Technology

The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.

BNY's Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.

The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.

The company's software automates much of the process of getting money transmitter, lending and other types of licenses.

Five years after the government struggled to disburse pandemic relief checks, the Fed is using improved processing for emergency funds as a reason for banks to get onboard with FedNow.

Revolut receives a banking license, while SumUp introduces its payments hardware. That and more in the American Banker global payments and fintech roundup.

New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.

A failure at an Amazon Web Services data center in Virginia caused widespread outages, hitting services at several banks and fintechs.

The number of states with earned wage access legislation doubled in 2025 with six states passing new laws. Connecticut regulators have been particularly strict, creating conflict between lenders and the government.

The effort to establish rules governing consumers' access to their financial data has been effectively derailed by litigation, moves made by the Trump-era CFPB and JPMorganChase's decision to start charging data aggregators for access to customer data.