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Bank groups, especially those representing the largest institutions, did little in the way of a public campaign against the provisions in the stablecoin bill that could disintermediate traditional banking, but are picking up steam for the upcoming market structure fight.

Stephanie Mier is the Chief Insurance Officer at ServiceUp, an all-in-one tech platform transforming how fleets and insurers manage vehicle repairs. She has spent the past two decades in the Insurance Industry, building auto claim departments, specializing in accident management, writing policy, and launching products to focusing on decreased overall risk, customer retention and acquisition. Prior to ServiceUp, she spent the last 8+ years in the fintech mobility space, building Insurance for Turo, Fair Financial, Kyte on demand rental, and was a founding member to PAKT Embedded Insurance Brokerage. 

The lender, which uses existing credit balances to fund installment loans, has linked to Samsung Pay and plans other partnerships in the future to build a global merchant network.

New data from American Banker finds that use cases for intelligent automation are growing across banks and credit unions alike, such as fraud and lending.

Businesses accepting payments in stablecoins on a public blockchain are making vast amounts of data available to their competitors. For the technology to really take off, a privacy-preserving solution is needed.

Affirm and FICO earlier this year took the first steps to incorporate buy now/pay later loans into consumer's credit reports. But it will be some time before lenders start making credit decisions based on the short-term installments, even if holdouts like Afterpay and Klarna decide to report to the credit bureaus.

The stablecoin issuer said revenue and reserve income increased due to more stablecoins in circulation after its IPO and the passing of the GENIUS Act.

The Toronto-based bank has promoted Kevin Li to take over as head of its American operations. He will succeed Shawn Beber, who is retiring.

Core CPI, which excludes food and energy, rose to 3.1%, up from 2.9% in June.

The bank teller, Khalila Cooper, embezzled $34,000 over a six-month period. She has been banned from the banking industry for her "personal dishonesty," the Fed said.