American Banker

Contactless Payments: The Future Is Here

Contactless Payments: The Future Is Here

If contactless payments were oncea solution in search of a problem – as skeptics long maintained – their moment has finally arrived. Before the pandemic, it wasn’t much of a hassle for most U.S. shoppers to insert a physical card and type a few buttons on a terminal. Sure, some early tech adopters embraced Apple […]

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Coronavirus Throws Digital Banking Into the Crucible

Coronavirus Throws Digital Banking Into the Crucible

The coronavirus outbreak and resulting restrictions on daily life are highlighting the importance of digital platforms, testing their mettle and demonstrating the power of tools banks lacked in past crises.

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Big Tech Banking Plans May Pose Risk to Financial Stability

Big Tech Banking Plans May Pose Risk to Financial Stability

The efforts of big tech firms like Amazon and Google to get into banking poses risks to the financial system, according to a new report by the Financial Stability Board.

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JPMorgan Has a Plan to Help Amazon and Airbnb Look More Like Banks

JPMorgan Has a Plan to Help Amazon and Airbnb Look More Like Banks

JPMorgan Chase has long feared that technology giants will act more and more like banks. The firm’s surprising solution: help them do it.

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Amex Fires 10 in Forex Pricing Case; Santander Will Fight Orcel

Amex Fires 10 in Forex Pricing Case; Santander Will Fight Orcel

Receiving Wide Coverage … Wall Street connections Deutsche Bank “played a key role in Jeffrey Epstein’s financial dealings in recent years, helping the accused sex-trafficker move millions of dollars in cash and securities through dozens of private-banking accounts with the German bank,” the Wall Street Journal reports.

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Is Core-banking Technology Nearing a ‘Big Shake-up’?

Is Core-banking Technology Nearing a ‘Big Shake-up’?

A veteran of one core-technology systems provider is throwing his weight behind another. Alexander Lopatine, the founder of Nymbus, has been named head sales in the Americas for San Francisco-based Mbanq, which simultaneously announced that is has bought the online and mobile banking platform AgilityFour. The price was not disclosed.

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CFPB Opens Door to Rewrite of 2009 Overdraft Rule

CFPB Opens Door to Rewrite of 2009 Overdraft Rule

The Consumer Financial Protection Bureau is conducting a review of the Federal Reserve’s 2009 overdraft protection rule to determine the effects on small banks and credit unions. The CFPB said Monday it is seeking public comment on whether the overdraft rule should be amended or rescinded to minimize any significant economic impact.

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BankThink How Regulators Besides the OCC Can Help Fintechs

BankThink How Regulators Besides the OCC Can Help Fintechs

More in The Office of the Comptroller of the Currency designed its fintech special-purpose national bank charter proposal with the best of intentions: to foster innovation in banking and economic growth, and provide alternatives for financial technology startups burdened by operating nationally under 50 different state regulatory regimes.

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PODCAST: How Can Banks Stay Relevant in a Digital World?

PODCAST: How Can Banks Stay Relevant in a Digital World?

In this podcast, Michael Hanley, who acted as head of digital for the World Economic Forum the last eight years, and Anthony Thomson, the creator of Atom Bank who is building a new challenger bank, 86400, in Australia, share their thoughts on how banks can shape an agenda for the future.

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How Waters Will Keep Pressure on CFPB

How Waters Will Keep Pressure on CFPB

There is already intense focus on how the Democratic-run House Financial Services Committee may shine a spotlight on Trump administration-appointed regulators. But that light might shine brightest on one agency in particular: the Consumer Financial Protection Bureau. Rep. Maxine Waters, D-Calif.

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Mulvaney’s Misfire: CFPB Name Change Could Cost Industry Millions of Dollars

Mulvaney’s Misfire: CFPB Name Change Could Cost Industry Millions of Dollars

From the beginning, acting Consumer Financial Protection Bureau Director Mick Mulvaney’s desire to change the name of the agency he runs was a strange one.

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Postal Service Should Stay Out of Banking: Treasury

Postal Service Should Stay Out of Banking: Treasury

A new Trump administration report on how to reform the U.S. Postal Service throws cold water on the idea of a foray into the banking business. The report, released Tuesday, echoes arguments that bankers frequently make in opposition to postal banking, namely that the USPS is ill-equipped to manage the risks involved.

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