UK fintech spending plummets in 2022
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UK fintech spending plummets in 2022
The U.K.’s fintech sector was hit hard last year, with investment plunging 56% in 2022 to $17.4..
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Tariffs took center stage during the news conference with Jerome H. Powell, the Fed chair, on..
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The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all ..
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Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17..
Trump’s Executive Orders Leave Imprint on the Fed
The central bank has halted hiring to align with a White House directive and pulled back its work..
Trump Administration Fires Consumer Bureau Chief Rohit Chopra
Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive..
Ahead of Trump Presidency, the Fed Quits Global Climate Network
Fed officials said the decision to leave the network came after the group’s work had “increasingly..
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by..
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Everyone from Jamie Dimon to the International Monetary Fund is ringing alarms about the shadowy..
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The Federal Reserve cut rates for a third time this year, but investors shuddered at revised..
Andreessen Horowitz, Benchmark and the Transformation of Venture Capital
The opposing paths taken by two powerful firms — Benchmark and Andreessen Horowitz — embody a..
Eric Trump Promises the ‘Most Pro-Crypto President’ in History
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Alliant CU’s Grover to be fireside speaker at Bank Automation Summit 2025
Bank Automation News is pleased to announce that Sumeet Grover, chief digital officer at Alliant..
Cash App Wades Into the Exclusive World of Presale Concert Tickets
Legacy credit cards and banks aren’t the only banking options to come with perks for premium access ..
TD Bank spends on anti-money laundering tech
TD Bank is investing in technology for anti-money laundering compliance after the U.S. Department..
How Bangladesh’s Economy Was Siphoned Dry
Bangladesh’s currency was battered by what the new head of the central bank says was the looting of ..
Podcast: AI for credit portfolio management
AI-driven risk management decisioning and monitoring platform EnFi is automating the credit..
World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory”..
Musk calls for abolishing consumer finance agency: ‘Delete CFPB’
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting ..
Arc CEO Muir to speak at Bank Automation Summit 2025
Don Muir, chief executive and co-founder of digital bank Arc, will return to the speaker faculty at ..
Inside Varo Bank’s gen AI co-pilot build-out
Varo Bank is building generative AI co-pilots by tapping internal tooling and Amazon Web Services. ..
Apple Pay, other tech firms come under CFPB regulatory oversight
The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer..
Just 40% of financial institutions satisfied with cloud investment
Many financial institutions are not satisfied with the investments made in their cloud..
Grasshopper CTO Peter Chapman to speak at Bank Automation Summit 2025
Grasshopper Bank Chief Technology Officer Peter Chapman will speak at Bank Automation Summit U.S...
Why Trump’s Victory Is Fueling a Market Frenzy
Investors have been comforted by a clear election result and are anticipating tax cuts and..
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve..
PNC now plans to spend $1.5B as branch expansion doubled
PNC Financial Services Group Inc. said it will spend $500 million more than originally planned to..
Podcast: Fintech founder Pranger touts virtues of ‘practical’ AI
Fintech Appli recently launched an AI-driven financial calculator that can be embedded into a..
Navy Fed to pay $95M for charging illegal overdraft fees
The Consumer Financial Protection Bureau today fined Navy Federal Credit Union for illegally..
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