Banco Popular de Puerto Rico

David Reilly describes two initiatives in which Bank of America nurtures innovative young tech companies, and adopts many of their ideas in-house.

David Reilly, technology infrastructure executive at Bank of America shares how the intensified rules around vendor management have changed how and with whom the bank does business.

Financial Services Roundtable CEO Tim Pawlenty discusses how banks can better sell themselves to new, young professionals, and how financial services firms are going to increasingly resemble technology companies.

David Reilly, technology infrastructure executive at Bank of America, is using software-defined networks to bring efficiency to its immense IT infrastructure.

Bud Foshee, the chief financial officer of ServisFirst in Birmingham, Ala., discusses the bank's recent IPO, its growth strategy and how it gets the best of larger banks.

Amex has rules that bar merchants from steering their customers to a particular card – perhaps by offering a discount if you use Visa – and the government alleges that these rules violate antitrust law. What’s this case all about? American Banker's editors discuss.

Twenty years ago, the decentralized open architecture of the Internet was inspiring entrepreneurs worldwide to build products and services while skeptics rolled their eyes and wondered why anyone would want to use this slow, rudimentary, obscure technology. Jeremy Allaire, a veteran of the early Web days and now the CEO of startup Circle Internet Financial, sees parallels between that era and the current state of digital money.

More merchants are interested in accepting payments on tablets and phones, and they have many choices of providers. What are banks and vendors doing to set themselves apart?

Jeremy Allaire, CEO of Circle Internet Financial, explains how his company follows anti-money laundering and know-your-customer regulations in a field associated in the public mind with anonymity and black markets. He also discusses the risk-based approach to AML and why compliance won't necessarily undermine Bitcoin's cost advantage as a payment system.

Following a wave of enforcement actions against global and national institutions, regulators are now scrutinizing the anti-money laundering controls of community banks, says Walter Mix, a consultant and former regulator. Examiners are raising questions about banks' transaction monitoring systems, as well as the documentation supporting decisions about enhanced due diligence (such as whether to file suspicious activity reports), he says.