Bankers say AI is not eating jobs, yet
New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.
Subscriptions are more than just bills for Visa and Mastercard
Recurring payments for stuff like streaming content can get lost in the shuffle, creating an opportunity for the big card brands.
Bitcoin may not be dead, but it needs a new hook
Quantum computers are one dire threat for cryptos, but public disinterest is a bigger one.
Crypto needs the yield compromise more than banks do
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
Introducing AI Intelligence on American Banker
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
BaaS and payments are becoming intertwined: Citi’s Will Artingstall
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi’s Services business, sat down with American Banker to discuss the firm’s banking-as-a-service business and how it fits into its larger corporate payments strategy.
Trustmark promotes exec, setting him up as potential next CEO
Thomas Owens, Trustmark’s current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
OCC scraps bank-recovery plans
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration’s deregulatory push.
On-chain investments could drive payments growth
American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
Deal will bring N.C.’s Fidelity Bank into Atlanta area
The bank’s planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry’s appetite for mergers.