Browsing: Banks

Key insights: U.K. banks are considering a locally based payment network, and Americans are big contributors to spending influxes in Italy for the Olympic games. What’s at…

Doubling down on what has worked in the past — especially if it’s still working now — may inadvertently trap banks into business models ill-suited for…

Key Insight: Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed is exploring ways to reduce banks’ regulatory costs associated with mortgage lending and…

Key insights: ACH Network volume is on the rise as checks decline. What’s at stake: The growth could reduce bank deposits and card payments. Forward look: Nacha has…

Two Australian lenders are hitting borrowers with interest rate hikes larger than the Reserve Bank’s February increase, but there is a silver lining. The recently-merged Unity…

Key insight: New Treasury protocols use high-performance data processing to review millions of past records for links to cartels and benefit fraud.What’s at stake: Banks in…

What’s at stake: A quantum attack on a top bank’s payment access could trigger a cascading failure costing the U.S. economy up to $3.3 trillion.Supporting data:…

(Bloomberg) — The Federal Reserve has signaled to lenders it plans to abandon some of the confidential warnings it previously sent them to improve operations as…

Key insight: It’s unclear how hard a downturn in the software sector would hit banks’ balance sheets, but for now, their relative dependability is buoying their…

Key insight: Generative AI instantly fabricates convincing financial and identity documents.What’s at stake: Increased fraud undermines onboarding, compliance and anti-money-laundering controls at banks.Expert quote: AI-created documents…