Technology

The groundwork for a system of international payments that bypasses the sclerotic SWIFT network has been created. Now the banking industry needs to get behind the switch to blockchain-based payments.

International remittances are a key use case for Visa's stablecoin strategy, CEO Ryan McInerney said during its fiscal Q3 earnings call with investors. They also pair nicely with Visa Direct, the company's instant payment scheme, he said.

Artificial intelligence is helping banks and credit unions reduce friction points in their customer experiences and more, per new research from American Banker.

Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.

Like its sibling app Zelle, Early Warning's digital wallet is trying to build a brand that can attract new members. Star One Credit Union is an early win.

The corporate cash management fintech acquired ATOM to extend treasury management services to its business customers and raised funds from PNC and State Street.

The New York bank is the latest to offer generative AI to all its employees and agentic AI to developers. Chief Information Officer Marco Argenti explained the bank's next steps with the technology.

A huge percentage of Americans, particularly Gen Z and millennials, score poorly on financial literacy tests, with predictable consequences. AI-powered agents would help empower them.

Fedwire has migrated to ISO 20022, a messaging standard designed to make it easier for digital real-time processing rails to work together. It's a difficult lift for banks, but the agency promises it will be worth it.

First-party fraud — customers claiming they never made a transaction when they know full well they did — is a growing problem for banks. An emerging host of vendors including Socure are offering machine learning models that detect this.