BNY to launch free training for community bank executives
The giant custody bank plans to offer specialized instruction in cybersecurity, AI and other topics to 1,000 community bank executives.
JPMorganChase, Ant team for real-time ‘onchain’ Asian payments
The bank and Chinese technology giant are speeding transaction processing for business payments, Airwallex makes a deal to bolster its payments tech and more in the American Banker global payments and fintech roundup.
U.S. Bancorp re-embraces bitcoin after end of Biden-era snag
The superregional bank, which pulled the plug on bitcoin custody services in 2022, is reintroducing those services following the demise of an unfavorable SEC rule.
Fintechs move for open banking rule to go forward
The American Fintech Council urged a federal court to deny requests by banking groups to stay the Consumer Financial Protection Bureau’s open banking rule compliance dates while litigation is ongoing.
Brazilian heist highlights real-time payment fraud concerns
Attackers used stolen vendor credentials to move $130M, underscoring vulnerabilities in real-time payment systems.
Stripe slams JPMorganChase’s data fee plan
The payment company claims the bank is trying to “take advantage” of uncertainty around open banking regulations.
JPMorganChase to adopt cash flow underwriting
The bank will deploy Nova Credit’s Cash Atlas software to determine borrowers’ creditworthiness by looking at bank account data, and the vendor’s Credit Passport to bank newcomers to the country.
Banks’ opposition to national trust charters is disingenuous
The arguments banking trade groups are raising against granting charters to digital asset firms are the same scare tactics they used against money market funds, online brokers and fintech lenders.
Senator probes Treasury on Epstein’s banking relationships
Sen. Ron Wyden says Treasury is sitting on thousands of Epstein-related banking records including wire transfers, payments and Suspicious Activity Reports that could expose the financial industry to scrutiny over its involvement in Epstein’s sex-trafficking scheme.
Fed’s Musalem: ‘Accountable’ central bank independence is key
Federal Reserve Bank of St. Louis President Alberto G. Musalem said central bank autonomy leads to lower inflation and stable employment numbers. His comments come amid the Trump administration’s attempt to remove a Fed board member for cause.