Banktech/Fintech

Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.

Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.

Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.

Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.

The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.

As banks have adopted multifactor customer authentication systems, they have inadvertently made it more difficult for many disabled customers to access their accounts. The fix is less complicated than it appears.

The Cincinnati bank has launched a navigational aid to help customers get to what they need in fewer steps.

The state would join New York in governing the up-and-coming credit product. Industry and consumer advocacy groups say there's still room for improvement.

The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.