Watch more: The Edit With Visa’s Kathleen Pierce-Gilmore Banks’ legacy core systems were built to prioritize stability, accuracy and scale, and they still deliver on those goals. But as banks attempt to modernize, digitize and incorporate artificial intelligence (AI) into everyday operations, those same systems...
Q2 Holdings has debuted a tool to help banks and credit unions update their digital services. Q2 Code, developed by integrating Anthropic’s Claude Code through Amazon Bedrock, is designed to let financial institutions build new features for their apps and websites in just a few days instead of...
Barclays is moving ahead with its plans in Saudi Arabia, despite the war in Iran, Barclays Group Chief Executive C.S. Venkatakrishnan said Thursday (April 16). The bank is seeking a banking license in Saudi Arabia and is preparing to open a regional headquarters in the country later this...
TD Securities and BMO Capital Markets are acting as liquidity providers for the Montréal Exchange’s new FTSE Canada Bank Credit Index Futures (BCS), Bloomberg reported Tuesday (April 14). The BCS was initially announced in June 2025 and was launched Wednesday (April 8), the Montréal Exchange said in a Tuesday press release. It offers market participants a...
Wells Fargo continued to enhance its digital offering during the first quarter to keep pace with customer demand, executives said Tuesday (April 14) during the bank’s first quarter earnings call. “As customer expectations evolve, we continue to modernize our digital offering, complementing our in-person service...
White House economists say a stablecoin rewards ban would not meaningfully impact community banks. In a report issued Wednesday (April 8), the Council of Economic Advisers (CEA) addresses an issue that has held up pending cryptocurrency legislation: the idea that cryptocurrency platforms that offer a yield on stablecoins could cause a...
The White House has picked Robinhood and BNY to operate its new child-centric savings accounts. The Department of the Treasury announced Monday (April 6) that it had chosen BNY to manage the initial accounts and help develop an associated app. The bank, meanwhile, has teamed with Robinhood, which will act as brokerage and...
JPMorgan Chase’s CEO sees potential risks from private credit and sweeping changes resulting from AI. In his annual letter to shareholders, published Monday (April 6), Jamie Dimon addressed private credit, an industry attracting regulatory attention recently due to concerns about liquidity, transparency and lending discipline. Dimon...
Bank mergers are on the rise, which could also mean an uptick in bank branch closures. That’s according to a report Saturday (April 4) from The Street, which cites S&P Global data showing that bank merger and acquisition deals picked up last year and are...