserve to lower interest rates in September.
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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Responding to growing competition for merchants' loyalty, PayPal has enabled its small-business customers to accept Apple's mobile wallet, along with other features previously only available to large enterprises.
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Pinwheel, which automates the setup of direct deposit at new accounts, endured a brief and unexpected surge in traffic during mid-March's bank runs.
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The quest to make instant settlement ubiquitous in all countries requires scale and connectivity, creating opportunities for intermediaries that can handle the last mile.
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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Scout Investment Advisors, a Kansas City, Mo., unit of UMB Financial Corp., announced Thursday that it had signed a definitive agreement to buy Reams Asset Management Co. of Columbus, Ind. The deal would more than double its assets under management.
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Adviser confidence in the economy and stock market sunk in August to its lowest level in 16 months, according to the Advisor Confidence Index from Rydex/SGI.
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Rep. Emanuel Cleaver, D-Mo., has emerged as one of the most outspoken members of Congress when it comes to fintech, both embracing its potential and calling for regulatory guardrails.
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Startups that have developed the technology for real estate finance are starting to conduct a broader array of transactions, including property sales.
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The new name is an attempt to better capitalize on the strong brand recognition of TruStone Federal Credit Union.
How to use, govern and adopt AI were some of the main themes from the Monday event.
The Federal Deposit Insurance Corp.'s proposed rule aims to improve record keeping for custodial accounts, while the merger policy would increase regulatory scrutiny for combinations involving the largest banks.
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By upgrading permissions and defining access, firms can get ahead of the new threat, says vArmour's Marc Woolword.
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With one study showing consumers racking up additional credit card debt this season, some members may be eager to consolidate their balances in the year ahead.
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As business flocks online, voice tech and social are just two of many innovations that will become stable stakes for merchants, says Hatch's Joris Kroese.
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By using a public blockchain, a potential digital euro could be made more widely available. Plus, Klarna expands its merchant reach as it resurrects plans for an IPO, Binance faces an audit and more in the American Banker global payments and fintech roundup.
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The Canadian bank's stateside unit is hiring bankers and investing in growth, according to RBC Chief Executive Dave McKay, following a rough 2023.
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The amount was less than $1 million, but the plot reveals clues that can help spot and fight elderly abuse and other financial crimes.
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Data suggests that the beleaguered commercial real estate market isn't going to get worse. And now that banks have had time to build reserves, any losses they do take shouldn't be disastrous, analysts say.
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The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.
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The American Fintech Council publicly declared support for California SB 69, which would require "internal expertise" for artificial intelligence regulation.
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An Office of Inspector General audit says the agency's existing program for overseeing banks' technology providers lacks clear goals and metrics. It recommends the adoption of a new risk-ranking methodology by 2026.
The former head of resolutions at the FDIC has high hopes for a bank that's been embroiled in the Synapse disaster.
The 23rd annual ranking of women leaders in the banking industry.
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