Better tools, new brands
The inverted yield curve is escalating banks’ often technology-driven efforts to gather deposits.
Technology
‘A team sport’: Collaboration is best defense against cyber-enabled crime
Malicious actors have become more sophisticated, more pervasive and more opportunistic.
Study: Smartphones preferred for online financial activity
Study authors recommended that financial institutions prioritize robust multichannel authentication strategies, including offering options for routine and infrequent online transactions.
Automated loan-trading platforms use data to address multiple challenges
Several platforms have emerged to facilitate matching counterparties and to provide necessary due diligence and documentation for credit analysis.
A not so stablecoin? A deeper dive into PayPal USD
Regulators should be concerned that a stablecoin integrated with traditional financial services would introduce a new risk to deposit safety...
Report: ‘Imitation banks’ should be regulated like banks
Regulators should use their authorities to shut down “imitation banks” or subject them to the same regulation as traditional banks,...
OCC official: Strong third-party risk management ‘essential’ to customer, bank safety
The OCC’s current financial technology focus includes bank and fintech partnerships, artificial intelligence, digital assets and tokenization, as well as...
BIS: Central banks must address CBDC risks
For central bank digital currencies to be a reliable means of payment, central banks should address the risks of interruptions...
New York Fed: Nonbank fintech firms drove increase in unsecured lending
Roughly 22.7 million American borrowers had an outstanding unsecured personal loan at the end of June 2023, with loans from...
Basel Committee paper seeks discussion on digital fraud
The paper explores the supervisory and financial stability implications of digital fraud, including existing data availability and risk mitigation measures.
