Do AI agents create disintermediation risk for banks?
As AI agents promise a future where payments self-execute and investment portfolios rebalance without human intervention, some fear that retail banking is the next logical evolution for agent-led automation. Financial institutions may not be doing enough to stop it.
What small banks want from their vendors in the age of AI
As community banks lean on third-party vendors to keep up with AI developments, executives say regulatory standards must be put in place to account for the increased risk they face.
Advisors can uncover hidden retirement costs — and prevent years of cash drag
Retirement savers often don’t realize what they’re paying in fees or how much they can lose by leaving rollover cash uninvested, but advisors can help on both fronts.
New York puts bank boards on the hook for vendor tech
Many banks can’t say what software their IT provider runs. Only 58% of community and midsize banks even hold the right to audit that vendor, a survey found.
A $1.3B RIA finds a middle path to succession
A succession merger deal that was nearly 10 years in the making at Nebraska-based Prairie Wealth Advisors offers a lens into the many factors involved with the wealth management industry’s looming financial advisor retirements.
The Clarity Act’s long stay in legislative limbo needs to end
The future of on-chain finance in the U.S. is dependent on there being statutory certainty about the rules of the road. The Clarity Act may not be perfect, but passing it is essential to maintaining U.S. leadership in the field.
Inside Bank of America’s $250 billion in data center funding
It’s not just about AI and the bank is not walking away from its green goals, Karen Fang, the initiative’s leader, told American Banker.
For Kalshi, an ’emergency’ is a state AG suing it
The CFTC said it was using ’emergency’ powers to keep the lights on at Kalshi after the New York Attorney General sued the sports-betting company.
Big banks left mortgages. Why some community banks stayed
United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
Banks’ interest in tokenized deposits grew in second quarter
American Banker’s digital asset index found growth in digital assets is outpacing stablecoins.