Bank technology

A new International Monetary Fund working paper highlights how inadequate data sharing leaves the U.S. banking sector vulnerable to transnational fraud syndicates.

The stablecoin provider recently applied for a national trust bank charter from the OCC after acquiring a New York trust charter last year.

The topic of AI implementation came up on several big banks' first-quarter earnings calls. Morgan Stanley CEO Ted Pick said Wednesday that the firm views AI as a friend.

Nir Zuk, who founded cybersecurity firm Palo Alto Networks and retired from the firm last year, has applied to acquire voting shares in Liberty Bank, N.A.

The deal between OpenAI and personal financial management startup Hiro Finance, the second of its kind for the AI company, will lead to the sunset of the Hiro platform next month.

Surjit Chana, a board member of Beneficial State Bank, a Harvard Fellow and a tech committee member of the Global Alliance for Banking Values, explains why there's a need for what he calls a moral architecture for AI

Autonomous large language models sometimes do things they absolutely should not, such as suddenly go off and mine cryptocurrency. Here's what AI-forward banks can do about this problem.

The tokenization platform provider, which has a nonbinding agreement with NYSE and is aiming for a public debut, promoted former SEC Trading and Markets Director Brett Redfearn to the role.

Artificial intelligence giant Anthropic warned that its vulnerability-scanning AI tool could be used to break operating systems. Is it a systemic risk?

After a nearly two-decade long "ice age" in which few new banking charters were granted, regulators have shrugged off a zero-failure mentality and are allowing some risk back into the system.

The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.

The payments processing firm recently filed for Chapter 7 bankruptcy with a nearly $3 million disputed charge owed to a subsidiary of Global Payments.

American Banker data found that those who upped artificial intelligence spending by more than 25% in the last year saw major improvements in employee output.

Banks' core ledger systems are a sclerotic holdover from the past. The future belongs to the banks that set them aside and allow transactions to close in real time.

The one-click checkout fintech, which launched its own "super app" last year, reduced its current workforce by about 30% last week.

Financial institution members of The Knoble will be using AI to monitor transactions around the soccer games for signs of trafficking and share suspicious activity information with each other.  

The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.

The digital bank launched Big Business Banking, an interface for businesses to manage fiat and crypto assets in the same place and conduct 24/7 transactions.

As the CFPB reconsiders its open banking rule, banks and fintechs are locked in a bitter battle over who will pay for the new digital infrastructure.

The exit highlights the steep challenges and high customer acquisition costs foreign fintechs face when entering the U.S. banking sector.