Where AI in banking is running into roadblocks
Citi payments exec Driss Temsamani said there’s more work needed to bridge gaps to enable artificial intelligence to work broadly for payments and finance.
Anthropic launches bank-friendly AI agents, vendor alliances
In addition to 10 new AI agents for financial services, the company announced partnerships with software and data providers FIS, Microsoft, Verisk, Third Bridge, Fiscal AI, D&B, Experian, GLG, Guidepoint and IBISWorld.
Morgan Stanley debuts crypto trading, undercuts rivals on price
The pilot program offers rates better than Coinbase, Robinhood and Charles Schwab and will be rolled out to all of Morgan Stanley’s 8.6 million E-Trade users later this year.
The Fincen NPRM gets the big picture right. Now fix the forms.
Fincen just proposed the most significant reform to AML compliance in a generation, but its reporting forms are still broken. A handful of key changes would meaningfully reduce compliance burden without reducing investigative value.
The myth of the resilient consumer
Market mavens love to wax poetic about the so-called resilient consumer, but the reality is consumer spending is largely underwritten with credit, so it makes sense to keep an eye on credit trends.
Stablecoin yield debate central in GENIUS rule comments
Public comments on the Office of the Comptroller of the Currency’s GENIUS Act implementing regulations highlighted the rift between banks and crypto firms over the permissibility of yield on stablecoin holdings, an issue that has stalled crypto market structure legislation for months.
SEC backs Trump’s idea of allowing semi-annual earnings reports
The proposal is part of what SEC Chairman Paul Atkins calls his “Make IPOs Great Again” agenda.
Boston-area mutual bank agrees to buy New Hampshire lender
Opportunity favors the prepared, and Cambridge Savings Bank had been saving for years to buy a nearby rival. Now, as the mutual bank announces plans to acquire First Seacoast Bank, it says it’s found “the right deal at the right time.”
Fed’s Barr says gas prices could ‘bleed’ into inflation
Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe’s, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
PayPal reports first earnings under new CEO
The payments company said payment volume increased, but net income decreased compared to 2025.