Agencies clarify banks may contact customers tied to SARs
The agencies are moving to give banks more flexibility to focus resources on higher-risk customers and activities as part of the administration's AML overhaul.
@alexisrjimenez.bsky.social
@alexisrjimenez.bsky.socialAgencies clarify banks may contact customers tied to SARs
The agencies are moving to give banks more flexibility to focus resources on higher-risk customers and activities as part of the administration's AML overhaul.
@alexisrjimenez.bsky.socialBenchmarking #AI adoption:
6 actions outlined by U.S. Bank's Chief AI Officer Prashant Mehrotra offer a real-world framework for turning AI experimentation into measurable, scalable and accountable value.
@alexisrjimenez.bsky.socialDigital bank SoFi Technologies is partnering with Payward, the parent company behind Kraken, to connect the crypto exchange to SoFi's dollar settlement network and add SoFi's #Stablecoin to Kraken.
@alexisrjimenez.bsky.socialCredit unions have an #AI risk gap: American Banker research
Credit unions are expressing less concern about AI model risk, according to American Banker research.
@alexisrjimenez.bsky.socialWalmart-linked fintech's banking incursion reaches autos
The Walmart-backed fintech OnePay has added auto finance and payment tools.
@alexisrjimenez.bsky.socialAs feds retreat, California boosts fair-lending enforcement
The California legislature has passed a bill empowering the state's own regulators to enforce fair-lending laws.
@alexisrjimenez.bsky.socialBanks without holding companies need better disclosure rules: GAO
Such banks aren’t subject to SEC review, and regulators aren’t assessing those lenders’ disclosures for investors’ benefit, the watchdog said.
@alexisrjimenez.bsky.socialGSE changes, Boxabl pact spur mortgage lending opportunities
Fannie Mae and Freddie Mac give lenders more leeway in some areas, including the lower-cost factory-built housing market
@alexisrjimenez.bsky.socialMoneyLion alums take OpenReserve ‘out of stealth’
Couched as a home for “continuous” banking, the company received conditional approval for a national banking license from the OCC.
@alexisrjimenez.bsky.socialStripe taps new #Stablecoin executive
The financial tech giant hired a crypto pro to help push payment cards backed by stablecoins.
@alexisrjimenez.bsky.socialM&T upgrades as banks seek closer ties to corporate clients
FIS has introduced a new embedded banking platform, with M&T among its first users.
@alexisrjimenez.bsky.socialU.S. banks may need to blacklist UAE branches of Banque Misr
Fincen has proposed a rule that would bar U.S. banks from working with Banque Misr's Emirati branches.