Turning algorithms into action: the #AI challenge connecting fintech talent to finance’s frontlines
#FinServ
Agentic banking: Architecting the "single brain"
What are the key technical components required to build an agentic banking platform?
https://www.fintechfutures.com/ai-in-fintech/agentic-banking-architecting-the-single-brain
#FinTech #FinServ #Banking #AI #AgenticAI #DigitalTransformation
How JPMorgan's 'deposit token' shakes up crypto payments
JPMorgan is planning a digital currency that looks and sounds like a stablecoin. But there are differences that have major ramifications for what the #Cryptocurrency #Payments market will look like in the post-GENIUS Act world.
https://www.americanbanker.com/payments/news/jpmorgan-chase-plans-a-stablecoin-alternative
Aflac finds suspicious activity on US network that may impact Social Security numbers, other data
How Experian scores thin-file borrowers with cash-flow data
The credit reporting bureau is partnering with data aggregator Plaid to combine cash-flow data and credit analytics for lenders.
https://www.americanbanker.com/news/how-experian-scores-thin-file-borrowers-with-cash-flow-data
Alipay+, Meizu: Are Smart Glasses the Future of Payments?
Alipay+ and Meizu launch smart glasses payments technology, extending digital payments beyond mobile devices
https://fintechmagazine.com/articles/alipay-meizu-are-smart-glasses-the-future-of-payments
Trump's tariffs will lead to erosion of US global payments dominance
Redemption opens as nation's newest Black-owned bank
Redemption Bank announced its launch on Thursday after its parent company, Redemption Holding Company, completed the acquisition of Holladay Bank & Trust in Holladay, Utah.
https://www.americanbanker.com/news/redemption-opens-as-nations-newest-black-owned-bank
More impact of having a #Kakistocracy. The CFPB is to cut civil penalty fund's use for financial literacy. I guess financial literacy is “too woke.”
"The bureau does not intend to exercise its discretionary authority to allocate funds to consumer education and financial literacy programs," Director Vought
https://www.americanbanker.com/news/cfpb-to-cut-civil-penalty-funds-use-for-financial-literacy
Synctera’s new risk chief doubles down on compliance planning
Fintech Synctera has tapped a former Fed and OCC examiner as CRCO, as the firm pursues growth with a focus on regulatory compliance.
Here comes the latest race to the bottom in consumer finance, spearheaded by Trump
The removal of the CFPB as a viable regulator has thrown the doors open to the kind of unscrupulous behavior that triggered the last major financial crisis
https://www.americanbanker.com/opinion/here-comes-the-latest-race-to-the-bottom-in-consumer-finance
Iran’s financial sector takes another hit as largest crypto exchange is targeted
A $90 million crypto theft from Nobitex marks the second cyberattack on Iran’s financial systems in as many days. Predatory Sparrow claimed responsibility for both attacks.
https://cyberscoop.com/iran-nobitex-cyberattack-predatory-sparrow/
GENIUS Act puts renewed spotlight on #Stablecoins, #DigitalAssets
The regulatory clarity the measure proposes to bring to the stablecoin space can help ease some of the worries of more conservative entities, such as banks, examining the space, EY’s Paul Brody said.
#FinTech #FinServ #Banking #Payments #PayTech #CryptoCurrency
Man extradited in $29M fraud case probed by FDIC monitor
A Nicaraguan citizen was brought to Miami from Spain this week on federal charges tied to the man's alleged wire fraud and money-laundering operation.
https://www.americanbanker.com/news/man-extradited-in-29m-fraud-case-probed-by-fdic-monitor
Illinois interchange law delayed, but risks for banks remain
Illinois Gov. J.B. Pritzker signed a bill delaying the implementation of a ban on interchange fees on taxes and tips, a measure that bank groups have strongly opposed since the state law was passed last year.
https://www.americanbanker.com/news/illinois-interchange-law-delayed-but-risks-for-banks-remain
Zelle owner taps Fiserv to jump-start mobile wallet
Early Warnings Services wants a quick route to expand its Apple Pay rival Paze digital wallet by turning to the financial technology industry's massive distribution networks.
https://www.americanbanker.com/payments/news/zelle-owner-taps-fiserv-to-jump-start-mobile-wallet
Senate #Stablecoin bill passes with bipartisan support
The Senate's stablecoin bill passed through the upper chamber by a vote of 68 to 30 vote on Tuesday.
https://www.americanbanker.com/news/senate-stablecoin-bill-passes-with-bipartisan-support
The hidden cyber risks in #Insurance partner networks
Many firms already have solid firewalls in place already, but vulnerabilities through application security and other areas leave insurers open to attack.
https://www.dig-in.com/news/the-hidden-cyber-risks-in-insurance-partner-networks
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