Community bankers pessimistic about ‘soft landing’ for economy
Stock markets have shot up as investors grow hopeful that the United States will avoid a recession. But nearly 3 in 4 community bankers are less optimistic that the Fed will achieve its mission of reducing inflation without causing a downturn, a survey from IntraFi found.
WeChat and Alipay support Visa and Mastercard, U.K. stalls on BNPL regs
Travelers in China can now add Visa and Mastercard to WeChat Pay and Alipay, providing a boost for the country’s tourism industry as it tries to recover from the pandemic. Additionally, British regulators may delay plans to tighten the rules for by now/pay later lenders, partly based on concerns that some of the largest lenders […]
How shutterbug Sophie Schulman brought her career at Visa into focus
A rising payments star — and photographer — is helping the card network reach content creators and new entrepreneurs.
How Carol Juel is leading Synchrony through the hazards of generative AI
The bank’s chief technology officer is testing several ideas for using advanced AI to improve processes and customer experience.
Bank groups petition Fed for stress test rulemaking
The Bank Policy Institute and American Bankers Association want the Federal Reserve to conduct a public review process when determining scenarios for the annual exams. They also want more information on the test’s internal models and formulas.
Fintechs must build an accessible financial landscape for all
As we recognize National Disability Independence Day, it is a moral and ethical obligation to ensure that financial institutions remove barriers that hinder the financial independence of individuals with disabilities.
NatWest CEO goes from star to outcast after Farage row
Alison Rose stepped down after the British government, the UK lender’s largest shareholder, signaled she had lost its confidence after a political dustup.
Elon Musk the banker wants to take on Dimon where Google failed
Elon Musk’s grand vision is to turn Twitter into a one-stop shop for financial services. It’s hardly the first time a tech giant has sought to muscle in on Jamie Dimon’s turf.
Visa tests AI to catch fraud in real-time payments
CEO Ryan McInerney touted the growth of Visa Direct and unveiled a fraud-scoring service called RTP Prevent, which is powered by artificial intelligence, while discussing the card network’s earnings for its fiscal third quarter.
FDIC has liquidated around 70% of agency mortgage assets from crisis
Federal Deposit Insurance Corp. sales from the portfolios of failed Silicon Valley Bank and Signature could be complete by September, according to a report published Tuesday by FHN Financial.