PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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In what is likely his final speech before resigning as chair of the Federal Deposit Insurance Corp., Martin Gruenberg warned that novel products and services heralded as "innovation" often lead to financial crises without appropriate attention to market and supervisory fundamentals.
January 14
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The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.
January 14
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The finalized rule adds flexibility to the capital rules applied to the Federal Home Loan banks to help them extend credit to their members.
January 14
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Douglas McManus served as director of financial research in the Office of the Chief Economist at Freddie Mac until he retired on July 9, 2024. Mr. McManus received his Ph.D. in economics from the University of Pennsylvania.
January 14
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Michael Bradley served as the senior vice president of models and analytics in the Freddie Mac Single-Family Acquisitions Division until he retired on July 1, 2024. Mr. Bradley received his Ph.D. in economics from the University of Illinois.
January 14
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The largest U.S. bank by assets has elevated Jennifer Piepszak to chief operating officer, in preparation for Daniel Pinto's retirement in 2026. But Piepszak is not interested in being CEO, the company said.
January 14
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At banks like Citi and SouthState, generative AI models are put through additional rounds of testing before they make it into the pilot stage.
January 14
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Banks seeking to offload CRE assets are finding a receptive marketplace while regulators have managed to keep the situation in balance, observers say.
January 14
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Simon Paris, outgoing CEO of Finastra, is moving to Unit4 in February.
January 14
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Digital transaction risk draws attention to dynamic CVVs for cards.
January 14
