VPN vulnerability leads to data breaches at 70 banks
More than 400,000 consumers may be affected after Marquis Software Solutions suffered a breach traced to a bug in SonicWall software disclosed last year.
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.
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.
BMO details strategy to improve US profitability
The Canadian bank is determined to grow its U.S. business organically, CEO Darryl White said Thursday. But with so much excess capital, analysts wondered about the bank’s appetite for M&A.
TD has completed ‘majority’ of US AML remediation
The Canadian bank still has more work to do as it rolls out additional processes, technology and training. TD will also have to prove to regulators and the U.S. Department of Justice that its actions are sustainable.
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.
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.
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.
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.