Compliance

Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.

As tokenization increasingly brings instant settlement to transactions, the liquidity buffer that batch settlement has provided for decades is going to shrink and then disappear. Banks will need to rethink liquidity management.

Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as "stepping stones" to access bank data.

At a time when banks have tokenization, stablecoin and blockchain projects in the works, senior leaders will exchange ideas at a New York conference.

The U.K. conducted simulated cybersecurity attacks on its banks' live systems and found they lack basic patching and identity controls.

The financial market infrastructure providers are taking advantage of political tailwinds and technology advancements to offer 24/7 trading over distributed ledgers.

Defenses against financial schemes, both physical and digital, could leave executives scrambling to keep up with the pace of bad actors over the coming months.

Research from American Banker finds that bankers are still extremely worried about fraud, but hope that raising budgets for artificial intelligence could help.

Jelena McWilliams, former chair of the FDIC, is joining data sharing fintech Plaid as its new president of corporate and external affairs.