Banks and consumers report fraud at higher rates than they did before the pandemic, and those cases have continued getting costlier.

As banks deploy AI to cut costs, some face pressure to define long-term value, Finovate speakers said this week.

Mark McArdle advised attendees to remain cautious about the reasons behind implementation of artificial intelligence.

The bank has partnered with a fintech, Zentist, to give dentists a system that automates insurance and billing processes.

As the Consumer Financial Protection Bureau increases scrutiny of earned wage access, cash-back fees and airline rewards, industry lobbyists are pushing back, while some groups cheer the move.

Consumer Financial Protection Bureau Director Rohit Chopra will be looking at whether automation accommodates or undermines potential savings from refinancing.

Banks are finding that they rarely save money off the top when they migrate applications to the cloud. The more substantial benefits are about productivity and speedier development.

Crooks can use deepfakes and other machine learning tools to circumvent traditional authentication security methods. Payment experts discuss how firms can protect themselves.