In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately.
The central bank originally established a 10-year time horizon for completing upgrades to the nation's aging electronic payment system. But a task force convened by the Fed thinks that's not ambitious enough.
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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?
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Payments fraud is the most expensive kind, at $450B; anti-financial-crime execs are the most worried about real-time payments, a survey from Nasdaq and Oliver Wyman found.
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Companies such as SeatGeek, a ticketing provider that requires its employees to do a lot of travel, find that artificial intelligence can help manage a large amount of data tied to travel and expenses.
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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About 30% of Mike Byrne's clients are not profitable, as he specializes in serving families with special-needs children. Those families are frequently overwhelmed and rarely wealthy.
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From his offices in Milwaukee, the head of Baird Inc.'s Intermediate Municipal Bond Fund has watched at close range as investors and financial advisers alike have scurried to make sense out of their holdings.
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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.
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McLean Mortgage is not going forward with a potential sale to Congressional Bank in Bethesda, Md., saying an agreement that made sense for all parties wasn't possible.
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The bank was fined $25 million for what the Office of the Comptroller of the Currency said was an inability to provide the discounts to all who were eligible.
West Coast Community Bancorp agreed to acquire 1st Capital Bancorp in an all-stock deal slated to close in the fourth quarter.
Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency.
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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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Traditional banks already have the tools they need to win back consumers’ confidence, but they need to be smart about deploying them.
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A return of the Supervision Appeals Review Committee is a step backward for banks looking for an unbiased venue to challenge adverse regulatory rulings.
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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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Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
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Federal Reserve Governor Michael Barr said strong oversight mechanisms and consumer protections are needed for stablecoins to make them a more viable payment instrument.
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New Federal Reserve research reveals that identity theft victims who use extended fraud alerts often see significant and lasting credit improvements.
The retail giant is betting on the mainstream appeal of digital assets, while Lloyds' cash-preservation strategy gains steam. That and more in American Banker's global payments and fintech roundup.
The 23rd annual ranking of women leaders in the banking industry.
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