U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
Tata Consulting Services now tops our annual ranking of financial service technology providers, and nine new companies have made it on to this year's list.
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Worldline and Google partner team up for cloud computing; Global Payments works with Commerz in Germany.
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American Express has built platforms to help smaller brands quickly bring credit cards to market and for B2B software companies to embed virtual cards.
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When the e-commerce giant designs and revises new store models like Just Walk Out, it faces a challenge: How do you train technology that requires real-world data that doesn't yet exist?
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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Business costs are rising, leaving some advisory firms to find subtle ways, such as tiered pricing, of passing these costs on to clients.
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An elderly client has $12 million in two homes she wants her children to inherit. How to make that happen without exposing the kids to estate taxes that could oblige them to sell?
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The latest Credit Union Trends Report from CUNA Mutual shows CUs serving more consumers even as the industry continues to contract.
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Events at local breweries can be a fun way to educate younger members about getting their first mortgage but credit unions must walk a fine line at such events.
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There’s bipartisan consensus that the conservatorships of Fannie Mae and Freddie Mac are unsustainable, but that may not be enough for lawmakers to upend the current system.
Executives from JPMorgan Chase, Bank of America and Wells Fargo are expected to get grilled in Congress this summer over victims of Zelle scams who don't get reimbursed. A Senate panel has spent much of the last year examining fraud on the bank-owned payments network.
Federal Reserve Vice Chair Philip Jefferson said clearer Fed communication and better text analysis has made monetary policy transmission more efficient, but noted that the central bank must remain diligent in how it communicates forward monetary policy guidance.
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Just as advances in automobile technology have made driving safer, incorporating AI into decision-making reduces financial risks.
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A new book by Hal Weitzman examines the state's policies and how they affect corporate governance around the world.
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The agency’s mission is popular with the public, which has a long memory when it comes to the past misdeeds of the banking industry.
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The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
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While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
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Amid growing deepfake threats and successful biometric bypass attempts by fraudsters, the bank added an extra layer of security to strengthen the authentication process.
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The Bank of New York Mellon had 117 different AI solutions in production at the end of September, Chairman and CEO Robin Vince said. That's up 75% from the second quarter.
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An internal error worth more than double the world's GDP highlights both the operational risks and the transparent, self-correcting nature of public blockchains.
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Noninterest income at the Minneapolis-based company jumped more than 10% during the third quarter, while asset quality improved and expenses held steady. "Our focus is very much on organic growth," said CEO Gunjan Kedia.
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The "Roughrider" coin, which is scheduled to launch in early 2026, will be the first state stablecoin to launch on Fiserv's digital asset platform.
The Accountability Board, a three-year-old-group focused on corporate governance issues, said the bank shouldn't have backtracked on a longstanding policy separating the chairman and CEO roles.
The 23rd annual ranking of women leaders in the banking industry.
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