banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Visa SVP Talks Legacy Systems and Banking’s ‘Innovation as a Luxury’ Syndrome
Visa SVP Talks Legacy Systems and Banking’s ‘Innovation as a Luxury’ Syndrome
September 27, 2024  |  Innovation

Think back to an old episode of the hit show “Homeland,” the mini-series that seemed to put main character CIA agent Carrie Mathison (Claire Danes)...

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Bank-FinTech Collaboration Key to Accelerating Open Banking Adoption
Bank-FinTech Collaboration Key to Accelerating Open Banking Adoption
September 27, 2024  |  Partnerships

Demand for seamless, real-time financial information is driving a shift in banking. This shift, driven by technological advancements and global trends including open banking and...

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72% of Finance Leaders Use AI in Their Operations
72% of Finance Leaders Use AI in Their Operations
September 27, 2024  |  artificial intelligence

As artificial intelligence (AI) becomes more integrated into banking, the financial sector stands on the brink of a major shift. The adoption of AI tools...

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Yellen: 2023 Bank Runs Highlight Need for ‘Thoughtful Regulation’
Yellen: 2023 Bank Runs Highlight Need for ‘Thoughtful Regulation’
September 26, 2024  |  Regulation

Treasury Secretary Janet Yellen said Thursday (Sept. 26) that it takes continuous work to build and maintain a resilient financial system. In remarks prepared for...

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Report: Wells Fargo Submits Third-Party Review to Federal Reserve
Report: Wells Fargo Submits Third-Party Review to Federal Reserve
September 26, 2024  |  Regulation

Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its...

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CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction....

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36% of Gen Z Pick FinTechs Over Banks for Online Payments
36% of Gen Z Pick FinTechs Over Banks for Online Payments
September 25, 2024  |  Banking

As digital solutions become more widely adopted, traditional financial institutions (FIs) face an escalating challenge from agile FinTech competitors. Younger consumers gravitate toward personalized financial...

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CFPB Publishes First Application From Potential Open Banking Standard-Setter
CFPB Publishes First Application From Potential Open Banking Standard-Setter
September 24, 2024  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) is inviting public comments on the first application from an organization seeking recognition as an open banking standard-setter. The...

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Lawmakers Probe Whether SEC Guidance on Digital Assets ‘Undermined’ Banking Regulators
Lawmakers Probe Whether SEC Guidance on Digital Assets ‘Undermined’ Banking Regulators
September 24, 2024  |  Regulation

Four lawmakers sent letters to the heads of financial regulators, asking for information about the development of the Securities and Exchange Commission’s (SEC) Staff Accounting...

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