What Revolut hopes to gain by pushing ‘selfie payments’
The British financial firm’s Pay with Smile uses facial recognition for no-touch checkout, an attempt to drum up support for its new point of sale device. As with most biometric checkouts, making users comfortable and building a network will be most of the battle.
Fiserv call center reactivated stolen cards, lawsuit alleges
FiCare Federal Credit Union says callers passed Fiserv’s verification with stolen data and got fraud blocks lifted. Five others reported the same.
Fed proposes stablecoin rules under GENIUS Act
The Federal Reserve Board Thursday followed the lead of other regulators in seeking comment on its implementation of the landmark stablecoin legislation that passed in 2025.
Unity Bancorp names first new CEO in 22 years
George Boyan is named CEO of New Jersey-based Unity Bancorp as James Hughes announces his retirement; the American Bankers Association has elected Iowa banker Matt Lujano as chair of the association’s Community Bankers Council; fintech-turned-digital bank SoFi’s stablecoin settlement partnership with Mastercard is now live; and more in this week’s banking news roundup.
Why all of AI’s issues are ultimately trust issues
Artificial intelligence could be a powerful tool, but it seems that just about everybody using it has realized one thing: it is not inherently trustworthy.
Open Standard’s stablecoin business begins to take shape
Open Standard, a stablecoin consortium with more than 140 partners, formalized its governance structure, founding partners and leadership, cementing it as an emerging competitive threat thanks to the wide distribution network of its founding partners and its shared economics model, from which banks can earn revenue.
5 ways financial advisors can sharpen their listening skills
“The Listening Advisor” author John Gatewood preaches a five-part framework that he says can help financial advisors build deeper relationships with their clients and open valuable careers to aspiring planners.
Press Release: FDIC Publishes Enforcement Orders for August 2026
PRESS RELEASE | SEPTEMBER 25, 2026 FDIC Publishes Enforcement Orders for August 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in August 2026. There are no administrative hearings scheduled for October 2026. Amended Consent Order: Chesterfield State Bank, Chesterfield, IL Consent […]
House Dems seek extended comment period on Trump CRA rewrite
House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
Bank examiners already have a good template for regulating AI
Recent federal guidance stopped short of issuing rules for banks’ artificial intelligence use, but bank examiners already have some tools they can deploy to make sure these systems operate safely.