Compliance

Jennifer Taylor at Citibank and Jodi Richard at U.S. Bank are driving a rethinking of how to tackle the risks banks face using technology.

The new payments solution promises to be the first step in a broader move into financial services.

As the president's policy changes on a dime, machine learning can quickly alter strategies for compliance, payments and supply-chain management.

Regulators said the payment company did not provide sufficient customer identification and monitoring, increasing risk for its transfer app. This week's fine follows earlier penalties in other states and the federal government.