financial institutions

FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern

FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern
FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern
September 26, 2024  |  AML

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the...

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Beyond Big Names: How Community Banks and Credit Unions Can Attract Corporate Clients
Beyond Big Names: How Community Banks and Credit Unions Can Attract Corporate Clients
September 23, 2024  |  Banking

The Federal Deposit Insurance Corp.’s latest data on deposits shows just how bifurcated the banking industry is, in terms of the largest players, home to...

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As Bank Branches Shutter, UK Regulators Push New Cash ‘Access’ Rules
As Bank Branches Shutter, UK Regulators Push New Cash ‘Access’ Rules
September 16, 2024  |  Cash

Cash may not be king in the digital age, but the dollars and the coins are still essential. Get the Full Story Complete the form...

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57% of Americans Trust Financial Institutions to Protect Their Data
57% of Americans Trust Financial Institutions to Protect Their Data
September 12, 2024  |  Banking

Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance...

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Goldman Takes $400M Hit From Consumer Loans
Goldman Takes $400M Hit From Consumer Loans
September 10, 2024  |  Banking

Goldman Sachs and Barclays are seeking a deal on Goldman’s $2 billion portfolio of loans made to General Motors customers. Get the Full Story Complete the...

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Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Goldman Sachs Begins Layoffs as Part of Annual Review Process
Goldman Sachs Begins Layoffs as Part of Annual Review Process
August 30, 2024  |  Personnel

Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part...

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nCino: International Banks Lag U.S. Peers in Digital Transformation
nCino: International Banks Lag U.S. Peers in Digital Transformation
August 27, 2024  |  Digital-First Banking

Digital transformation can come even to industries where change happens slowly. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Banks Tap AI for Estate Management and Compliance
Banks Tap AI for Estate Management and Compliance
August 27, 2024  |  artificial intelligence

Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Get the Full Story Complete the form to unlock this article and...

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