Bank technology

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.

New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.

JPMorganChase, Citi, Bank of America and Anchorage Digital are among the banks that are using or planning to work with the Solana distributed ledger and network. Solana Policy Institute CEO Miller Whitehouse-Levine explains how it works.

A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.

Citizens Financial Group President Brendan Coughlin discusses how AI is changing everything at the bank — from answering questions that previously went to call-center representatives to producing client reports at lightning speed.

The French crypto wallet company is expanding into the U.S. and growing its institutional enterprise offerings as new regulation opens opportunities for digital asset investment.

The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.

The systemic risks posed by stablecoins on public blockchains go further than deposit flight and market dislocation — there's also technology risk. But Noelle Acheson argues that these should be incorporated into guardrails rather than used to stop progress.

Kalshi and Polymarket announced additional anti-insider trading guidelines as lawmakers announced multiple bills aimed at restricting the platforms this week.

A TD Bank expert warned RSAC attendees that criminals use cheap printers, stolen data and AI to bypass identity verification in under five minutes.

JPMorganChase, Invesco and other digital asset leaders are increasingly open to working with public blockchains like Solana as well as private, permissioned ledgers like Ethereum layer 2s.