@alexisrjimenez.bsky.socialHow John Waldron could make his mark as Goldman's next CEO
John Waldron, Goldman's president and COO, has long been seen as the bank's likely next CEO. What's less certain is whether Waldron would revamp Goldman's business mix.
@alexisrjimenez.bsky.social#AI agent bank runs possible but unlikely, experts say
If AI agents let consumers move deposits more easily, banks' deposit bases could be at risk.
@alexisrjimenez.bsky.socialHow #Stablecoins speed int’l #Payments
Startup Latitude Global pitches faster, cheaper cross-border payments by sending them on modern stablecoin rails.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialBofA, Barclays show their populist side
Bank of America is expanding its apprenticeship program at a time of year when it typically would raise the hourly wage for its lowest-paid staff. Meanwhile, Barclays conceded (partially) on RTO
@alexisrjimenez.bsky.socialTech leaders say #AI could end humanity. Banks still love it
As some tech insiders warn that rogue bots could wipe out humanity, banks' continued enthusiasm for AI has fallen out of step with public opinion.
@alexisrjimenez.bsky.socialWarren, Van Hollen pressure OppFi to ditch bank deal
Weeks after nonbank lender Enova scrapped its bid to buy Grasshopper Bank, two Senate Democrats are urging nonbank lender OppFi to abandon its own dealmaking efforts.
@alexisrjimenez.bsky.socialThe FDIC's plan to help community banks evaluate potential fintech partners cannot account for the unique and specific risks that arise when two companies operate in partnership.
@alexisrjimenez.bsky.socialOpen Standard's 'shared stablecoin' goes live
OpenUSD, a new #Stablecoin from a consortium of more than 140 banks, fintechs, payments companies and crypto firms, is now live
@alexisrjimenez.bsky.socialFiserv’s #Stablecoin system starts
The mega processor’s system for hosting digital currencies is up and running, with North Dakota’s stablecoin the first digital asset to go live.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialAmerant Bank CEO tackles credit crisis
Efforts to change the internal culture around credit risk within the Florida bank’s lending portfolio have begun paying off, Carlos Iafigliola said.
@alexisrjimenez.bsky.socialFed watchdog finds mismanagement, not criminality, in $2.5B renovation
The Fed should establish a guaranteed maximum price for its renovation project, which is now several years in, the OIG said.
@alexisrjimenez.bsky.socialWe could be sleepwalking into a repeat of the 2008 financial crisis
Many of the same signs that might have predicted the financial crisis nearly two decades ago are back
@alexisrjimenez.bsky.socialWith payment companies embracing frontier model makers' agentic artificial intelligence to enhance pitches to business clients, American Express is leaning on internal development to compete.
www.americanbanker.com/payments/new...
#FinTech #FinServ #Banking #AI #Payments #PayTech #AgenticAI
@alexisrjimenez.bsky.socialCharter must be ‘top priority’ for fintechs pursuing it: Mercury exec
The fintech has always wanted a charter, according to Mercury Bank CEO Jon Auxier. After years of hard work, “now is the right moment to go after it.”
@alexisrjimenez.bsky.socialCiti and Coinbase's partnership will expand interoperability between #Stablecoins and fiat payments. Citi also expanded Citi Token Services into Japan and the United Arab Emirates.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialFed’s ‘collective lack of action’ let info security risks fester: OIG
Governance of the Fed’s infosec program and enforcement of controls lack clarity, resulting in a 2024 incident “remaining unresolved for over a year.”