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Dave Werry is the co-founder, president and COO of Well. With a background spanning two decades of experience in different verticals of the healthcare industry, including at Aetna as VP, Head of Consumer Health Products and Transformation and Global Head of Biotech at PPD, Dave believes every individual deserves access to a trusted health partner. Dave received his B.A. from University of North Carolina at Chapel Hill in Economics and Political Science before graduating with an MBA from Harvard Business School.

Truth.Fi will offer ETFs, cryptocurrencies and crypto-related securities.

The Federal Reserve chair said banks are well situated to handle risks related to crypto customers, but added that regulatory scrutiny of banks' direct engagement with the assets will be greater than for simple custody arrangements.

In the fourth quarter, UMB Financial's earnings outpaced Wall Street's estimates — but the bank it's acquiring, Heartland Financial, fell short of them.

M&A, economic growth and artificial intelligence are among the leading issues banks will encounter this year, economists said.

The Czech Republic's central bank plans to shift billions of reserves to bitcoin. Plus Australia and the Netherlands crack down on BNPL, and other news from the world of payments.

A survey by American Banker indicates that check fraud is the top fraud concern for banks, especially smaller ones. This is driving spending to prevent it.

Joseph R. Mason is a fellow at the University of Pennsylvania's Wharton School and an academic affiliate at the BVA Group. Dr. Mason was previously a professor of finance and the Hermann Moyse, Jr./Louisiana Bankers Association chair of banking at Louisiana State University, a senior financial economist at the Office of the Comptroller of the Currency, and a visiting scholar at the Federal Reserve Bank of Philadelphia and the Federal Deposit Insurance Corp. He holds a doctorate in economics from the University of Illinois at Urbana-Champaign.

The nation's central bank held interest rates steady in its first decision of the year.

The Office of Management and Budget issued a sweeping directive Monday to overhaul the federal government to align with the Trump administration's priorities.