With the current economic environment and rise in interest rates, community banks may find the credit card market increasingly complex to operate internally. Learn why shifting from insourcing to outsourcing your credit card program can benefit your financial institution.
There was great optimism amongst community advocates when the Biden Administration made equality in homeownership a cornerstone of its fiscal policy. However, over the past two years, the homeownership gap between Black and White Americans has widened. Today, this racial homeownership gap is wider than it was during the Jim Crow era, when explicit redlining was legal.
Leaders of many of the biggest tech companies recently signed an open letter calling on all AI labs to immediately pause the training of advanced artificial intelligence systems. Seth Dobrin, advisor to the Responsible AI Institute and former chief AI officer at IBM, shares his thoughts on where banks should be careful about using AI.
While RTPs are a big opportunity for everyone, faster payments also make common fraud schemes more successful, putting consumers and businesses at risk for schemes including Account Opening fraud, ATOs Authorized push payment fraud, Money Mules and AMLs.
As donor-advised funds (DAFs) continue to surge in popularity, they open new opportunities for organizations and institutions to retain and bring in new clients.
