AI beats humans at transaction monitoring, Revolut US CEO says
Cetin Duransoy said every employee at his company is now using AI in some way.
Crypto firms need to get serious about consumer safeguards
The use of cryptocurrency products will only go truly mainstream when everyday consumers feel confident that their assets are not at risk of disappearing because of a mistake or an oversight.
The Fed, the White House and the skinny accounts
The central bank said it had a new proposal for its so-called skinny accounts, right after the White House ordered essentially the same thing. Coincidence?
Attention banks: Consumers want more payments data in apps
Many banks are missing revenue and cost-cutting opportunities—and potentially disenfranchising customers by not offering relevant app details.
Banks are again vying for CRE loans as fears subside
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They’re now returning to the sector, and the renewed competition is prompting a pricing war.
Mercury raises $200 million after OCC bank charter approval
The business banking fintech, which recently received conditional approval for a de novo bank charter, now has a $5.2 billion valuation.
Anthropic frees Mythos partners to share cyber findings
JPMorgan, Mozilla, Palo Alto and other Glasswing partners have new latitude as Anthropic loosens disclosure rules under congressional pressure.
Fed advances ‘skinny’ payment accounts for nonbanks
The Federal Reserve Board on Wednesday published a proposed limited master account framework, marking the next step toward creating another option for firms to access the Fed’s payment systems.
Circle: Agentic’s Uber moment hasn’t arrived, yet
Like most payment companies and banks, the stablecoin firm is lining up a suite of services for demand that hasn’t quite materialized, but likely will – in some form.
Mortgage rates surge to 9-month high amid market turmoil
With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.