July 18, 2024
Lighthouse Debuts AI-Powered Solution for Independent Hoteliers
Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static...
July 18, 2024
Discover Financial Sees Card Spending Decline as Consumers Remain ‘Cautious’
Discover Financial Services reported second-quarter results that indicated consumers are turning to debit transactions, while the company’s card sales slipped year on year. CFO John Greene said on the Thursday...
July 17, 2024
OCC Comptroller Hsu: Political Polarization Poses Long-Term Risk to Banking
Political polarization presents a long-term risk to banking, Acting Comptroller of the Currency Michael J. Hsu said Wednesday (July 17). The Office of the Comptroller of the Currency (OCC) has seen a...
July 17, 2024
Cloud Security 101: Treasury Releases Essential Guidelines for FIs
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department of the Treasury and the...
July 17, 2024
Web3 This Week: BlackRock CEO Calls Bitcoin ‘Legitimate,’ Mainstream Off-Ramps...
Traditional financial operations are centralized, regulated and audited. Blockchain technology and cryptocurrencies are, well, pretty much the opposite, relying instead on cryptographic algorithms and decentralized consensus mechanisms to secure transactions....
July 17, 2024
Trump Supports TikTok Despite Looming Ban Threat
Republican presidential candidate Donald Trump has expressed support for TikTok, even as the popular app faces a potential ban in the United States if its Chinese parent company, ByteDance, fails...
July 17, 2024
Monzo Debuts Digital Bank Accounts for Kids Under 16
British digital bank Monzo is launching a free account for children under 16. The bank on Wednesday announced the waitlist for Monzo for Under 16s, designed to offer money management...
July 17, 2024
Will Supreme Court Rulings Keep Federal Regulators in Court?
When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS...
July 16, 2024
Citigroup Fined $136 Million for Insufficient Progress on Data Management...
Citigroup has been fined $136 million by U.S. bank regulators for failing to make sufficient progress in addressing data management issues identified in 2020. The joint enforcement action from the...