The arrival of James Gorman as the new CEO of Morgan Stanley has led to several executive moves. The institution has given Thomas Nides, chief administrative officer, more technology and operations responsibility. Jim Rosenthal, who had been head of technology and operations, will be COO of Morgan Stanley Smith Barney and head of corporate strategy. The Payments Processing Information Sharing Council has appointed vocal council advocate and Heartland Payments Systems chair Bob Carr as committee chair. Other members include Rick Van Luvender, director of InfoSec Incidence Response, who was named vice chair. Fiserv vp of industry relations Stuart Williams was elected vice chairman of NACHA's council for electronic billing and payments. Jim Fitzpatrick is Experian's new CIO, joining Experian from Integnology, where he was COO. Algorithmic trading tech firm Progress Software has named John Bates CTO.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





