Mastercard adds AI to analyze supplier payment
The card network is incorporating artificial intelligence into its commercial payments to help businesses get a better view of their accounts payable business.
How payments innovation is getting faster
Elizabeth St-Onge, Head of Digital Assets Product and Strategy at TD Securities, sits down with American Banker Editor-in-Chief Chana R. Schoenberger to discuss the next iteration of on-chain finance at the bank.
“It’s the ‘how’ that has changed” in payments
Elizabeth St-Onge, Head of Digital Assets Product and Strategy at TD Securities, sits down with American Banker Editor-in-Chief Chana R. Schoenberger to discuss the next iteration of on-chain finance at the bank.
Senate sends penny bill supported by banks to Trump’s desk
The legislation would let merchants, as well as banks and credit unions, round cash transactions to the nearest nickel, part of the administration’s effort to discontinue the penny.
Barr: ‘now is the time’ to prepare for AI-driven job losses
Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
SEC urges rigor as private credit market expands
The Securities and Exchange Commission issued a notice reminding companies to be rigorous in valuing private credit-related assets and disclosing their valuation techniques to investors.
Bowman: AI cyber threats need ‘proactive risk management’
The Federal Reserve’s top regulator said Tuesday that bank boards, managers should be active in preventing cyber incidents, but supervisory oversight needs to be tailored by size and complexity.
Citi extends fiat-stablecoin interoperability with Coinbase
Citi has been spending a lot of time recently trying to help its customers release trapped liquidity, CEO Jane Fraser said during the keynote address at Sibos in Miami.
The FDIC’s fintech certifications end where partnership risks begin
An FDIC plan to help community banks evaluate potential fintech partners is valuable, as far as it goes. But it cannot account for the unique and specific risks that arise when two companies operate in partnership.
Tech leaders say AI could end humanity. Banks still love it
The American public has soured on AI amid dire warnings about the technology’s safety. But at banks, the approach is still full steam ahead.