Watch more: Monday Conversation With Hyperlayer’s Rob Rooney Consumers are already turning to large language models to help organize spending, savings and financial decisions. Yet most financial institutions remain structured around products, business lines and technology stacks built long before artificial intelligence agents entered the...
As volatility again rattles large swathes of the cryptocurrency market, the largest financial institutions in the United States are moving ahead with plans for a shared tokenized deposit network. The network will be operated by The Clearing House and is backed by JPMorganChase, Bank of...
Banks have spent years launching artificial intelligence (AI) chatbots and virtual assistants. Citigroup’s latest deployment is less visible and more valuable: an AI document-processing system that compresses account opening review time from over an hour to 15 minutes. Tim Ryan, the bank’s head of technology,...
A California court has handed bank-FinTech partnerships one of their most significant legal victories to date. On May 19, Los Angeles County Superior Court Judge Gary D. Roberts ruled in favor of OppFi in its dispute with California’s Department of Financial Protection and Innovation (DFPI),...
Revolut reportedly plans to include stablecoins as part of its U.S. banking offering. That’s according to Revolut U.S. CEO Cetin Duransoy, interviewed Wednesday (June 3) by Reuters. In addition to stablecoins, the plan is to also give customers of the U.K.-based FinTech access to FDIC-backed products like high-yield investment...
LendingClub is moving its stock market listing as it prepares for a banking rebrand. The online-lender-turned-full-service bank announced Tuesday (June 2) that it would switch its listing from the New York Stock Exchange (NYSE) to the Nasdaq as it rebrands from LendingClub to Happen Bank....
Artificial intelligence is emerging as both banking product and workplace tool in the financial services realm. The latest bank and provider moves suggest that AI’s most immediate payoff is coming from internal operations. Banks are using it to prepare advisers for client meetings, speed technology...
Banks spent years treating core modernization as a lengthy infrastructure project. Dhivya Suryadevara believes artificial intelligence may alter that timetable. In a conversation with PYMNTS CEO Karen Webster, the Fiserv co-president described AI as a practical tool for rewriting operational workflows, simplifying implementations and modernizing...
Banks have spent two years rebuilding their balance sheets. The FDIC’s latest numbers confirm it worked. The FDIC’s Quarterly Banking Profile for the first quarter of 2026 shows an industry in recovery: Deposits grew for a seventh consecutive quarter, loan balances expanded at their fastest...