Two of the largest U.S. banks said capital rules proposed by U.S. regulators could have significant impacts on credit availability and pricing for businesses and consumers. J.P. Morgan Chase & Co. and Citigroup have expressed concerns that, if implemented without revisions, these rules that would require banks to...
Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals and the banking industry. This surge in cybertheft and financial scams has prompted regulators, law enforcement agencies and financial institutions...
Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. The bank will leverage the automated assurance and testing capabilities of Cable, an all-in-one financial crime effectiveness testing platform, the companies said in...
Consumers expect access to banking wherever they are, yet 37% want to retain access to physical branches, says Barb Jacklin, Wintrust senior vice president, head of retail product and digital customer experience — which means delivering a digital-everywhere experience without losing the human touch.
January 02, 2023
In this article, PYMNTS analyzes trends shaping the banking sector in the EMEA region. Zooming in on the different subregions shows that the EMEA banking sector remains at different stages of growth and development, despite the acceleration in the digitization of financial services across the regions. 1. UAE and Saudi Arabia Lead MENA Neobank Wave […]
July 17, 2024
The banking industry wants more time to comply with a new rule governing consumer financial data. The open banking regulation in question is the Consumer Financial Protection Bureau (CFPB)’s “Proposed Required Rulemaking on Personal Financial Data Rights,” which is designed to implement section 1033 of Consumer Financial Protection Act, passed in 2010. CFPB Director Rohit […]
October 13, 2023
Two of the largest U.S. banks said capital rules proposed by U.S. regulators could have significant impacts on credit availability and pricing for businesses and consumers. J.P. Morgan Chase &...
August 22, 2023
Deepfake technology, powered by artificial intelligence (AI), is reportedly becoming a favored tool for criminals engaged in imposter scams, posing a significant threat to individuals and the banking industry. This...
July 25, 2023
Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. The bank will leverage the automated assurance and...
