2024 will be a transformative year for cryptocurrencies
With dominant industry personalities suddenly swept offstage, the evolving rules and regulations that will dictate the industry’s future will be in the spotlight.
‘Don’t fall for the sales pitches’: Advice on deploying AI
Eric Siegel, author of the book The AI Playbook, explains what it takes to take traditional and advanced artificial intelligence projects from idea to execution.
An AI helper for third-party risk management
A new generative artificial intelligence tool from Ncontracts can assist in summarizing lengthy agreements with fintech partners and identifying important clauses.
Regulators push Citi to move faster on risk management fixes: Report
The megabank recently received three notices of matters requiring immediate attention, and it also failed regulatory exams, Reuters reported. Since 2020, Citigroup’s regulators have been pressuring the company to clean up its risk management systems.
Failed Kansas bank rapidly borrowed $21 million from a Home Loan bank
Heartland Tri-State Bank, which failed after its CEO allegedly embezzled money to fund cryptocurrency investments, had received $21 million in advances from the Federal Home Loan Bank System.
Will California’s gun law place a target on card networks?
Mastercard, Visa and American Express are reportedly preparing to add merchant codes to identify firearm purchases, forcing the networks to straddle a hot-button issue in an election year.
Do fintechs for kids do enough to protect their privacy?
Fintechs that “bank” children and teens should collect far less data about their young users, erase it sooner and be more transparent in the policies that are often buried, say privacy advocates.
Morgan Stanley hopes E-Trade Super Bowl commercial will top off wealth management funnel
The online brokerage sees its popular talking babies ads as a way to get tens of millions of viewers to think about how they might put their money to better use.
CFPB probes Honda financing arm
American Honda Finance Corp., the financing division of carmaker Honda, said in a routine filing that the Consumer Financial Protection Bureau sent it a “civil investigative demand” in November connected to the “furnishing of credit reporting information on consumer accounts.”
15 credit unions that have acquired banks since 2023
In the largest deal based on the bank’s assets announced since January 1, 2023, the credit union has nearly $12 billion in total assets and the target bank more than $1.5 billion in total assets.