Zelle grows to more than 2,300 financial institutions
The total number of institutions on Zelle is now more than 2,300, with 95% institutions either community banks or credit...
Technology
BIS releases report on connections between banks and nonbanks
Differences between regulations for banks and those for nonbank financial intermediaries may have created incentives to shift business activities to...
Three myths about AI in banking
Common myths and misperceptions might confuse about what to expect and misdirect investment and efforts.
ABA survey: Most banks likely to stick with current core provider
While 69% of bankers are "extremely" or "somewhat likely" to remain with their current core provider at the next renewal,...
BIS: Stablecoins fail as ‘sound money’
Stablecoins as a form of sound money fall short, and without regulation pose a risk to financial stability and monetary...
ABA offers recommendations to boost community bank digitalization
The OCC should proactively support responsible community bank digitalization through transparency, information sharing and meaningful dialogue with stakeholders, ABA said.
Fannie, Freddie directed to consider allowing cryptocurrency for mortgages
Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to prepare proposals to allow cryptocurrency to...
FedNow adds risk mitigation feature, boosts transaction limit
The FedNow instant payments service this week announced it has launched a new account activity threshold feature and raised its...
Marketing automation drives value for bank marketers
Automation can assist bank marketers with lead analysis, scoring and pipeline reporting when built into a bank's CRM or automation...
Justice Department seizes millions of dollars linked to alleged crypto investment scams
The Department of Justice announced it has seized $225.3 million in funds linked to cryptocurrency investment scams. The action marks...
