Technology

Combing through data to find people who’ve paid for something twice or left their cash at the ATM helps the bank build goodwill with customers, says analytics chief Christian Nelissen.

Letter from the Editor

Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.

JUSTICE-DEPARTMENT-SEAL-BLOOMBERG

Shan Hanes, who led Heartland Tri-State Bank in Kansas until it failed last year, pleaded guilty to one count of embezzlement by a bank officer. He now faces up to 30 years in prison. He is scheduled to be sentenced on Aug. 8.

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The company is becoming a full-fledged processor and accelerating its artificial intelligence plays, moves CEO Paulette Rowe said provide more control over agentic commerce, which payment experts say is threatening traditional payment facilitators.

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As Coinbase joins a wave of crypto companies seeking national trust charters from the Office of the Comptroller of the Currency, traditional banks are warning regulators not to rush approvals for crypto firms eager to enter the federal banking system.