The Ohio bank sees 10% to 15% cost reductions coming from using generative AI in software development, customer service, personalization and other areas.

Block's transfer service partnered with fundraising and donor management platform Givebutter for philanthropic payments in an effort to capture even more young consumers' payment volume.

Noelle Acheson points out that crypto custody is about more than incorporating new assets into an established service; it's about reshaping how we see standard financial concepts and using the resulting innovations to rethink client relationships.

From FedNow to Venmo, banks are tapping QR codes for speed and security. Scammers are also exploiting the blind trust they elicit.

The Office of the Comptroller of the Currency announced that Stephen Lybarger will assume the role of Senior Deputy Comptroller for Chartering and Will Giles will be Principal Deputy Chief Counsel amid a surge in fintech and crypto trust charter applications.

Researchers warn the Android banking trojan can steal money, drain crypto wallets and enable NFC relay fraud.

The Office of the Comptroller of the Currency is telling financial institutions that they must safeguard customer data even when federal agencies request information in criminal investigations, addressing Republican concerns about debanking that arose after the Jan. 6 Capitol attack.

Bank clients of Jack Henry's digital platform provider Banno can offer stock rewards programs directly to their customers via a partnership with Bits of Stock.

Predators often target boys ages 14 to 17, demanding money or using deepfakes to extort them.

A critical U.S. cybersecurity law sunsets Sept. 30, and banks say losing it would weaken defenses against hackers.

A cohort of U.K.-based fintech founders are fundraising to launch a digital bank for high net worth individuals, known internally as "Project Arnaud."

Jeffrey Stanley and Mark Paverman have been charged with mismanaging Synapse Brokerage accounts and failing to preserve emails and instant messages, among other things.

The Canadian institution plans a U.S. tokenized deposit, contending that it can help banks keep and grow deposits amid threats from fintech-issued cryptocurrency. Founder and President David Taylor is encouraging others to do the same.

The payment company is incenting users to adopt Perplexity's Comet Browser, automating subscription management and shopping as card networks and other payment companies ramp up use of generative artificial intelligence.

The wireless service plans join a variety of banking and payment products offered by OnePay, a fintech company backed by the big-box retailer Walmart.

Credit Union of Colorado is using Scienaptic AI to make about 60% of consumer loan decisions. 

The database contained internal user emails, KPI report templates and other internal data, but no personal or financial customer data.

Noelle Acheson points out that central bank digital currencies are neither the threat nor the solution many seem to think. What matters is how the technology is applied.