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Technology companies have pushed machine learning as a way to combat a fraud threat that's increasing in size and sophistication, and there are signs emerging security innovation is making a difference.

As major vendors consolidate, financial institutions should be looking to adopt emerging technologies, rather than relying solely on legacy firms to provide services.

The order coincides with concerns about China’s ambitions to dominate the sector and the likelihood of disruption for workers as the technology automates millions of jobs.

Among the 2018 highlights for the Honolulu-based credit union were a 108% rise in net income.

The company on Monday also announced an initiative to boost economic opportunities for African-Americans that will focus on job training, career-leadership pathways and wealth building.

Regulators should clarify rules around deposit-advance products so that banks can serve consumers seeking short-term loans, like those affected by the recent partial closing of the government.

The Federal Reserve’s top regulator, who assumed the chairmanship of the international board in November, said the FSB should explain the rationale behind its financial benchmarks while establishing new ones to combat emerging threats.

The Fed vice chair says regulators need to be on the “cutting edge” at spotting vulnerabilities; firm looks to win over future millionaires.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon debuts video shopping; Phishing campaign hits credit unions; New cash in the U.K.; Companies line up for post-Brexit licenses.

Boat sales have increased since the financial crisis, creating an opportunity for credit unions, but a number of risks mean institutions should tread carefully.