First-party fraud — customers claiming they never made a transaction when they know full well they did — is a growing problem for banks. An emerging host of vendors including Socure are offering machine learning models that detect this.
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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The tech giant's planned savings account would receive deposits from the Apple Card's Daily Cash rewards, encouraging users to spend more on Apple's credit card as a way to build their balances.
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Eyeing the 50 million artists, musicians and video game designers who develop online content for a living, Visa is partnering with several digital platforms to get payments, tips and donations in the hands of the creative community faster.
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In global news this week, U.K. banks face more pressure on branch closures, Deutsche Bank launches a small-business banking unit with Fiserv, Bank of America adds to international payments, and more.
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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As the recovery takes hold, the nonprofit world may be seeing glimmers of hope in the contributions into the Fidelity Charitable Gift Fund, says Sarah C. Libbey, its president.
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The Financial Services Authority is finally cracking down on how prime brokers protect client assets.
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Fortress Investment Group LLC fund-raiser David Cody is leaving after helping create the firm's hybrid fund business, according to two people with direct knowledge of the move.
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The Federal Home Loan Bank of Chicago's mortgage originations rose sharply in 2016 thanks to a reintroduction of its traditional Mortgage Partnership Finance loan product.
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Freddie Mac is ramping up its use of credit risk transfers, completing $215 billion in single-family transfers last year, up to $600 billion since 2013.
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JPMorgan Chase has partnered with the fintech firm Roostify to build a digital self-service mortgage platform.
Under a written agreement, Quontic pledged not to distribute capital without the permission of its regulators. It's the third enforcement action in five years against the small New York-based bank.
The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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One way banks can prepare for a smooth cutover to new standards is by implementing a core banking / payment solution that uses ISO 20022, says Infosys Finacle's Peter Ryan.
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Legislation that would force transparency around company ownership would be better than another burdensome anti-money-laundering rule.
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Business size and payment volume all play a role in what's needed for compliance, says 2Checkout's Madalin Cojocariu.
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The Rhode Island-based bank plans to use artificial intelligence to boost efficiency and improve customer service. "Everything is fair game," said CEO Bruce Van Saun.
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A new MITRE framework breaks down how cybercriminals attack cryptocurrency systems and helps institutions secure them. Plus, it's a free, open standard.
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Fifth Third Bancorp in Cincinnati wants to become a bank for crypto platforms. Its CEO believes that stablecoins pose minimal threat to the U.S. deposit market.
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The Minneapolis-based bank reported solid commercial growth during the second quarter, with the momentum carrying over into July.
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New York Life and D.E. Shaw are among the companies encouraging use of large language models throughout their organizations.
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The GENIUS Act, which will give the green light to banks interested in stablecoins, but which has also raised fears that it will disintermediate the banking system, passed the House today and heads to President Donald Trump's desk.
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Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement submitted to the U.S. Treasury.
Baton Rouge-based Investar Holding Corp. has agreed to pay $84 million for Wichita Falls Bancshares, which operates five branches in the Dallas-Fort Worth Metroplex.
The 23rd annual ranking of women leaders in the banking industry.
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