Technology
Neesha Hathi Schwab

The bank is rotating teams dedicated to product and service development across its organization to help implement new ideas quicker.

Gavin Newsom

The bill would have forced several restrictions on the largest AI model providers, including a so-called "kill switch." A new version could restrict the riskiest uses of AI, such as for loan and hiring decisions.

Roundup slide on Chris Shepler's new role as sole chief banking officer at First Interstate BancSystem

Chris Shelper is now the sole chief banking officer at First Interstate BancSystem; Kristy Fercho joins LERETA's board of directors; Truist Financial launches a business focused on private equity and family office transactions; and more in this week's banking news roundup.

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The Mortgage Industry Standards Maintenance Organization is nearing completion on the first of a three-phase Veterans Affairs loan guarantee modernization effort.

Patrick Collison and John Collison

Stripe has expanded its Shared Payment Tokens, a foundational building block to protect agentic commerce, to work with Visa and Mastercard's tokens. It's also added Affirm and Klarna.