The security company OneSpan has launched a new line of such products for financial institutions. Some are skeptical that stand-alone authentication devices are necessary.

Facing calls for more transparency around its account-granting processes, the central bank has proposed making a public database of institutions with access to its services.

The state's largest banks posted solid third-quarter loan growth and earnings. But Hawaii's tourism-heavy economy is vulnerable to lofty inflation and the threat of a downturn.

The payment company, which is downsizing, plans to expand into markets where merchants are increasingly migrating to digital commerce.

Bank-to-bank transactions that currently take two days could be settled in 10 seconds using central bank digital currencies and blockchain technology, the reserve bank finds.

The payment platform will let institutional clients distribute digital payments more efficiently, using low-code software and artificial intelligence.