The banking-as-a-service company is still going through bankruptcy proceedings and millions in customer funds remain missing, but founder Sankaet Pathak has already made a fresh start and won venture capital support.

Social Security numbers are a dime a dozen on the black market, so cybercriminals are going after bigger and more sophisticated databases.

Banks are concerned about the lack of clarity regarding legal liability in the Consumer Financial Protection Bureau's open banking rule, and fear that they will end up on the hook for data breaches or unauthorized transactions caused by a fintech or data provider.

If efforts to make AI-based loan decision models less discriminatory degrade accuracy, that is problematic for the entire industry. 

The Salt Lake City bank recently completed what was arguably the first successful large-scale U.S. bank core transformation from an international core provider. Few banks are following in its footsteps. 

Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.

California has a pending law that would hold banks liable for three times the amount of a loss if they had reason to suspect financial exploitation of an older customer and did nothing about it.

Banks are boosting their use of new machine learning to improve security risk, but securing international transactions presents a different set of challenges.

Even as quantum computers still can't break encryption, the banking industry has been preparing for more than a year to start switching to post-quantum cryptography.