Silicon Valley Bank’s Collapse Makes Everyone Look Terrible

Silicon Valley Bank’s Collapse Makes Everyone Look Terrible Silicon Valley Bank’s Collapse Makes Everyone Look Terrible

Banking is a critical form of public infrastructure that we pretend is a private act of risk..
What the Supreme Court Ruling Means for Other Consumer Bureau Actions What the Supreme Court Ruling Means for Other Consumer Bureau Actions

A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it..
How CFOs approach tech spend How CFOs approach tech spend

Major banks in the United States are increasing tech investment for added efficiencies and..
Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat Gov. Jim Justice Faces Heavy Business Debts as He Seeks Senate Seat

The Justice companies have long had a reputation for not paying their debts. But that may be..
3 drivers for AI integration at GM Financial 3 drivers for AI integration at GM Financial

GM Financial is looking to AI to streamline processes and boost customer experience, Chitra Herle,..
Robinhood automated deposits up 100% QoQ Robinhood automated deposits up 100% QoQ

Investing platform Robinhood added more than $3.4 billion through its automated customer account..
Jack Henry to launch cloud-native solutions Jack Henry to launch cloud-native solutions

Jack Henry invested in automation technology, grew its client base and explored AI during its..
How 401(k) Drives Inequality How 401(k) Drives Inequality

How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the ..
Block shares CashApp, Afterpay integration update Block shares CashApp, Afterpay integration update

Block’s Cash App profit and number of users grew in the first quarter as the payments provider..
The Fed Is Eyeing the Job Market, but It’s Difficult to Read The Fed Is Eyeing the Job Market, but It’s Difficult to Read

Fed officials are watching labor trends as they contemplate when to cut rates. But different..
Tech saves Santander $53M in Q1 Tech saves Santander $53M in Q1

Santander Bank saved 50 million euros ($53.6 million) in the first quarter as the bank leaned into..
Q&A with Jack Henry’s Nicole Harper on financial literacy Q&A with Jack Henry’s Nicole Harper on financial literacy

Technology provider Jack Henry leans into its financial health training and offerings during April..
Would Trump Move to Control the Fed? Would Trump Move to Control the Fed?

Allies of the former president are said to be devising plans to reduce the central bank’s..
IBM to acquire HashiCorp. Inc for $6.4B IBM to acquire HashiCorp. Inc for $6.4B

IBM plans to acquire cloud services provider HashiCorp for $6.4 billion in cash.  HashiCorp has..
Goldman ditches robo-investing for masses in sale to Betterment Goldman ditches robo-investing for masses in sale to Betterment

Goldman Sachs Group Inc. is closing down its automated-investing business for the masses after..
Jamie Dimon has a new vision for money in an AI world Jamie Dimon has a new vision for money in an AI world

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon makes no secret that his firm is all-in on ..
Bank of America’s digital offerings draw more users Bank of America’s digital offerings draw more users

Bank of America’s digital offerings continue to be a draw, as its virtual assistant Erica reached 2 ..
Citi focuses on streamlining, automation in Q1 Citi focuses on streamlining, automation in Q1

Citigroup is focused on simplifying its infrastructure and overall technology through automation..
An Inflation Surprise, and New Rules on Gun Sales An Inflation Surprise, and New Rules on Gun Sales

Plus, state dinner pomp and diplomacy.
New Questions on How a Key Agency Shared Inflation Data New Questions on How a Key Agency Shared Inflation Data

A government economist had regular contact with “super users” in finance, records show, at a time..
6 New Paperbacks to Read This Week 6 New Paperbacks to Read This Week

Recommended reading from the Book Review, including titles by Isabella Hammad, Charles Frazier,..
MSUFCU: Failure is a key part of innovation MSUFCU: Failure is a key part of innovation

Financial institutions should expect to fail when exploring new technologies, Ami Iceman Hauter,..
5 questions with … Bank of America’s Allison Shonerd 5 questions with … Bank of America’s Allison Shonerd

Allison Shonerd, managing director and head of Global Digital Disbursements in the Global Payments..
Interest Rates and the Election Interest Rates and the Election

The Fed is expected to cut rates soon. Doing so could pull it into a partisan fight.
The Power of Machine Learning in Transaction Monitoring The Power of Machine Learning in Transaction Monitoring

In the banking industry, transaction monitoring stands as a critical pillar of defense against..
nCino acquires DocFox to accelerate platform expansion nCino acquires DocFox to accelerate platform expansion

Technology provider nCino is looking to create a single platform in the cloud that offers deposits, ..
New York Starts Distributing Debit Cards to Migrants, Despite Uproar New York Starts Distributing Debit Cards to Migrants, Despite Uproar

New York City officials on Monday began handing out debit cards to migrant families to pay for food ..
FedNow overtakes TCH in adoption FedNow overtakes TCH in adoption

FedNow, launched just eight months ago, has overtaken its main competitor, The Clearing House’s..
Hong Kong Security Law Could Damage City’s Image as Financial Hub Hong Kong Security Law Could Damage City’s Image as Financial Hub

Some firms have already moved staff out of the city since the Chinese government took a heavier..
The Capital One-Discover Deal Won’t Fix Our Broken Credit Card System The Capital One-Discover Deal Won’t Fix Our Broken Credit Card System

The Capital One/Discover deal will do nothing to fix our broken and predatory credit-card system.
Las exportaciones de China se disparan. Vienen repercusiones mundiales Las exportaciones de China se disparan. Vienen repercusiones mundiales

La economía china se beneficia del aumento de las ventas de productos manufacturados al exterior,..
Debate Over Bank Industry Rules One Year After SVB Collapse Debate Over Bank Industry Rules One Year After SVB Collapse

Silicon Valley Bank’s collapse last March set the stage for a clash between bankers and their..
Trade Groups Sue to Block Credit Card Late Fee Limit Trade Groups Sue to Block Credit Card Late Fee Limit

Banking groups and Texas business associations asked a federal court to abolish a new federal rule..
New York Community Bank Tries to Reassure Markets After $1 Billion Rescue New York Community Bank Tries to Reassure Markets After $1 Billion Rescue

Management told investors that deposits had fallen, but the bank’s shares jumped on the details of..
New York Community Bank Raises $1 Billion in Emergency Cash New York Community Bank Raises $1 Billion in Emergency Cash

Investors include Steven Mnuchin, who joined the board of the struggling midsize lender.
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet

Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in..
Dave posts first quarterly profit since 2016 inception Dave posts first quarterly profit since 2016 inception

For the first time since it was founded in 2016, digital bank Dave posted a profitable quarter. ..
JPM exploring synthetic data for AML, software engineering JPM exploring synthetic data for AML, software engineering

JPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and..
Podcast: Jack Henry’s incoming CEO talks 4 tenets of leadership Podcast: Jack Henry’s incoming CEO talks 4 tenets of leadership

Jack Henry Chief Operating Officer Greg Adelson will take over as chief executive for the tech..
Unlocking the Power of AI: Identifying Bank Statement Fraud through Knowledge Graphs Unlocking the Power of AI: Identifying Bank Statement Fraud through Knowledge Graphs

Artificial Intelligence (AI) is a game-changer in financial services, particularly in detecting and ..
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