New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
Fintech firm Tanium says it has found a unique method for securing the tens of thousands of vulnerable points in the computer networks of banks and other companies.
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Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.
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2023 saw a recovery in ridership and signs of progress for contactless boarding. But there's still lots of work to do.
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Executives at America's largest banks are making rosier predictions about the financial health of U.S. households than they were a year ago, when their forecasts proved to be overly pessimistic.
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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While there is a general concern that inflation may be coming, there is little consensus among target-date funds on how to prepare for it.
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Still smarting from the downturn, some wealthy families are turning to external chief investment officers for help managing their investments and controlling overhead.
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They may have money, but lots of affluent baby boomers don't have enough to live the way they want to in retirement. And it's becoming the job of many financial advisers to tell them so.
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Following a congressional mandate, the consumer bureau solicited public feedback on Property Assessed Clean Energy loans, which have been deemed risky by the Federal Housing Administration.
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The Arizona-based CUSO returned $6.2 million in cash rewards to its credit union members for 2018.
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The Mortgage Bankers Association, National Association of Realtors and 26 other groups warned the agency not to pursue steps reducing the scope of Fannie Mae and Freddie Mac that could upset the mortgage market.
Truist Financial completes the sale of its remaining stake in Truist Insurance Holdings; City National Bank has hired Rick Bechtel as executive vice president and head of mortgage and residential lending; Associated Bank names Chun Schiros as its first chief analytics officer; and more in the weekly banking news roundup.
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been terminated. The six-year-old order was related to the bank's risk compliance management and certain loan practices.
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To create sensible rules around decentralized finance, regulators have to have an open discussion with businesses in the industry. To do that, they must create a path for collaboration.
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Widespread sharing of financial and other data creates enormous privacy risks for consumers, many of whom have no real understanding of the danger.
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The system may be good for the banks that own it, but it is not meeting its public mission.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
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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.
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Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
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Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
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JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
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Last year, Dmuchowski led efforts to reposition First Horizon's balance sheet, which is expected to increase net interest income by a projected $35 million in 2025.
Within the bank's tech, operations and services organization, Brady has minimized turnover and preserved institutional knowledge.
The 23rd annual ranking of women leaders in the banking industry.

































































