BNY's Barker on what really concerns clients about AI and payments

Jennifer Barker, the bank's global head of payments & trade and depository receipts, says people are more worried about the outcome than how transactions occur. That creates a greater bank role for…

americanbanker.com

CAMELS overhaul prompts calls for clarity on ‘material financial risk’

Trump-appointed bank regulators have pledged to focus on material financial risk. Commenters called for a clear definition of that term in proposed changes to CAMELS ratings.

buff.ly

Check-fraud case highlights insider risk for banks

A former Regions Bank employee who's been banned from the industry was allegedly part of a fraud ring that cost the bank roughly $400,000.

americanbanker.com

The next AI phase is better agents not bigger models

Agentic AI success depends less on selecting models and more on building strong organizational foundations

techradar.com

Dive Deposits: 4 takeaways from Jonathan Gould’s Wyoming appearance

The OCC chief made crypto-inclusive remarks at a blockchain symposium, adding that protecting traditional banks is not his job.

bankingdive.com

Schools are starting to teach AI literacy. For many, that means helping kids see chatbots' flaws

AI chatbots have become the bane of teachers everywhere. But a growing number of U.S. public schools are now encouraging a new strategy: Bringing AI into the classroom, partly so students can see its…

apnews.com

Deutsche Bank freed from consent order in 2010s FX scandal

A Federal Reserve enforcement action against Germany's largest bank was the last of the consent orders remaining from the Obama-era violations. Between 2007 and 2013, foreign exchange traders from…

buff.ly

The AI 'death zone' is here and most corporate AI strategies are standing in it | Fortune

Chinese models just swept the top five spots on the world's largest AI marketplace. American labs still own the frontier. Don't get caught in between.

fortune.com

CFTC bans ex-FTX execs from trading

Caroline Ellison and Gary Wang are prohibited from trading for five years from the date of their initial consent orders.

bankingdive.com

Stripe beefs up AI as it encroaches on banking

The payments company has acquired artificial intelligence firm OpenRouter in a deal that comes as banks consider strategies for large language models and Stripe is rumored to be in talks to buy…

americanbanker.com

Want to muck around with a real quantum computer? Now you can

A new facility in Queensland will allow researchers from academia and industry to test new ideas on a real quantum processor.

theconversation.com

What small businesses want from their banks' AI

As banks consider how to expand relationships by selling new uses for artificial intelligence, getting clients to trust the innovation is a major challenge.

americanbanker.com

Klarna’s growth hits speed bump

The buy now, pay later player won’t live up to its financial forecast for this year because of a slowdown in one of its largest markets.

paymentsdive.com

Fintech investment continues to focus on large private deals

As the fintech IPO market is on pause and the total number of deals decreases, select firms are still collecting sizable equity checks from private investors.

americanbanker.com

SEC proposes crypto rules amid Clarity stall

The proposal will establish a framework for crypto firms to raise capital under federal securities laws and also includes a conditional safe harbor from being deemed an investment contract.

bankingdive.com

SEC sues three ex-Tricolor executives over bond fraud

The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.

americanbanker.com

Doxo to pay $2.1M settlement

The online bill-pay company agreed to settle a case brought by the Federal Trade Commission over deceptive ads and undisclosed fees.

paymentsdive.com

Three simple steps for banks to measure AI's ROI

T-shaped teams help banks measure AI impact by defining outcomes upfront, tracing results to AI and rolling them into business impact at the enterprise level.

americanbanker.com

Tokenized deposits are here. Banks need to manage the risks.

Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.

americanbanker.com

Old Glory Bank, SPAC scrap merger plans

The bank said last month it may have to pursue “a sale or organized wind-down” if the deal wasn’t consummated, because it lacked sufficient capital to satisfy regulators.

bankingdive.com

Rain, Visa, Mastercard form agentic AI standards group

The stablecoin technology firm and about two dozen companies have joined to standardize authorization and other risk management for agentic commerce.

americanbanker.com

Court fight pits bank CEO vs. her former executive assistant

Litigation involving Amalgamated Bank highlights the risks that banks may face when highly-placed employees leave their jobs on bad terms.

buff.ly

New anti-deepfake rules ignore a key risk AI creates for banks

Bankers in the U.S. can learn a few things from watching the rollout of the European Union's new AI Act. Specifically, they should notice the gaping hole where rules about identity verification ought…

buff.ly

Stripe acquisition may bolster its AI strategy

If the company completes a prospective acquisition of OpenRouter, it will set itself up to be at the center of artificial intelligence token payments.

paymentsdive.com

Goldman Sachs to buy real estate investment firm for $410M

The acquisition of LCN Capital Partners, set to close by year-end, marks the second nine-figure-or-higher transaction for Goldman in the past week.

bankingdive.com

IAB revisits AI disclosure in ads as legal requirements multiply

With a string of new legislation creating a patchwork of rules, the group is attempting to establish an industry baseline, but implementation remains murky.

marketingdive.com

Not every company that wants a bank charter ought to get one

The industrial bank charter is attracting increased interest because of the combination of innovation and safety it offers. However, charters should only go to companies that can meet a rigorous set…

americanbanker.com