Financial institutions have spent decades learning how to identify customers. Hong Kong is starting to test how they might identify the artificial intelligence (AI) agents acting for them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Wells Fargo has spent the last few years overhauling its wealth management business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Thirty-nine state banker associations this week announced plans to create an industry-owned, industry-designed and industry-governed blockchain network capable of supporting smart payments, tokenized deposits, stablecoins and automated settlement. But the most important verbiage in the BankChain Alliance’s Tuesday (Aug. 25) release wasn’t “blockchain.” It was...
England wants its central bank to support innovation in stablecoins and other digital money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
A primary financial relationship loses some of its value when the provider can see only a fraction of the customer’s money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Canadian banks are not being harmed by the effects of new U.S. tariffs that impact some of their customers, and the banks may even find new opportunities, Reuters reported Tuesday (Aug. 25). Get the Full Story Complete the form to unlock this article and enjoy...
FDIC-insured commercial banks and savings institutions reported a return on assets ratio of 1.37% in the second quarter, marking one of the best results since 1984, Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill said Tuesday (Aug. 25). Get the Full Story Complete the form to unlock this...
Brazil-based bank Itaú Unibanco Holdings S.A. has secured preliminary approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States called Itaú Bank, National Association, the OCC said in an Aug. 14 corporate decision. Get...
For the first time in years, the U.S. bank branch count is moving up meaningfully, and some of the biggest banks are putting billions of dollars behind the physical network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
