November 20, 2024
Regulators Tell House Committee They’ll Pause New Banking Rules

There’ll be a moratorium on new banking rules — at least for a bit. A trio of the top financial services industry regulators told the House Financial Services Committee Wednesday...

November 20, 2024
BioCatch Unveils ‘Behavior-Based’ Financial Crime Intelligence Network

Fraud prevention firm BioCatch launched what it called “the world’s first interbank, behavior-based, financial crime intelligence-sharing network.” The BioCatch Trust Network is designed to protect the company’s banking customers against...

November 19, 2024
AI Makes Impact in Supplier Enablement and Predictive Analytics

Embedding AP payment solutions eliminates the friction points that have plagued B2B payments, Finexio Chief Strategy Officer Chris Wyatt writes in a new PYMNTS eBook, “The New Value Equation: 11...

November 18, 2024
FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule

The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Previously scheduled to end Dec. 2, the comment...

November 15, 2024
Surging Business Innovation Puts Compliance Role at Center of Growth

From blockchain to artificial intelligence (AI) and embedded finance, innovation within B2B is continually reaching new heights. The rise of advanced technologies has created unprecedented opportunities for businesses to streamline...

November 14, 2024
Report: US Government Investigating Citigroup’s Anti-Money Laundering Policies

U.S. government agencies are reportedly investigating Citigroup’s anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking...

November 14, 2024
Regulators: Financial Crime Enforcement Will Remain Priority Under Trump

Banking regulators say a change in presidential administrations won’t change their approach to financial crime. While Donald Trump may be focused on deregulation, banking industry experts at a conference in...

November 13, 2024
Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death...

The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of open banking can get fully...

November 12, 2024
Citigroup CEO Jane Fraser: Clients Focused on Launching M&A Activity

Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday. Speaking with Bloomberg Television, Fraser said the bank’s clients...