Desmond will be succeeding Pierre Naudé in leading the bank technology provider.

Long-term partnerships between banks and fintechs are the real future of financial services. Pharmaceutical firms' relationships with contract research organizations offer a useful model.

As Elon Musk and his associates gain access to internal computers, Oregon Democratic Sen. Ron Wyden slammed the move and said it poses a national security risk. Musk said the Treasury system isn't adequately fighting fraud and is also attempting to shut down USAID.

The company's software automatically monitored and negotiated bank fees on customers' behalf, with recent expansions into buy now/pay later bill management.

Pressing tech items across banking include the Federal Deposit Insurance Corp.'s impending Synapse rule and Regions Bank's play for an open banking future.

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

Banks and credit unions also extended financial relief to Californians affected by the fires, which have killed 28 people and burned thousands of homes.

Steve Squeri told analysts his firm is prepared to compete with small-business technology providers like Ramp and Brex. He also weighed in on the potential payments behemoth that would result from Capital One's purchase of Discover.

Executives at JPMorgan Chase, BNY and others discussed whether AI will kill jobs and how to work with fintechs at the World Economic Forum annual meeting.

The bank is among traditional financial institutions attempting to counter the gains rivals have made in buy now/pay later.