How Ramp set up a data cloud to democratize AI
Employees throughout the company can use generative AI to query data from sales calls, email, invoices and a host of other information sources.
Illinois community bank hopeful after year of restructuring
Midland States Bancorp has completed three major asset sales in the past 12 months, exiting national business lines and shifting focus to its core community banking franchise.
GAO to investigate FHFA’s Pulte over mortgage fraud claims
The Government Accountability Office has agreed to investigate Federal Housing Finance Agency Director Bill Pulte for allegations of misuse of power and violations of federal privacy laws
Apple’s EU concessions open a door for Visa
The card network is making a digital wallet push following the Digital Markets Act, which dilutes Apple’s control over mobile payments technology.
Bank servicers lead new J.D. Power digital app rankings
Bank of America was the leader in this study, with Rocket as the only nonbank mortgage lender which got a score higher than the industry average.
In the stablecoin era, what counts as a ‘dollar’ is getting complicated
What is a dollar? Noelle Acheson highlights how stablecoins are underlining the ways in which the absence of an official definition can have geopolitical and macroeconomic consequences.
Payment fintechs pump the gas for an on-chain world
Circle’s Dante Disparte and Block’s Owen Jennings discuss how blockchain, crypto and AI can combine to open new lanes for international commerce. Payment experts say banks need to play catch up.
Hemp ban chills prospects for progress on cannabis banking
Congress’ recent ban on nearly all forms of intoxicating hemp products signals a sharp political turn away from rescheduling, making the prospects for cannabis banking reform even more dim than they already were.
Feds seize website used in massive crypto scheme
While banks welcome the “whole-of-government” approach that led the effort, private sector takedowns remain difficult without federal warrants.
Nubank co-founder Cristina Junqueira sets sights on US market
After two successful international expansions, Junqueira aims to bring Nubank’s products to U.S. consumers even as the neobank faces strong competition from U.S.-based banks and fintechs.