Circle's Dante Disparte and Block's Owen Jennings discuss how blockchain, crypto and AI can combine to open new lanes for international commerce. Payment experts say banks need to play catch up.
Days after Visa touted its crypto tech and settlement partnership with USD Coin, Mastercard showcased its work with the Central Bank of the Bahamas and supporting innovation such as digital ID.
Anthropic's new AI model can autonomously exploit software flaws, prompting urgent security meetings among U.S. and U.K. financial regulators.
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A proposal from the Consumer Financial Protection Bureau to extend the same protections as credit cards to the fast-growing BNPL industry aims to protect consumers, but it could also stunt the nascent industry's growth, experts say.
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The technology is adept at working with partial account numbers and other shreds of data to alert banks of ongoing and potential crime, the network contends.
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In this edition of the American Banker news quiz, test yourself on topics such as Visa and Mastercard's shift away from relying on interchange, the Federal Reserve's efforts for balance sheet reduction, which financial services sector consumers trust the most and more.
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EBA Editor-in-Chief Elizabeth Galentine introduces the first in a series of articles where thought leaders address todays greatest challenges for the employee benefit adviser and its not all about health reform.
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EBA editor Elizabeth Galentine looks back as Employee Benefit Adviser magazine celebrates its ten year anniversary.
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Last month, I was out on leave for a couple of weeks after reconstructive knee surgery. Since I was largely on bed rest, I was not able to drive, do chores or take care of my two little boys. I had some time on my hands for the first time in a long time, and filled it with some unexpected insights.
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Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.
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The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.
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Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls.
Deloitte is partnering with five blockchain companies as it seeks practical uses for the emerging technology in its consulting business.
Donald Felix, who has previously worked at JPMorgan Chase and Citi, will become Carver's president and CEO on Nov. 1. He succeeds interim CEO Craig MacKay, who's been running the unprofitable bank for the past year.
In a settlement with bank trade groups that sued the Consumer Financial Protection Bureau, the Trump administration has agreed to drop the credit card late fee rule with prejudice.
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At best, artificial intelligence will be a tool that helps good bankers be better at their jobs. It won't replace them.
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The Federal Reserve's final rule severely restricting the ability of state member banks to engage in crypto-related activities was released without a legally required period of notice and comment.
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In his new book, the technology and financial services veteran Thomas Vartanian explores how countries could band together to create a more secure digital world while explaining what's holding society back from achieving this.
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The bank is a step closer to having its own U.S. dollar-pegged cryptocurrency. It could become the first major financial institution to issue a stablecoin.
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Recent high-profile ethics violations by senior Federal Reserve officials, including new revelations concerning stock trades by former Fed Gov. Adriana Kugler, have sparked debate over the effectiveness of the central bank's oversight, even as some observers stress such cases remain rare.
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The Swedish financial technology firm issued its first stablecoin and signed a gift card distribution deal with BlackRock. Also, EMVCo is examining AI's impact on processing and more in the American Banker global payments and fintech roundup.
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U.S. commercial banks and savings banks have reduced employment by nearly 81,000 since the first quarter of 2023, including a net loss of 7,463 positions during the third quarter of this year, according to a new report from KRBA Financial Intelligence. Big banks, which have been embracing artificial intelligence, were big contributors to the decline.
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The activist investor HoldCo Asset Management alleges that Comerica and Fifth Third used a "flawed" process to arrive at a $10.9 billion merger agreement. On Tuesday, a Delaware judge said she will hold a hearing to determine if the banks omitted material information in their public disclosures.
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The New York Stock Exchange disclosed the news on Monday of the sudden passing of its head of International Capital Markets.
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The $22.7 billion-asset company may be interested in buying certain banks that HoldCo Asset Management presses to sell in the future, Chairman and CEO John Allison said. Home is planning to announce its next acquisition in December.
The U.K.-based banking giant will add a fintech that enables it to compete with Apple Pay, while Global Payments has added Uber Eats as part of its Genius-branded point of sale rollout. Plus: Visa has advanced account-to-account payments in the U.K. and more in the global payments and fintech roundup.
The 23rd annual ranking of women leaders in the banking industry.
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