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Two industry leaders at American Banker's Digital Banking conference said banks' fraud and identity controls weren't built for software acting as the customer.
June 16 -
Zelle, Western Union, SoFi and others are all launching stablecoins, adding to the thousands of other digital assets that do essentially the same thing as bitcoin.
June 16 -
Banking and fintech trade groups have filed suit against the State of Oregon over a new lending law that they say unlawfully restricts interest-rate exportation by out-of-state state banks and threatens access to credit.
June 16 -
The Atlanta bank was ordered to pay nearly $80 million to the former head of its equipment-finance subsidiary Balboa Capital
June 16 -
BofA is using an old-school method to battle the world's newest scams: in-person seminars, taught at brick-and-mortar branches.
June 16 -
A value resurgence will overtake growth-stock dominance — the catalysts are already in motion, says Bernard Horn of Polaris Capital Management.
June 16
Polaris Capital Management -
Regulators have signaled that the speed of progress in generative and agentic artificial intelligence makes producing definitive guidance impractical. That does not remove banks' obligation to face up to their risks.
June 16
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Stephen J. Scott, an investigator hired to audit the Federal Reserve's handling of Silicon Valley Bank before its collapse, says the probe is focused on "facts, not politics." But more than three years on, the biggest question surrounding the U.S.'s second most costly bank failure for many is who bears the blame.
June 16 -
The big moves hit the Swiss firm as it continues to lose advisors on a net basis — though now it's reportedly sweetening its recruiting offers.
June 15 -
The digital banking fintech expects to reach profitability this year as it recovers from a post-2021 valuation drop with three consecutive years of growth.
June 15 -
As funding questions persist for Social Security and Medicare Part A, speakers at the recent AICPA conference discussed how advisors can guide clients through complex benefit rules and options.
June 15 -
National Capital Bank, founded in 1889, and Old Dominion National Bank, founded in 2007, are combining with plans to take the merged entity public.
June 15 -
Early Warning Services' peer-to-peer payment platform Zelle is launching its own stablecoin, ZLUSD, which will allow it to open its network to remittances abroad. India will be the first country.
June 15 -
As competition for diners' spending heats up, the card company agreed to pay $700 million for the European reservation and management platform.
June 15 -
A letter released publicly from the Government Accountability Office on Monday underscored previously raised concerns about the Federal Deposit Insurance Corp.'s lack of "rotation" requirements for case managers on bank supervisory teams.
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