Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
Software problems have recently plagued Bank of New York Mellon, HSBC and the New York Stock Exchange. Thorough testing and new quality standards can help financial institutions weed out weaknesses in their code that could (literally) break the bank.
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Banks, payment companies, mortgage lenders and insurance providers are racing to seize an advantage from generative artificial intelligence. Some have been especially aggressive in deciding which workflows — or entire jobs — can be handed off to AI.
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Multifunction wallet apps will support shopping, loyalty, paying at the pump or EV charging station and crypto asset management, challenging the roles of U.S. financial institutions.
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Here's what's happening around the world
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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Securities America has agreed to meet with a mediator in an attempt to resolve a flood of investor cases that could expose it to more than $300 million in liabilities.
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Retirement savings may swell to $4 trillion over the next four years and the largest banks want a bigger share of that money.
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Morgan Stanley and Goldman Sachs have arranged two term loans totaling $395 million that will back Hubbard Radio's acquisition of 17 radio stations from Bonneville International, according to sources.
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If confirmed to lead the Federal Housing Finance Agency, Mark Calabria would have a central role in any efforts to reform the government-sponsored enterprises Fannie Mae and Freddie Mac
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The Badger State's institutions also saw earnings and allowance for loan losses increase.
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Some companies on SourceMedia’s Best Fintechs to Work For list offer their employees extra time off to live boldly.
Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
Hester Pierce, a Republican SEC appointee, said industry watchdogs had previously been practicing regulation by enforcement with digital assets.
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We’re all entitled to our own opinion at work, but what if it starts impacting improvements and growth?
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Here's what industry executives have stopped talking about — and what they're focused on today.
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Banks need to come together to create interoperable tokenized deposits, as part of an effort to bridge the gap between traditional finance and blockchain.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that the central bank would unveil proposed revisions to its stress testing regime "in the next week or so."
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Credit cards that pay rewards in cryptocurrencies are nothing new, but the GENIUS Act has opened the door for new incentive programs.
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The $4.6 trillion-asset company's report comes after it committed to funneling $1.5 trillion into industries deemed important to national security.
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The housing agency director told Sen. Cortez Masto a Federal Home Loan Bank reform review is ongoing and took issue with Sen. Warren's inquiries about meeting transparency.
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JPMorgan estimates the effort, which will ramp up the amount of capital, resources and personnel that it dedicates to a variety of sectors, such as rare earth minerals, pharmaceutical precursors and robotics, will add as much as $500 billion to what it would've provided anyway.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
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Under Habner's leadership, Citi has become the third largest issuer in the U.S. general purpose credit card market.
Citi chief compliance officer Jennifer Taylor leads risk management across 180 markets while championing AI innovation and overseeing complex international divestitures.
The 23rd annual ranking of women leaders in the banking industry.


































































