financial institutions

AI Regulation: Regulators Call for Balance as Businesses Embrace GenAI
AI Regulation: Regulators Call for Balance as Businesses Embrace GenAI
August 21, 2024  |  artificial intelligence

As businesses embrace generative artificial intelligence (AI), regulators and industry groups are scrambling to keep pace, calling for balanced oversight that fosters innovation while managing...

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Swiss National Bank and SIX Launch New Instant Payments Solution
Swiss National Bank and SIX Launch New Instant Payments Solution
August 21, 2024  |  Faster Payments

The Swiss National Bank and SIX Interbank Clearing have launched a new instant payments solution in Switzerland. This solution enables 60 financial institutions to receive and process...

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Shadow Banking’s Surge Leads to ‘Know Your Business’ Priority
Shadow Banking’s Surge Leads to ‘Know Your Business’ Priority
August 20, 2024  |  Bank Regulation

There used to be an old radio show that asked about the evil that lurked in peoples’ hearts. “The Shadow knows,” intoned the narrator. We’ll...

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Compliance Remains a Constant for Bank-FinTech Partnerships
Compliance Remains a Constant for Bank-FinTech Partnerships
August 19, 2024  |  Bank Regulation

Rapid innovation cycles can often outpace the ability of risk management frameworks to adapt. This is being made evident across the banking-as-a-service (BaaS) landscape, where...

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LTIMindtree Becomes Global Implementation Partner of 10x Banking’s Core Platform
LTIMindtree Becomes Global Implementation Partner of 10x Banking’s Core Platform
August 15, 2024  |  Partnerships

LTIMindtree, a global technology consulting and digital solutions company, is now a global implementation partner for 10x Banking’s core banking platform. The companies have formed a...

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US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
August 14, 2024  |  artificial intelligence

Lawmakers on both sides of the Atlantic are racing to establish artificial intelligence (AI) regulations, with California poised to vote on strict AI oversight as...

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Google Brings Value-Added Services to Its Digital Wallet
Google Brings Value-Added Services to Its Digital Wallet
August 14, 2024  |  Mobile Wallets

Digital wallets are transforming payments and commerce. In today’s operational landscape, where convenience reigns supreme and value-added services drive customer stickiness, the financial services industry...

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CFPB Wants to Set the Rules for How Banks Use AI
CFPB Wants to Set the Rules for How Banks Use AI
August 13, 2024  |  artificial intelligence

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to...

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Fed Action Against Customers Bank Underscores Crypto’s Challenges
Fed Action Against Customers Bank Underscores Crypto’s Challenges
August 12, 2024  |  Cryptocurrency

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers...

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