Technology News from American Banker

The heist is among the largest ever experienced by the crypto industry and highlights concerns many have over the need for better regulation.

The hacker group NoName057 claimed responsibility for DDoS attacks on major Italian banks, citing President Mattarella's remarks on Russia's invasion of Ukraine.

The Ark Invest founder said the fluctuation in the crypto market is healthy. "Bitcoin's in a four-year cycle and we're through a little more than half of it," Wood said.

The payments company, which is unifying parts of its operation to deepen its reach with consumers and businesses, saw its stock fall more than 10% after reporting mixed earnings, though analysts are more bullish on the company's future.

Letitia James and 22 other attorneys general have filed an amicus brief in a Maryland case challenging the dissolution of the consumer protection agency.

As tech companies launch agentic AI that can execute tasks as well as generate content and reason, banks are putting frameworks and controls in place to start taking advantage.

The New York-based fintech's high-tech initiative is the centerpiece of an initiative aimed at capitalizing on an expected surge in small business lending activity.

First Carolina Bank has completed its acquisition of BMTX, formerly known at BankMobile, and Luvleen Sidhu is stepping away from her position as CEO.

A notification from Finastra to victims reveals that a data breach reported late last year compromised some consumer financial information.

The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.

The distributed ledger developer announced the grant program in tandem with its real-world asset token standard.

The amended language in the bank's terms and conditions will halt payments to social media sellers. It comes as banks on the P2P app face increased political pressure to step in and stop payments to scammers on the platform. 

A just-released McKinsey report predicts strong growth for market data providers, but analysts note that big tech companies are encroaching.

An overhaul of the bank regulatory system is past due, but the urge to start tearing up the rule book must be resisted in favor of precision and the thoughtful application of some basic principles.

Sean Desmond, the new CEO of nCino, hinted at some of the products under development in an interview with American Banker.

The rollout of new technologies in point-of-sale retail payments in the U.S. has historically been slow, and consumer adoption of those new payment flows can be even slower. Can consumers' propensity for self checkout help push adoption?

The payment card industry must upgrade encryption before quantum computers render current security methods obsolete, FS-ISAC warned.

Plenty, a finance app for couples, shifted from subscriptions to an investment advisory fee-based model to differentiate from other couples-focused fintechs.

The governance platform is meant to prevent hallucinations, errors, bias and other problems, and to track model activity to make sure nothing goes awry.

Michael formerly led tech groups at Citi, JPMorgan Chase and Lloyds.