Illinois delays embattled swipe-fee ban, again
Lawmakers early on Monday voted to push the effective date of the law, which would ban interchange fees on the tax and tip portions of transactions, to July 1, 2027, marking the second delay as merchants and banks continue to battle in court.
Scotiabank to buy small Dallas bank in mortgage-finance play
Bank of Nova Scotia agreed to acquire Maple Financial Holdings Inc., which owns a small US commercial bank, as the Canadian firm looks to expand its structured-finance business in the American mortgage industry.
#29 Carol Juel’s human-centered bet on the future of AI
Synchrony CTO’s AI push focuses on practical gains, from agentic commerce to faster risk detection.
#25 BNY’s head of markets pushes toward digital assets
Laide Majiyagbe is broadening the bank’s platforms for cash investing, tokenized fund access and collateral mobility.
#30 Starling Bank’s Raman Bhatia is putting AI-fueled intelligence at customers’ fingertips
The group CEO says that new app-based intelligence tools are empowering customers to make better spending decisions and protect themselves against scams.
#24 For Umar Farooq, being first and fastest to expand blockchain-based payments is critical
While transactions over public blockchains remain few, the global co-head of J.P. Morgan Payments is ready for when more tokenized assets are placed on blockchains.
#32 Ather Williams thinks unicorn fintechs have nothing on Wells Fargo’s innovation
The head of global payments and liquidity and wholesale digital says embedding innovation into strategy—whether AI, real-time payments or crypto—capitalizes on rich data flows.
Regulators’ guidance on model risk leaves many questions unanswered
Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many concerns about artificial intelligence, and especially agentic AI, for bankers to sort out themselves.
AI and private credit are goading banks back into the risk game
The incredible demand for credit, numbers reaching into the trillions, is luring banks back into the very risk markets that got them in trouble 20 years ago.
Why U.S. Bank is targeting vets, dentists opening new practices
The Minneapolis-based bank is offering loans to providers planning to build practices from scratch — a reversal after years of serving only existing practices.