It should offer some form of guidance to spur innovation, a former official with the bureau says.

It's time to establish a fintech commission.

AI can be utilized for back-office efficiencies like conducting compliance tasks and automating manual, paper-based processes. This redirects resources and human capital in a way that is likely to increase productivity, says Episode Six's John Mitchell.

Revenue growth, especially at scale, is never an accident, and requires a different approach to payments management, says Chargebee's Krish Subramanian.

As the number of payment types and channels increase, manual processes to handle fraud can rapidly become unmanageable, says The ai Corporation's Oliver Tearle.

It's time to establish a fintech commission.

In an international expansion move, AI-powered grocery cart startup Caper has begun a pilot with one of Canada’s largest grocery chains, Sobeys, at a suburban Toronto location.

At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong.

BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.

The custody bank has deployed more than 300 bots and is using artificial intelligence throughout the organization.