How treasury management is changing
Matthew Davies, Head of Global Payments Solutions, EMEA, Bank of America, discusses the future of treasury management and how it’s being automated with AI, in a conversation with Joey Pizzolato, payments reporter, American Banker, at SIBOS.
Real-time payments: where they’re headed next
Matthew Davies, Head of Global Payments Solutions, EMEA, Bank of America, and Joey Pizzolato, payments reporter, American Banker, discuss the future of real-time payments at SIBOS.
Fed, OCC order Amex to overhaul AML controls, fine $350M
The Office of the Comptroller of the Currency Thursday fined American Express National Bank $350 million after uncovering $13 billion in suspected illicit activity. The Federal Reserve ordered the company to improve its financial crime controls in a separate order.
Why is Chicago still ‘overbanked’?
Bank consolidation moves slowly in the Windy City. Is a deal announced this week a sign of things to come?
What the industry gets wrong about DIY investors
While the wealth management industry usually counts self-directed clients as a separate segment of investing from its traditional base, new research suggests that there are many customers who have both a financial advisor and a DIY account.
Samsung gives its payment app a stablecoin-friendly tweak
By supporting USDC on Samsung Wallet, the technology firm is attempting to bring digital assets closer to remittances and other cross-border transactions.
Life insurers concealed $21B in private-credit risk: Lawsuit
A new lawsuit accuses Los Angeles Dodgers CEO Mark Walter and his companies, including two affiliated life insurers, of concealing $21 billion in private-credit debt tied to his business empire.
How new payment technology puts trust at a premium
Artificial intelligence and blockchain promise to move money faster and with less friction than ever before. That puts pressure on banks to get it right, Max Neukirchen, global co-head of JPMorgan Payments, told American Banker in an interview at Sibos.
Third Coast Bank looks to grow Dallas, Oklahoma City via M&A
Third Coast CEO Bart Caraway said the bank’s bigger balance sheet and more sophisticated middle-market lending capabilities can help an Oklahoma bank it’s acquiring to capture more commercial business.
Trump accounts expand to nearly 70M kids as stock proposal draws questions
The IRS proposed rules that would let donors gift stock to Trump accounts and request comments on the strict minimum holding period for beneficiaries.