The risk for banks as embedded payments take off
Banks that don’t embrace embedded payments now risk losing out to more nimble rivals in the near future.
Credit unions must remain a safe place for Black women
Credit unions have a long history of serving diverse members. In a climate where programs designed to promote diversity, equity and inclusion are under constant attack, they should double-down on that commitment.
‘Stop prompting, start delegating’: Anthropic exec to banks
Anthropic’s head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
FDIC floats counting discount window borrowing toward liquidity
Chair Travis Hill said SVB showed banks can’t always sell securities fast enough to cover deposit outflows, but acknowledged the “stigma problem” with discount window borrowing remains unsolved.
Flagstar CEO recalls tough decisions to ‘right the ship’
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
What BILL Holdings gets from the JPMorgan Wallet
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients’ accounts. Reconciling client payments for BILL’s corporate card, the BILL Divvy Card is the company’s first use case.
How the World Cup showcases payment tech
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
Treasury, agencies propose KYC rule for stablecoin issuers
The Treasury’s Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers’ know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a “global” customer due diligence requirement they say is unfeasible.
JPMorganChase blocks Hong Kong staff from using Claude
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
Banks have ‘commitment’ issues with the new Basel proposal
A potential deletion from a longstanding regulatory definition has banks questioning how to classify vast swaths of their lending books.