banking

Fed Issues Action Against Lineage Financial Separate from Synapse Case

Fed Issues Action Against Lineage Financial Separate from Synapse Case
Fed Issues Action Against Lineage Financial Separate from Synapse Case
December 19, 2024  |  Bank Regulation

The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. The Fed said in a Thursday...

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Banks Step Up Due Diligence on Non-Bank Borrowers
Banks Step Up Due Diligence on Non-Bank Borrowers
December 13, 2024  |  Bank Regulation

For banks, the ever-expanding push into global markets also has included a broadening of lending activities — to the tune of trillions of dollars. In...

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CFPB’s Overdraft Rule May Move Banks to Cut Services and a ‘Credit Lifeline’ for Consumers
CFPB’s Overdraft Rule May Move Banks to Cut Services and a ‘Credit Lifeline’ for Consumers
December 12, 2024  |  Consumer Finance

The new (and reportedly final) rule on overdraft fees may have consumer groups — and consumers — cheering. But the Consumer Financial Protection Bureau’s (CFPB)...

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Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
December 11, 2024  |  Legal & Regulation

Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. In its newly released 2024 annual report, the...

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Google Cloud and Swift Partner on AI Model Training
Google Cloud and Swift Partner on AI Model Training
December 10, 2024  |  Artificial Intelligence

Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial...

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Reinventing Payments: Breaking Down Banking Infrastructure to Build a Composable Future
Reinventing Payments: Breaking Down Banking Infrastructure to Build a Composable Future
December 09, 2024  |  Banking

Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built...

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Banks Eye Stablecoins to Accelerate Cross-Border Innovation
Banks Eye Stablecoins to Accelerate Cross-Border Innovation
December 09, 2024  |  Cross-border Payments

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed...

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Banks Fight Back: How Cross-Border Technology Is Challenging FinTech Disruptors
Banks Fight Back: How Cross-Border Technology Is Challenging FinTech Disruptors
December 09, 2024  |  Cross-border Payments

Global financial messaging network Swift said earlier this year that it was working with 25 financial institutions (FIs) and application providers on a “proof of...

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