The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand cash-flow underwriting into auto lending and personal loans.
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 card network sells aggregate information about customer spending habits, which data-privacy advocates say goes past Mastercard's role as a payment processor. Mastercard explained the recent removal of certain advertisements as a business decision.
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The U.K.'s Financial Conduct Authority released data that shows buy now/pay later lending on the rise, Ripple is working with Uphold to improve crypto liquidity and more.
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Venture capital was pouring into new generative artificial intelligence technology before President Biden issued an order that could cool the rate of funds flowing into the sector. Experts say that's not necessarily a bad thing for banks.
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Banks reported record insurance brokerage fee income in the first nine months of last year, and part of the reason appears to be that they pushed harder for fee income as other fees came under pressure.
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What the Securities and Exchange Commission wants from a new and universal fiduciary standard for the retail investment community, and what will most likely materialize, figure to be two different stories.
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For large investment houses and independent financial advisers, this new crop of potential clients — and the commissions they generate — is as elusive as it is exclusive.
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The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.
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Blockchain backers concede the hype is turning off bankers; Mulvaney's CFPB name change could cost industry millions of dollars; the one banking bill Congress might actually pass next term; and more from this week's most-read stories.
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Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.
House lawmakers approved two bills this week to foster greater information sharing between the private sector and government about cyber threats and all eyes now turn to the Senate to see if legislation can finally be enacted.
With high deposit and borrowing costs persisting amid the Federal Reserve's campaign against inflation, lenders face stress on their net interest margins and the potential of troubled loans ticking up.
Industry representatives such as the European Banking Federation are lobbying the European Commission to push back stricter capital standards rules until the beginning of 2027.
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Bankers say they're putting up with behavior from entry-level workers that never would have been tolerated in the past because it's so hard to fill positions. Those compromises can undermine corporate culture.
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A well-intentioned report from federal banking regulators was flawed in recommending that only insured depository institutions be permitted to issue stablecoins. Here's why.
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No matter the outcome of the confirmation battle over Saule Omarova — the Biden administration nominee for comptroller of the currency whom many bankers view as too liberal — policymakers must still resolve this fundamental question: Are banks public utilities or private companies with special privileges?
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The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
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The Oklahoma City native, who joined Truist in early 2024, oversees a mix of businesses including commercial and corporate banking, commercial real estate, investment banking and wealth management.
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Under Habner's leadership, Citi has become the third largest issuer in the U.S. general purpose credit card market.
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Citi chief compliance officer Jennifer Taylor leads risk management across 180 markets while championing AI innovation and overseeing complex international divestitures.
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Ghiawadwala, who climbed Mount. Kilimanjaro last year, is helping Citi's commercial banking business reach new heights.
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Public sector banking doesn't have a line on Citi's income statement. But Monaco's global influence is threaded throughout the bank's work with government finance ministries, central banks and other sovereign entities.
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Key to Graper's performance is her ability to "anticipate windows of opportunity" and then give clients the confidence boost they need to act.
Under El-Hillow's direction, Russell is exploring approaches that can generate more consistent value from active strategies.
The 23rd annual ranking of women leaders in the banking industry.
- Partner Insights from Alacriti
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