How banks can fight increasingly sophisticated scam tactics
Experts warn that stopping modern scams requires more than AI. It takes human oversight, customer engagement, and cross-industry collaboration.
Texas Capital to add investment bank offices in LA, Chicago
The Dallas-based company’s broker-dealer arm, Texas Capital Securities, has also made several recent hires as it continues to expand its capabilities.
Teachers Federal Credit Union joins AI-based lending trend
Customers expect fast loan approvals, CEO Brad Calhoun says, so the credit union now lets artificial intelligence decide who will get credit cards, auto loans and personal loans.
Dave beats Q1 earnings estimates, raises 2025 outlook
The neobank reported a 47% increase in revenue in the first three months of the year.
The banking industry isn’t ready to fight AI-enabled deepfakes
The industry and its regulators need to acknowledge the danger presented by ultrarealistic deepfake technology and implement new layers of transaction authentication.
David Julian, ex-Wells Fargo exec who battled OCC, sounds off
Julian, the bank’s onetime audit chief, recently agreed to settle with the Office of the Comptroller of the Currency for a tiny percentage of the $7 million the agency had been seeking. In an interview, he spoke about the expensive legal fight and who bears responsibility for the bank’s fake-accounts scandal.
Newtek CEO: Bank ‘misunderstood’ amid higher credit losses
Investors seemed to agree with CEO Barry Sloane’s argument that strong earnings will outweigh a jump in nonaccrual loans.
How Santander plans to grow in the U.S.
While other European-based banks have retreated from the United States, Santander is doubling down by building out its nationwide digital-banking platform. “Unequivocally,” said U.S. CEO Christiana Riley, “the opportunity … is so clear.”
Powell leaves door open to staying at Fed past 2026
Federal Reserve Chair Jerome Powell declined to say whether he would depart the central bank after his chairmanship ends next year, as is typical with Fed chairs who are not reappointed. He also pushed back on criticism from one potential replacement.
PayPal plans Apple Pay rival in Germany
The payment company joins other firms that are expanding apps in Europe, where Apple has agreed to ease access to supporting technology. Plus, the U.K. plans a new crypto crackdown.