Joy Dasgupta is CEO of Gyan, which builds explainable, enterprise-grade AI for financial services focused on escalating compliance and governance risks.
He brings an enterprise insider's view of the challenges early technology adopters face from his time with American Express and Hewlett Packard.
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By using a public blockchain, a potential digital euro could be made more widely available. Plus, Klarna expands its merchant reach as it resurrects plans for an IPO, Binance faces an audit and more in the American Banker global payments and fintech roundup.
August 27
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The Canadian bank's stateside unit is hiring bankers and investing in growth, according to RBC Chief Executive Dave McKay, following a rough 2023.
August 27
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The bank "temporarily" paused home equity line of credit lending in April 2020, over concerns regarding the economic impact of the Covid-19 pandemic.
August 26
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The American Fintech Council publicly declared support for California SB 69, which would require "internal expertise" for artificial intelligence regulation.
August 26
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Four years after its launch, the Mission Driven Bank Fund has ended its fundraising well short of its original $500 million target. Still, organizers are hopeful that the fund's performance will attract other investors to the sector.
August 26
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U.S. Bank's merchant acquiring unit has expanded its partnership with embedded finance fintech Liberis to offer its small business clients working capital loans.The two companies previously offered loans in the U.K., Ireland and Poland.
August 26
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Legal experts say President Trump's unprecedented move to fire Cook over alleged past misconduct will likely be hashed out in court, but there is little precedent to determine whether a sitting board governor can be removed for past actions.
August 26
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Growth in TD's home market has become even more important for the bank after its U.S. anti-money-laundering settlements imposed a cap on its American retail operations.
With a background as an elite gymnast and a passion for understanding the remarkable capabilities of the female body, I bring a holistic approach to workplace wellbeing at Lifesum. A dedicated runner and mother, I thrive on creating environments that empower health and productivity—and when I'm not shaping wellness strategies, you'll likely find me perfecting a recipe or embracing life outdoors.
Joy Dasgupta is CEO of Gyan, which builds explainable, enterprise-grade AI for financial services focused on escalating compliance and governance risks.
He brings an enterprise insider's view of the challenges early technology adopters face from his time with American Express and Hewlett Packard.
Noelle Acheson points out that, while banks are unlikely to issue stablecoins, the related businesses they are likely to end up offering could set the stage for a transformation of their relationship with their clients.
Growth in TD's home market has become even more important for the bank after its U.S. anti-money-laundering settlements imposed a cap on its American retail operations.
With a background as an elite gymnast and a passion for understanding the remarkable capabilities of the female body, I bring a holistic approach to workplace wellbeing at Lifesum. A dedicated runner and mother, I thrive on creating environments that empower health and productivity—and when I'm not shaping wellness strategies, you'll likely find me perfecting a recipe or embracing life outdoors.
Joy Dasgupta is CEO of Gyan, which builds explainable, enterprise-grade AI for financial services focused on escalating compliance and governance risks.
He brings an enterprise insider's view of the challenges early technology adopters face from his time with American Express and Hewlett Packard.
Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.
Honorees from 2024's Most Influential Women in Payments, representing companies such as MoneyGram, Walmart, Segpay and more, share insights into how how artificial intelligence is changing their companies and their industry.
American Banker's Most Influential Women in Payments share their views on artificial intelligence, hybrid offices, real-time payments and more.
In her day-to-day job directing activities at the card network's Start Path accelerator, Sabrina Tharani helps nurture companies that are developing new payments products and services.
- "We want to put banks in the risk management driver's seat," says Sima Gandhi, co-founder of the Council for Fintech Ecosystem Standards, which has worked with a group of fintechs to create risk and compliance standards banks can use to evaluate their fintech partners.Sponsored by IntraFi
- Software code generation and knowledge management are two of the places the bank has begun using generative AI to improve efficiency.Sponsored by IntraFi
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Here's what industry experts have to say about a risk that a housing regulator has spotlighted through referrals that have led to high-level allegations.
August 25
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A recent bargaining session was interrupted when union representatives learned that a Wells executive who wasn't in the room could hear what was being said. The bank maintains that it was a simple mistake involving a Microsoft Team meeting that should have been disconnected, but union officials aren't buying that story.
August 25
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Scattered Spider, a cybercrime gang whose targets include banks, has seen five of its members arrested for SIM-swapping and phishing schemes that stole millions.
August 22
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Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with the matter.
August 22
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The Consumer Financial Protection Bureau has fined Synapse $1 for its role in a $60 million to $90 million shortfall in fintech users' accounts.
August 22
