Banks are keenly aware of the need to invest in the latest technology, whether to combat the increasing sophistication of fraud or to streamline the customer experience in the account opening process. At the same time, finding talented tech workers to fill the numerous open positions in the industry remains a challenge.
Read more about these issues and other tech news in our roundup.
During Donald Trump's last presidency, the massive merger that created Truist shook up the industry. What's coming this time around?
Donald Trump's ascension to the presidency creates regulatory uncertainty, but Block's CEO says the company hopes for more clarity for bitcoin and is developing technology to be flexible.
The Federal Reserve's top official was emphatic that he and other leaders on the Board of Governors cannot be dismissed or demoted at will by the president.
The Vienna, Virginia-based credit union will pay tens of millions of dollars in penalties over what the agency said was "junk fees" charged to Navy Federal's customers.
AI agents can help route tasks and make decisions along the way, but a human in the loop will still be needed to ensure effectiveness.
The plea agreement, which includes a fine of more than $1.4 billion, penalizes TD for systemic money laundering violations. "We have the ability to profit, and we should be able to profit, but not at the expense of the law," said U.S. District Judge Esther Salas.
