Introducing AI Answer Engine
New in American Banker, readers can search news and analysis to find what they need, powered by a hybrid AI search engine.
Stablecoins could boost the utility of customer loyalty programs
A world of hundreds if not thousands of stablecoins sounds chaotic – but that’s because we’re still thinking of stablecoins as money. Consider their potential for strengthening customer loyalty and engagement.
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Neobank Dakota launches stablecoin platform for businesses
The fintech, founded by an ex-Coinbase executive, seeks to offer stablecoin-powered global money movement services to businesses.
Banks remain most breached sector as attacks hit record
Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as “stepping stones” to access bank data.
How crypto legislation has banks playing Whac-A-Mole
Legal experts say the underlying economics of stablecoins mean that banning yield payments — banks’ top priority in upcoming crypto market structure legislation — may not be as simple as banks had hoped.
Fed holds rates steady; Powell cites easing economic risks
Federal Reserve Chair Jerome Powell said recent data suggests less tension between the employment and inflation sides of the central bank’s dual mandate, reducing the need for an immediate policy change.
Bankers at Bankwell meetup share hopes for, advice on AI
The Connecticut bank invited rival bankers, lawyers and regulators to share their experiences with and warnings on using AI.
Revolut drops anchor in Mexico, JPMorganChase hires a payments chief
The London-based fintech has launched a suite of financial services as its global expansion gains steam. That and more in the American Banker global payments and fintech roundup.
Amazon changes course on its checkout-free tech
The e-commerce giant, which is in the midst of a corporate downsizing, is discontinuing its Go and Fresh stores and One palm checkout while it repurposes the underlying technology.