@alexisrjimenez.bsky.socialHow Navy Federal harnesses #AI to confront scam activity
A top anti-fraud executive at the credit union says thwarting scams requires “totally different” tools than fraud, and AI is providing both new threats and novel solutions.
@alexisrjimenez.bsky.socialBack to buying mode: Two banks acquire #Insurance agencies
Banks' acquisitions of insurance agencies appear to be picking up after a two-year-plus period dominated by sales of insurance subsidiaries.
@cryptonews-poster.bsky.socialOpenAI launches ChatGPT for Financial Services! 🚀 Integrates data from PitchBook & LSEG News to streamline investment research, modeling, and client materials. Trace analyses to original sources & use your own templates for models/presentations. AI-powered finance just got an upgrade! #AI #FinServ
@alexisrjimenez.bsky.socialThe most hidden cost of waiting to deploy behavioral intelligence isn't lost time; it's lost memory. Every uncaptured session is an opportunity you can't get back.
Sharing my latest piece on CUNA Strategic Services below.
@alexisrjimenez.bsky.socialTD Bank Group shakes up leadership to consolidate tech, AI, and commercial strategy
Vlad Shpilsky, Renu Gupta, and Paul Whitehead have been appointed to newly consolidated senior executive roles
@alexisrjimenez.bsky.socialInvestor inflows to the fintech industry are soaring this year
The number of deals is down significantly, but a handful of large ones in the first half drove high aggregate investment value.
@alexisrjimenez.bsky.socialEverBank, WaFd to merge in $3.9B deal
The transaction, set to close in the first quarter of 2027, would create a lender with $75 billion in assets, $59 billion in deposits and $58 billion in loans.
@alexisrjimenez.bsky.socialTokenizing assets opens up vast new opportunities for banks
Tokenization is a potential source of new revenue, lower operating costs, improved capital efficiency and differentiated products.
@alexisrjimenez.bsky.socialCiti's use of Swift blockchain extends tokenized deposits' reach
It may take some time for all Swift members to integrate their systems with its new distributed ledger.
@alexisrjimenez.bsky.socialAfter owner couldn't repay debts, NM bank poised for sale
Oklahoma City-based Bank7 has emerged as the winning bidder in the bankruptcy sale of a majority stake in New Mexico-based Century Financial Services Corp.
@alexisrjimenez.bsky.socialHow #AI is Driving a New Wave of Motor Fraud
Criminals are operating faster, at a greater scale and with increasing sophistication, from AI-generated identities and compensation scams to ghost vehicles.
@alexisrjimenez.bsky.socialBank ID vendor traced to a dark web license sale
The records reportedly for sale paired ordinary scans of a license with its infrared and ultraviolet captures, which are the images a bank's authentication check reads
@alexisrjimenez.bsky.socialNon-mortgage consumer debt in the US has passed $5T while tens of millions of homeowners sit on equity they rarely touch.
Trovy has built a product to bridge them: a home equity line of credit that works as a Mastercard.
@alexisrjimenez.bsky.socialGeorgia investors evolve their plan for starting a new bank
On the brink of launching a de novo bank in Atlanta, an investor group opted to recapitalize a Virginia institution after an 11th-hour introduction to its CEO.
@alexisrjimenez.bsky.socialCross-Border #Payments Cannot Afford to Move at Yesterday’s Speed
The next gain in cross-border payments will not come from moving money faster across borders but from removing the border from the customer’s side of the transaction.