OpenClaw AI creates shadow IT risks for banks
Bank employees are likely adopting the OpenClaw AI assistant on the sly to boost productivity, but the tool’s deep integration exposes networks to cyber threats.
Global Payments’ turnaround gets off on the right foot
Investors were encouraged by Global Payments’ fourth quarter earnings results – the first post WorldPay acquisition – but some analysts remained skeptical that the legacy fintech could turn its business around.
Warren warns Fed, Treasury against crypto bailout
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., warned the Treasury Department and Federal Reserve in a Wednesday letter not to bail out cryptocurrency firms in the wake of sharp declines in digital asset values over the last several months.
Tokenized Treasuries: What happens when securities become money?
Tokenized money market funds are becoming more money-like — but, unlike the payment stablecoins that share the same backing, they are securities. Noelle Acheson looks at what this means for our understanding of money.
Banks that won on deposit growth in 2025 got boost from M&A
Lenders with between $10 billion and $100 billion of assets grew their core deposits by more than 8% last year, or more than double the industry-wide average. Merger activity was largely responsible for the outsized growth.
Olympics boost spending in Italy; UK banks push Visa, Mastercard rival
The Olympics are boosting spending in Italy, large-in-part thanks to Americans. In the U.K., Barclays is reportedly leading a meeting to seek support for an existing project. The meeting comes against the backdrop of geopolitical concerns and the dominance of American-based payment firms.
Fed’s Bowman says Basel proposal still on track for end of Q1
Federal Reserve Vice Chair for Supervision Michelle Bowman said in comments Wednesday that the central bank plans to publish its Basel III endgame capital proposal for public comment before the end of March.
Citi completes sale of its last remaining Russian unit
The sale of AO Citibank to Moscow-based Renaissance Capital marks the end of an exit plan that started in 2021 and expanded after Russia invaded Ukraine the following year.
Data breach hits 1 million Figure customers
Data breach extortion group ShinyHunters used social engineering to steal customer names, addresses and phone numbers from the blockchain lender.
CEOs are putting themselves in charge of AI. Here’s why.
About 70% of bank CEOs said in a recent survey that they are the AI decision makers in their companies. The reasons for this range from the huge impact AI can have on an organization to the fear of missing out.