top-ten-060118.jpg
Shari Van Cleave 5
How Wells Fargo is exploring the future of digital banking
Shari Van Cleave, head of Wells Fargo Digital Labs, says the bank is experimenting with artificial intelligence and augmented reality to create new ways to present data to customers.

(Full story here.)
Citizens Bank signage.
Citizens makes big mortgage move with $500M acquisition
The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.

(Full story here.)
Amex's evolving blockchain
Has Amex found a data gold mine with its rewards blockchain?
The credit card issuer has built a distributed ledger through which merchants create their own membership rewards and get access to detailed information on purchases and the success of promotions.

(Full story here.)
AB-052818-LIBOR (6).png
Uneasy transition: Banks prepare for Libor's demise
The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.

(Full story here.)
Face recognition
Facing up to bias in facial recognition
The recent outcry over government use of Amazon's facial recognition software will force TD Bank, USAA and others to confront flaws in the technology that make it harder for women and minorities than white men to use mobile banking.

(Full story here.)
Experian survey result from study on fraud and digital identity
How Capital One sees digital identity as a business opportunity
With the acquisition of Confyrm, the bank is among the few players that are putting themselves in position to sell ID authentication services to other businesses.

(Full story here.)
Acting CFPB Director Mick Mulvaney
CFPB's Mulvaney plots HMDA rollback, but it may not matter
Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.

(Full story here.)
Tim Sloan, president and chief executive officer of Wells Fargo.
Sloan addresses Wells Fargo's AML snafu, but big questions remain
Speaking at an industry conference Thursday, Wells Fargo CEO Tim Sloan left open the possibility that employees intentionally falsified important regulatory documents.

(Full story here.)
Federal Reserve Board Gov. Lael Brainard
No, regulators did not gut the Volcker Rule
The proposal to ease compliance with the Volcker Rule was portrayed as a rollback of the Dodd-Frank ban on proprietary trading. But it wasn't — here's why.

(Full story here.)
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau.
CFPB looking to hop on fintech sandbox bandwagon
Mick Mulvaney, the agency's acting director, suggests U.S. startups — like their U.K. counterparts — may eventually be able to test products without fear of regulatory action.

(Full story here.)