Bankers are asking the wrong questions about artificial intelligence
The biggest barrier to effective adoption of AI within banks is not the capability of the AI systems themselves, but the failure to recognize that the technology is only as good as the underlying systems it helps automate.
What good is a high yield on an empty account?
Whether or not the CLARITY Act becomes law, cryptos have a problem protecting assets, and that problem is not going away.
What we know about the CFPB’s forthcoming open-banking rule
The Trump administration is currently reviewing a soon-to-be-released proposal on consumer financial data rights.
Who loses when Upstart becomes its own lender?
The online lender said its national bank will become the “primary originator,” displacing the banks that are lenders of record. Loan buyers keep their role.
WTW, SEI partner on private market offerings
WTW Investments and SEI see enough of a market to develop private market offerings for U.S. defined contribution plans, such as 401(k) plans.
Circle officially opens its national trust bank
Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.
Fed’s Cook ready to hike rates ‘if necessary’
The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.
Global Payments bets on AI to boost point-of-sale reboot
It has been one year since the payments fintech launched Genius, its refreshed point-of-sale and payments platform, as a lynchpin in the company’s attempted turnaround. Now, the company is looking to add more conversational AI features.
Mutual advocates hope new rules can halt sector’s long slide
Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed’s plan would make it easier for depositor-owned banks to raise capital.
3 types of social capital behind financial advisor success
Speakers at The American College of Financial Services’ CAAFP like investing legend John Rogers shed light on how people fuel long-term success in the industry.