Cognizant and ServiceNow announce AI partnership
The two companies will work together on software and services for joint clients.
Mastercard’s new network aims to validate digital assets
The card brand’s Multi Token Network supports transaction authentication for blockchains and other new electronic payment options.
U.S. regulator considers limiting big banks’ borrowing from backstop lender
The changes, which are being discussed as part of a sweeping review by the Federal Housing Finance Agency, would amount to the most dramatic reshaping of the $1.6 trillion system in decades.
Small Pennsylvania banks recast merger as a ‘Journey’
CCFNB Bancorp and Muncy Bank Financial, which said they were combining forces in April, have opted for a bigger rebrand.
LIBOR is dead; long live rate choices
With LIBOR’s long-awaited sunset, the future of interest rate benchmarking must be defined by choice.
Nonbanks lost mortgage share but still dominated the market in ’22
Some pandemic-related gains have been ceded to depositories, national numbers from last year’s Home Mortgage Disclosure Act reporting confirm.
Banks develop digital brands: ‘Gen Z doesn’t want to go into the branch’
PeoplesBank and others have developed digital brands that cater to younger customers’ demands for smoother technology and mobile experiences.
Top banking news this month: June 2023
In June’s roundup of American Banker’s favorite stories: Attempts to steal consumer data target a growing number of banks, credit unions secure deposits outflowing from other financial institutions, Citizens recruits 50 former private banking employees of First Republic and more.
Revolut launches robo-advisor for U.S. investors
The automated investment service is the latest offering from the U.K. challenger bank as it works to break into non-European markets.
Janet Yellen sees path to cool inflation with healthy job market
Yellen said that she sees diminishing risk for the U.S. to fall into recession, and suggested that a slowdown in consumer spending may be the price to pay for finishing the campaign to contain inflation.