Bank technology

One of the benefits of the Clarity Act is that it would codify much of digital asset firms' anti-money-laundering responsibilities. This is good news for banks that have been understandably nervous about counterparty risk.

The bank's strategy for getting from experimentation to measurable ROI is a model others should consider.

Princeton Professor Markus Brunnermeier warned bank regulators to get ahead of the risks AI poses to banks and markets.

JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.

Banks are investing in ever-more capable technology, from new banking apps to AI-enabled back-office systems. But what keeps customers coming back continues to be their relationships with real bankers.

Financial institutions were among 300-plus U.S. organizations robbed in a 2024 campaign.

The Climate First Bank founder and CEO is surprisingly not part of the anti-data center movement. But he does think the massive, energy-chewing facilities should be built and financed with more forethought.

At a time when the client experience is growing increasingly similar across different banking platforms, the banks that succeed will be those that deliver services tailored to the precise needs of individual customers.

Financial institutions have work to do to give themselves and their chatbots more street cred, experts say.

The BankChain Alliance has signed up 40 state bankers associations, which are bringing along many of their nearly 4,000 members.

Brent Reston will serve as BMO Financial Group's inaugural chief digital officer; LCNB Corp. appoints Susan Zaunbrecher to its board; HSBC and Standard Chartered complete a bank-to-bank tokenized deposit transaction on Swift's blockchain-based ledger; and more in this week's banking news roundup

T-shaped teams help banks measure AI impact by defining outcomes upfront, tracing results to AI and rolling them into business impact at the enterprise level.

Bankers in the U.S. can learn a few things from watching the rollout of the European Union's new AI Act. Specifically, they should notice the gaping hole where rules about identity verification ought to be.

Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.

The march toward tokenization of assets includes a storied Wall Street firm offering its latest fund on four distributed ledgers.

Bankers, particularly at the midsize and regional level, should be on the lookout for more opportunities to develop networked solutions to common problems, such as know-your-customer operations and fraud detection.

The world's largest neobank had a strong quarter as it prepares to launch a bank in the U.S.

The future of on-chain finance in the U.S. is dependent on there being statutory certainty about the rules of the road. The Clarity Act may not be perfect, but passing it is essential to maintaining U.S. leadership in the field.

It's not just about AI and the bank is not walking away from its green goals, Karen Fang, the initiative's leader, told American Banker.

This is the first in a three-part series on measuring AI impact. Subsequent pieces will explore related organizational and methodological challenges.