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St. Mary's Bank in New Hampshire tries to serve members as it has for 116 years, while dealing with today's cybersecurity and fraud concerns.

Independence Bank of Kentucky said 14 customers had reported receiving the bills, which included text such as "for motion picture purposes."

The company, a pioneer in AI-based lending, says improvements to its models and long-term commitments from the banks it works with will bring about positive returns in the third and fourth quarters. 

As member demand for installment payments increases, resource-strapped institutions are looking for outside help. Fintechs offer the service.

EverBank Financial in Florida said the deal would give it $900 million of loans and $2 billion of deposits. Should the deal close in early 2025 as planned, it would end a long saga for Sterling.

Artificial intelligence is going to be integrated into the financial system. So, banks need to be clear-eyed about its potential dangers, and proactive about avoiding them.

Federal Reserve Vice Chair for Supervision Michael Barr conceded major points to the industry on last year's capital reform proposal. But how regulators will approach other reforms in light of that experience is uncertain.

A new OCC action over the megabank's anti-money-laundering guardrails, which follows news of seemingly more severe lapses at TD Bank, is raising concerns that a broader crackdown is at hand.

Banks now have until Oct. 30 to weigh in on potential risks of third-party fintech partnerships for banking products and services.

Community bankers have found that demonstrating efficiency, providing proper training and describing use cases can help get employees on board with AI products.