Technology

Fast-growing innovation is sparking bullish sentiment following a boom-and-bust cycle of the past four years.

2024 brought important issues front and center for bankers, ranging from the rise of artificial intelligence to the fall of banking-as-a-service.

The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.

The account-to-account payment method has become prevalent in countries such as China, India and Brazil, but adoption has been slow in the U.S. and limited to small- and medium-sized businesses. That paradigm is expected to shift amid continued fintech investment.

Countries around the world have lots of incentives to build an alternative to the U.S.-centric global payments system using central bank digital currencies. The U.S. must get in the game or see its economic might begin to wane.

The Buffalo bank recently shelved in-house startup GrowGrade and folded another, Nota, back into the mothership.

In a collaboration with Coinbase and Flexa, Regal theaters now accept on-chain U.S. digital currency payments for movie tickets and concessions; the Bank of Nova Scotia has completed its second investment in KeyCorp; Fiserv entered into a definitive agreement to acquire Canadian-based payments fintech Payfare; and more in this week's banking news roundup.

Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.

In 2024, some banks were reluctant to publicly discuss their AI projects while others couldn't wait. Here's a look at the AI stories American Banker readers clicked on the most.

With transparency, security and reliability embedded at its core, a blockchain is not merely a way to enhance existing systems — it represents a model for what banking should aspire to be.