July 10, 2024
FDIC Warnings on Nonbanks Point to Gaps in Deposit Insurance
They say there are no guarantees in life. That sentiment applies to financial services — at least depending on where you look, or what promises are made by nonbanks. With...
July 10, 2024
OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud
Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting Comptroller of the Currency Michael...
July 10, 2024
Artificial Bugs for Enhanced Cybersecurity
By: Hans Gersbach & Fikri Pitsuwan (CEPR) Most people are aware that cyberattacks occur, but few realize that the number of such attacks has doubled since 2019, before the onset...
July 10, 2024
AI Takes Center Stage in Combating Online Abuse From Wimbledon...
The pristine lawns of Wimbledon are now home to more than just world-class tennis. This year, the All England Lawn Tennis Club deployed a new ally in its fight against...
July 10, 2024
How The World Does Digital: Business Models And Innovation Drive...
Let’s start this article with a pop quiz. Name the country that had the highest digital engagement in 2023. You get to pick from a list of 11 countries that...
July 09, 2024
Amazon Business App Center Adds Symbeo AP Automation Solution
Symbeo’s accounts payable (AP) automation and artificial intelligence (AI)-enabled optical character recognition (OCR) solution, RapidInvoice, is now available on the Amazon Business App Center. This partnership will extend the reach...
July 08, 2024
Revolving Credit’s Pace Surges 6.3% in May as Card Spending...
Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that overall, consumer credit rose $11.3...
July 08, 2024
The Knot Worldwide Purchases Microwedding Platform Simply Eloped
Digital wedding marketplace The Knot Worldwide has acquired Simply Eloped, an online platform for elopements and microweddings. “We were excited when the Simply Eloped team proposed the idea of an...
July 08, 2024
Discount Retail Struggles as Paycheck-to-Paycheck Shoppers Cut Back
Discount retailers are closing shop as financially constrained consumers pull back their spending, with Big Lots the latest to take a hit. The discount chain is closing stores by the...