banking

CFPB Sues Comerica Bank Over Handling of Federal Benefits Program

CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and...

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TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
December 05, 2024  |  Bank Regulation

TD Bank Group said Thursday (Dec. 5) that for the coming fiscal year, “it will be challenging for the Bank to generate earnings growth,” as...

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AI Startup iGenius Building Supercomputer for Financial Services
AI Startup iGenius Building Supercomputer for Financial Services
December 05, 2024  |  Artificial Intelligence

Artificial intelligence (AI) startup iGenius said it is building one of the world’s largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips and will use it to...

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A Third of Consumers Have Been Victimized by Credit Card Fraud
A Third of Consumers Have Been Victimized by Credit Card Fraud
December 05, 2024  |  Cybersecurity

Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of...

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nCino Sees Vendor Fatigue as Tailwind for Multi-Solution Growth
nCino Sees Vendor Fatigue as Tailwind for Multi-Solution Growth
December 04, 2024  |  Earnings

In the evolving world of financial services, the growing imperative to modernize infrastructure has created a fertile ground for innovation. That fertile ground has also...

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Shastic and MeridianLink Partner on Workflow Automation for Financial Institutions
Shastic and MeridianLink Partner on Workflow Automation for Financial Institutions
December 03, 2024  |  Banking

Shastic and MeridianLink have partnered to deliver artificial intelligence (AI)-powered workflow automation to banks and credit unions. In this collaboration, Shastic’s workflow automation solution will be...

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New Year, New AML and Compliance Approach for Financial Institutions
New Year, New AML and Compliance Approach for Financial Institutions
December 03, 2024  |  AML

It’s almost 2025, but many businesses are still facing the same old anti-money laundering (AML) and know your customer (KYC) concerns, among other compliance requirements....

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OCC Rates 3 Financial Institutions ‘Outstanding’ in CRA Performance Evaluations
OCC Rates 3 Financial Institutions ‘Outstanding’ in CRA Performance Evaluations
December 02, 2024  |  Banking

The Office of the Comptroller of the Currency (OCC) rated three out of 19 financial institutions as “outstanding” in its latest list of Community Reinvestment Act (CRA)...

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