How Capital One is using Stripe, Adyen data to fight fraud
The bank is working with Adyen and Stripe to improve the transaction information that feeds AI-powered payments crime fighting. Can it convince other firms to join?
American Banker news quiz: July 8
In this edition of American Banker’s news quiz, see if you know the latest updates on JPMorgan Chase’s fraud prevention methods, Supreme Court rulings on swipe fees, the woes of former Silvergate Bank executives and more.
Banc of California is selling $2 billion of residential loans
The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.
Executive moves: Bank of America, JPMorgan Chase, Cullen/Frost
Cullen/Frost’s CFO is retiring, a top JPMorgan research analyst is leaving, and both UBS and JPMorgan hire tech dealmakers in this week’s banking news roundup.
Discover settles $1.2B loose end ahead of Capital One merger
The lawsuit settlement clears a hurdle for the credit card company’s deal with Capital One, which has vowed to address Discover’s compliance shortcomings. A public hearing on the merger is scheduled for July 19.
How Citizens Bank of Edmond’s Roger is attracting military members
Marcus Castilla was recently named director of the Oklahoma bank’s digital banking unit for service members; he shares what Roger offers today and some plans for the future.
Fed emphasizes independence, transparency in monetary policy report
The central bank also noted that the banking system is sound but faces several challenges. The report precedes Federal Reserve Chair Jerome Powell’s upcoming appearances on Capitol Hill.
Data breaches, AI merits: Top tech news June 2024
In this month’s roundup of top tech news: U.S. Bank partnered with Greenlight to provide financial education resources, ransomware group LockBit released data belonging to Evolve Bank & Trust, banks consider the merits of open-source and closed-source generative AI and more.
Capital One’s acquisition of Discover will be a win for consumers
The fate of Capital One’s acquisition of Discover should be determined based on its own merits and not be maligned for the foibles of other failed banks.
AI and career growth: What payments executives should know
Experts from Tipalti, Tulane, Cigniti and Ingenico discuss what skills will be in demand, and the importance of not being intimidated by the speed of innovation.