The New York-based digital-only bank is seeking to partner with more brands after a recent deal opened the way to serving millions of AAA customers.
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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The bank-led peer-to-peer payment system reportedly wants to standardize how it handles reimbursements for fraud. The move would have to both reassure consumers and keep regulators at bay.
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In global news this week, WeChat Pay enables instant payments outside China, Mastercard takes a minority stake in Societe Generale subsidiary Treezor, Sella Group tests a fingerprint payment card in Italy, and more.
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Firms like Visa, Mastercard, Barclays and JPMorgan Chase are expanding hubs and accelerators as technology experts look for new jobs and entrepreneurs look for new ideas.
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Bank of America Merrill Lynch has relaunched a retirement services platform for companies with fewer than 100 employees.
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A former Goldman Sachs Group Inc. analyst who fled while on probation for leading a $6.7 million insider trading scheme was ordered to pay a $27.7 million judgment in a lawsuit filed by federal regulators.
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UBS Wealth Management Americas has hired four advisers from Merrill Lynch/Bank of America for its Jacksonville, Fla., office.
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The delinquency rate of Federal Housing Administration-insured mortgages fell to a historic low in the first quarter, fueling more calls for a reduction in the agency's annual premium.
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Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.
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The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.
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 Federal Reserve is leading the push for broader, more standardized risk-capital rules, yet some of its board members, other regulators and industry groups are uncomfortable with the proposal.
The Senate Banking Committee will consider the nomination of Christy Goldsmith Romero — the administration's pick to take over the Federal Deposit Insurance Corp. — on July 11.
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In the short term, there’s no doubt that acquiring is faster than building something yourself. But to maintain quality and value for your merchants, you have to go through the process of deeply understanding the problem to build a solution that truly solves it, says Adyen's Ingo Uytdehaage.
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Two bills — one providing relief from a loan accounting standard and another extending forbearance measures — would collectively contain credit losses.
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While the pandemic will be over eventually, the consequences of poor cybersecurity practices will be here to stay, says Pindrop's Sarosh Shahbuddin.
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The GENIUS Act in the U.S. and MiCA in the EU are creating a path to the mainstream for digital assets, while Britain won't have crypto regulation until 2026.
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A FICO survey shows 33% think exaggerating income on credit applications is acceptable. Ironically, many also prioritize strong fraud prevention from banks.
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The bank partnered with the cryptocurrency exchange platform to connect Chase customer accounts and services directly to Coinbase wallets next year.
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JPMorganChase and Apple are reportedly close to an agreement that would see the country's largest bank take over the Apple Card portfolio from Goldman Sachs.
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The online lender-turned-bank saw a strong quarter as tariff-driven fears start to ease. Executives are also looking to rebrand the company.
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Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
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The Pittsburgh-based bank's average loans increased 2% from the prior quarter, its largest jump since the end of 2022.
Some last-minute drama has derailed planned votes on crypto and stablecoin in the House, but the political maneuvering isn't likely to improve the long list of criticisms that bankers have raised about the legislation before it heads to President Donald Trump's desk.
The 23rd annual ranking of women leaders in the banking industry.
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