Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations.
The Queens, New York-based community mutual bank held a grand opening ceremony to open a new office space exclusively for its tech employees.
New York Attorney General Letitia James announced new state legislation to ban unfair and abusive business practices, giving state regulators broader authority to crack down on consumer abuses.
Hackers breached the New York community bank's cybersecurity walls in 2022, drawing regulatory scrutiny and causing its CEO to resign.
While often used to describe a digital asset that hedges against cryptocurrency's volatility, the reality of stablecoins is much more complex.
Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.
A much-anticipated stablecoin bill advanced to the full Senate in an 18-6 vote, giving it a promising path to pass with 60 votes. But amendments banks favored were shut out of the markup.
FinTech Forward, a collaboration of American Banker and BAI, brings together the research, media, and event capabilities of banking's top two professional information and education organizations.
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The latest development in the Synapse saga provides a few new clues but leaves many questions unanswered about missing customer funds.
March 12
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Through its collaboration with Ozone API, Bespin Global's U.S. branch will offer its bank clients an "end-to-end" open banking solution.
March 11
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The marijuana fintech's stock price has fallen in recent months amid regulatory uncertainty for cannabis financial services.
March 11
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The Coalition for Financial Ecosystem Standards, a fintech group co-founded by Sima Gandhi, is publishing guidelines for how banks and others can assess them.
March 11
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CEO George Gresham has left the struggling fintech, which will now explore potential strategic alternatives.
March 10
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Gesa Credit Union publicly rolled out ValorFI Heroes, which generates charity donations through everyday debit card transactions.
March 7
Mobile phones are only going to become a bigger part of how banks interact with their customers, so several institutions are looking to enhance that experience. They are focusing on better ways of opening accounts, verifying identities, interacting with customers and offering new services and features. Here are some of the improvements announced this year.
In the age of big data, banks should be king. After all, which industry knows more about people and how they behave than the holders of deposits? But all that data is useless without leaders who know how to effectively analyze it. American Banker recently polled data and analytics chiefs at banks about the trials and tribulations of big data and the art of finding insightful information. Here are some of their responses.
The era of banks and fintech companies cozying up to each other is in full bloom. Fintechs realize they can better disrupt the industry from within, while banks are looking for partners to help them navigate the digital world. Here's a look at how banks worldwide are buying, investing in and in some cases lending to fintech firms.