Technology

The bank is investing in Ubyx to help traditional financial institutions settle stablecoin payments and compete with nonbank fintechs.

PicPay is making a second attempt at entering the U.S. market as a profitable digital bank and a competitor to fellow Brazilian fintech Nubank.

Attackers stole over $340,000 in stablecoin from the Venezuela-focused app. The incident adds to recent troubles including frozen accounts at JPMorganChase.

New disclosures show the ransomware attack on the marketing vendor affected far more community banks and credit unions than initially estimated.

The bank's Kinexys blockchain unit processes a fraction of the institution's overall payment volume. It's betting that an appetite for the technology's promise of speedy processing and liquidity will make that larger.

The lender traps consumers in an "exploitative cycle of debt," Brandon Scott said.

As artificial intelligence is integrated into more and more core banking operations, bank boards of directors need to make sure business continuity plans account for the possibility of AI system failures.

Articles about the AI deployments of big banks and of scammers generated clicks from American Banker readers.

Fintechs sought to acquire the rights and privileges of bank charters in various ways this year, from de novo applications to buying up banks.

The year was marked with six state regulations, new entrants, product and market expansion from existing EWA providers and buy-in from investors.