Digital Mortgage Direct Page

The reported reversal comes after the industry worried verifying citizenship would strain banks and push customers out of the system.

Some of the country's largest financial institutions are rolling out stablecoins. With the right strategy, community and mid-tier banks can also reap the benefits of the new payment rail.

Chasse Rehwinkel served as Illinois director of banking from 2019-2023 and is currently president of Devon Bank.

At a Transact event on career management for women in payments, leaders from Visa, NMI and elsewhere discussed embracing new and unknown ideas as a way to stay vital.

Steve Markle is chief operating officer of Itemize, where he leads the go-to-market units, encompassing product, sales and marketing. With a distinguished career spanning more than 25 years in B2B technology, Markle brings deep expertise and leadership to Itemize. Markle was previously the president and CEO of BirchStreet, an e-procurement and accounts payable platform for the hospitality industry, and vice president of solutions management at SAP Ariba.

By welcoming AI-driven vendor platforms into their banks, small and midsize institutions are introducing risks that are poorly understood and potentially interrelated. Boards of directors need to start paying attention.

The Financial Crimes Enforcement Network is charged with protecting the U.S. financial system, but its failure to implement a whistleblower program authorized in 2022 leaves the agency unable to capitalize on a key source of intelligence.

Trading bitcoin and other cryptocurrencies is fine, but it's a sideshow: Blockchain is the underlying innovation that has the potential to change the way markets operate.