Maybe inflation isn’t such a big problem after all
Inflation is a looming monster everywhere you look, except on banks’ bottom lines. Also, the rise of AI agents is creating a minefield of new risks for banks.
A TradFi veteran reflects on one year working in digital assets
Digital assets and artificial intelligence-driven agents are going to transform financial services, and the change is going to happen in a hurry. The industry can take some key steps to weather the transition.
Banks face liability over use of AI chatbots, report finds
Financial institutions that have replaced human customer-service agents with AI chatbots may be violating existing state and federal consumer-protection laws, if they provide inaccurate information that harms consumers, according to a new report by former regulators.
Bowman: global regulators should match Fed’s ‘modernization’
The Federal Reserve’s vice chair for supervision criticized global standard setters for ‘unquestioningly’ adopting policy changes in response to research she says is faulty.
State Street’s new wealth-services unit notches early win
A deal announced Wednesday validates the company’s decision to reverse course and re-enter a market it exited five years ago, CEO Ron O’Hanley said.
How AI will impact payments
Leigh Amaro, Chief Executive of the Americas at Swift, talks with American Banker payments reporter Joey Pizzolato at SIBOS about AI and its impact on the payments sector.
Should banks prepare for an ‘agentic buy button”?
Visa risk executive James Mirfin says tools designed to manage e-commerce include concepts that can be applied to managing AI agent risk.
Debanking makes a campaign stop in Kentucky
Rep. Andy Barr, R-Ky., and Comptroller of the Currency Jonathan Gould touted the OCC’s recent debanking report, which called out large banks for allegedly turning customers away because of their industry and beliefs.
Why Scotiabank is investing in working capital and liquidity
Widespread geopolitical and macroeconomic uncertainty is shaping the Toronto-based bank’s commercial payment strategy as it looks to deepen client relationships in transaction banking and capitalize on its footprint in Mexico.
Interoperability and payments’ last mile problem
Leigh Amaro, Chief Executive of the Americas at Swift, discusses the issues of payments interoperability with American Banker payments reporter Joey Pizzolato at SIBOS.