financial institutions

CFPB Wants to Set the Rules for How Banks Use AI
CFPB Wants to Set the Rules for How Banks Use AI
August 13, 2024  |  artificial intelligence

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to...

READ MORE >
Fed Action Against Customers Bank Underscores Crypto’s Challenges
Fed Action Against Customers Bank Underscores Crypto’s Challenges
August 12, 2024  |  Cryptocurrency

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers...

READ MORE >
77% of Consumers Expect Banks to Use AI to Fight Fraud
77% of Consumers Expect Banks to Use AI to Fight Fraud
August 12, 2024  |  Fraud Prevention

Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers...

READ MORE >
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
August 07, 2024  |  Bank Regulation

The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on...

READ MORE >
NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential
NCR Voyix: $2.5 Billion Sale to Veritas Verifies Digital Banking’s Long-Term Potential
August 07, 2024  |  Digital Banking

Publicly traded companies are marked to market each and every day. And when quarterly results roll in, investors parse the data, the top line and...

READ MORE >
Banks Eye BNPL as Way to Reach Gen Z
Banks Eye BNPL as Way to Reach Gen Z
August 07, 2024  |  Buy Now Pay Later

As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL)...

READ MORE >
Blend and Astra Partner on Card Funding of Deposit Accounts
Blend and Astra Partner on Card Funding of Deposit Accounts
August 05, 2024  |  Partnerships

Blend and Astra have partnered to enable financial institutions to add card funding to their deposit accounts. With this collaboration, financial institutions that use Blend’s platform for...

READ MORE >
CSI Unveils Developer Portal for Community Banks
CSI Unveils Developer Portal for Community Banks
July 30, 2024  |  Banking

Financial software provider CSI has debuted a developer portal for community banks. “In addition to a growing list of integrated fintechs and integrators, CSI community...

READ MORE >
US Regulators Issue Joint Statement on Bank-FinTech Partnerships
US Regulators Issue Joint Statement on Bank-FinTech Partnerships
July 26, 2024  |  Bank Regulation

Three federal bank regulatory agencies said Thursday (July 25) that they are considering “additional steps” to ensure banks effectively manage risks associated with bank-FinTech arrangements....

READ MORE >