South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that hacks had revealed user data at seven financial firms, with indications of AI use in...
Money movement infrastructure company Modern Treasury says it wants to establish a national trust bank. The company announced Monday (Oct. 5) that it had applied to the Office of the Comptroller of the Currency (OCC) to launch Modern Treasury National Trust Bank. “If approved, Modern...
Two U.S. Senators are opposing OppFi’s attempt to acquire a national bank. Democrats Chris Van Hollen of Maryland and Elizabeth Warren of Massachusetts wrote to the company last week to voice their opposition, arguing that OppFi’s business model is based on “predatory lending practices,” such...
Moving money faster has compressed the time banks have to answer a more complicated question: How should this particular payment move? A transaction can arrive through online or mobile banking, an API or, potentially, an artificial intelligence agent. The bank may have several ways to...
October 05, 2026
Moving money faster has compressed the time banks have to answer a more complicated question: How should this particular payment move? A transaction can arrive through online or mobile banking, an API or, potentially, an artificial intelligence agent. The bank may have several ways to send the money, including batch and instant rails. Before choosing […]
September 30, 2026
A debit processor migration can look successful on a project plan and still create problems at the checkout counter. That’s one of the central findings in “The Hidden P&L of Legacy...
September 28, 2026
Nvidia is moving the artificial intelligence kill switch deeper into the machinery, giving businesses a way to stop autonomous agents even when the software directing them fails to keep them...
September 24, 2026
Stablecoins spent years trying to prove they could move money better than banks, and they have succeeded. Announcements this week from banks, card networks, cryptocurrency exchanges and central banks show...
October 06, 2026
Wells Fargo says customers can now personalize debit cards within its mobile banking app. The Mobile Card Design Studio lets customers upload personal photos from their phone to create personalized cards, the bank said in a Tuesday (Oct. 6) news release. “For many customers, a debit card is more than a payment tool; it’s something […]
October 06, 2026
South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that...
October 05, 2026
Money movement infrastructure company Modern Treasury says it wants to establish a national trust bank. The company announced Monday (Oct. 5) that it had applied to the Office of the...
October 05, 2026
Two U.S. Senators are opposing OppFi’s attempt to acquire a national bank. Democrats Chris Van Hollen of Maryland and Elizabeth Warren of Massachusetts wrote to the company last week to...
