Browsing: Banking
Key insight: Senate Democrats led by Elizabeth Warren are urging bank regulators to withdraw an October proposal that would narrow…
Key insights: Amazon has cut its palm payment technology amid larger cutbacks. What’s at stake: The technology is designed to streamline…
Key takeaway: Federal Reserve Vice Chair Philip Jefferson highlighted the potential for artificial intelligence to boost worker productivity, which could…
Key insight: It’s unclear how hard a downturn in the software sector would hit banks’ balance sheets, but for now,…
Key insight: Threat actors likely used “vishing” or voice phishing to compromise IT support at a third-party vendor, believed to…
Key Insight: Feedback from representatives of the fintech and crypto industries warn that access restrictions and balance caps could curb…
Key insights: Visa and UnionPay will connect Visa Direct and UnionPay’s MoneyExpress platform. What’s at stake: Visa, Mastercard and other companies…
Two years on from a report recommending the creation of a resolution fund to guard against disorderly bankruptcies, concentration among…
What’s at stake: A Brooklyn banker admitted to bypassing know-your-customer protocols to open accounts for shell companies that billed Medicare…
Key insights: Affirm is testing a new AI tool, called BoostAI, that allows merchants to perform advanced split testing of…