Banks tighten ID checks as AI deepfakes get better
Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
Comerica faces pressure from activist investor to sell
The Dallas-based bank is the subject of a scathing new report by HoldCo Asset Management, which says it should take advantage of current market conditions to sell itself. The investment firm accused Comerica’s management of making poor decisions and failing to address its lagging stock price.
‘Pie is getting bigger faster’: Customers CEO on stablecoins
The Pennsylvania-based bank will continue to lean into its digital assets payment platform now that the GENIUS Act has become law. Its incoming CEO says he’s not concerned about new entrants.
FIS partners with Circle to offer bank stablecoin payments
Bank technology provider Fidelity National Information Services Inc. is partnering with Circle Internet Group Inc. to offer financial institutions the ability to conduct transactions using Circle’s stablecoin.
TD Bank names Birch Hill’s John MacIntyre as new board chair
The new chair was already a director of the Canadian bank, which has been struggling to get past a money-laundering settlement.
Senators introduce bill to tighten AML regulations on U.S. art market
Art collectors — and criminals — can anonymously spend millions on art in the U.S. A newly introduced bill could change that.
Walmart expands B2B payment terms to address ‘uncertainty’
The big box retailer is trying to increase share among its business clients by adding financing options for businesses that are navigating economic volatility.
Judge rejects DOJ’s bid to end bank’s redlining settlement
A judge ruled the Pennsylvania lender had to commit to its increased fair lending obligations for three more years, as it wouldn’t harm the public interest.
FHFA set to end equitable housing finance plans for GSEs
The agency has a proposed repeal in place, getting ready to be made public on July 28, which would rescind another Biden-era fair housing policy.
Nonbank financial firms are a growing vector of systemic risk
Regulators should be paying more attention to the ballooning galaxy of nonbank financial institutions currently operating in global markets. The risks they pose to the financial system are not well understood.