Bank technology

Prashant Mehrotra says he runs AI use case ideas through a disciplined framework before proceeding.

Community banks have long been reliant on — and constrained by — a handful of core-banking technology vendors. But enterprise artificial intelligence licenses offer the chance to transcend those limitations.

The technology giant's patents, which were built for banks and credit unions, will enhance the USDC issuer's intellectual property as more banks enter the stablecoin market.

The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.

The founder and CEO of Custodia Bank believes most demand deposits in the U.S. will be tokenized.

The OCC conditionally approved the lender's de novo application. Upstart Bank's proposed CEO spoke with American Banker about the review process.

BNY's Robin Vince and Nubank's David Velez have joined the boards of the OpenAI Foundation and OpenAI Group Public Benefit Corporation; Old National Bancorp has revamped its top leadership teams; City National Bank appointed Lindsay Dunn executive vice president and head of personal and business banking; and more in this week's banking news roundup.

The global co-head of J.P. Morgan's blockchain business unit says the financial services industry will be "replatformed."

The head of global operations at Anchorage Digital said she's encountered a lot of skepticism about the need for digital asset infrastructure.

The chairman and CEO of Vast Holdings, parent of Vast Bank, believes banks that don't embrace innovation will be at risk.

The chief operating officer of Bitgo says banks will need flatter organizations when they participate in on-chain finance.

The Hugging Face breach gives bank executives reason to rethink some of their technology choices.

The company, which has conditional approval for a bank charter, hit a $1 billion valuation with fintech exec backing from firms such as Nubank and Revolut.

The intrusion did not affect the financial industry directly. But it presents a warning to banks that are deploying agentic AI.

A study of consumer-banking queries fielded by ChatGPT, Claude, Gemini, Perplexity and Google AI Overviews found the nation's largest bank has nearly a third of the models' mindshare.

As the regulatory landscape for digital assets becomes clearer, it is vital that stablecoin reserves, custody and settlement services, and the provision of liquidity not be concentrated within a small number of companies.

The neobank fintech built investing services into its mobile banking app as it anticipates the potential of rollovers from newly-opened Trump Accounts.

In a new paper, the frontier model creator shares how its LLM processes information and generates responses. This could open doors to training, interpretability and governance issues for banks that aim to use it.

Carolyn Weinberg, chief product and innovation officer at BNY, sees blockchain adoption as a way for banks for modernize practically.

Regulatory clarity is the most important element for the digital future, according to Coinbase's Brett Tejpaul.