New rule makes BNPL sustainable in long term, experts say

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New rule makes BNPL sustainable in long term, experts say New rule makes BNPL sustainable in long term, experts say

The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same..
COP29 Climate Talks in Baku, Azerbaijan, Are Teetering COP29 Climate Talks in Baku, Azerbaijan, Are Teetering

Western countries are confronting demands for trillions of dollars to fight climate change and to..
Transactions: Payhawk integrates with Mastercard Transactions: Payhawk integrates with Mastercard

Payhawk, which provides spend-management solutions, is integrating with Mastercard to offer..
Why Oil Companies Are Walking Back From Green Energy Why Oil Companies Are Walking Back From Green Energy

As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil..
NYSE President Lynn Martin: Fintech IPO spring looms NYSE President Lynn Martin: Fintech IPO spring looms

Fintech initial public offerings have declined in the past year as investors and companies adjust..
Harris Had a Wall Street-Approved Economic Pitch. It Fell Flat. Harris Had a Wall Street-Approved Economic Pitch. It Fell Flat.

The vice president vacillated on how to talk about the economy, and ended up adopting marginal..
Jerome Powell Dismisses Idea of Trump Firing Him Jerome Powell Dismisses Idea of Trump Firing Him

Jerome H. Powell, the chairman of the central bank, has been a frequent target of the..
Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash Wall Street Financiers Queue Up for a Chance at Billions in Saudi Oil Cash

Are you an international business titan on the hunt for billions of dollars of Saudi oil cash?..
Presidential election ‘24: Implications for AI in banking Presidential election ‘24: Implications for AI in banking

AI might be of importance in the financial services industry, but it doesn’t seem to be top of mind ..
Why Germany Is Resisting UniCredit’s Takeover of Commerzbank Why Germany Is Resisting UniCredit’s Takeover of Commerzbank

Despite an openness to cross-border mergers, Germany has pushed back against talk of the Italian..
Chase launches Customer Insights tool for 5M SMB clients Chase launches Customer Insights tool for 5M SMB clients

JPMorgan Chase is providing its Customer Insights tool to nearly 5 million small business clients,..
Core providers can help FIs prepare for open banking Core providers can help FIs prepare for open banking

Banks should look to their core providers to ensure they have the API frameworks to be compliant..
Russia Raises Interest Rate to 21 Percent, Its Highest in Decades Russia Raises Interest Rate to 21 Percent, Its Highest in Decades

Military spending and recruitment are causing the country’s economy to overheat, leaving regulators ..
Fiserv expands digital banking offerings to meet growing demand Fiserv expands digital banking offerings to meet growing demand

Banks are investing in their digital banking offerings and Fiserv has launched a new platform to..
Jamie Dimon Privately Supports Kamala Harris. He Just Won’t Say So. Jamie Dimon Privately Supports Kamala Harris. He Just Won’t Say So.

JPMorgan’s chief executive has told associates of his support for the vice president, and his..
KeyBank’s computer processing spend spikes 17% KeyBank’s computer processing spend spikes 17%

KeyBank’s cloud migration costs contributed to increased computer processing spend despite total..
China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy China’s Lackluster Growth Continues, Signaling Why Beijing Acted on Economy

Falling prices, weak consumer spending and a housing market crash help to explain why the Chinese..
Goldman narrows consumer footprint Goldman narrows consumer footprint

Goldman Sachs is trimming its consumer business in the third quarter, turning its attention to..
How AI and ‘behavioral banking’ boosts FI revenue How AI and ‘behavioral banking’ boosts FI revenue

Financial institutions can couple AI with “behavioral banking” to grow revenue, industry experts..
China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks China Vows to Unleash More Borrowing to Spur Economy and Strengthen Banks

The finance minister said Beijing would sell bonds to supplement spending and help banks but did..
Scotia explores Google Cloud for cybersecurity solutions Scotia explores Google Cloud for cybersecurity solutions

Scotiabank is exploring the use of AI and generative AI to bolster its cybersecurity infrastructure ..
China Stocks Surge After Mortgage Curbs Are Removed China Stocks Surge After Mortgage Curbs Are Removed

After seeing prices decline for years, Chinese officials have made a burst of policy changes aimed..
Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm. Will A.I. Be a Bust? A Wall Street Skeptic Rings the Alarm.

Jim Covello, Goldman Sachs’s head of stock research, warned that building too much of what the..
Interest Rates Fall, but Central Banks Are No Longer in Lock Step Interest Rates Fall, but Central Banks Are No Longer in Lock Step

Officials in some countries started cutting rates last year, but others, including those in Europe..
What Trump Has Said About Interest Rates, and Why It Matters What Trump Has Said About Interest Rates, and Why It Matters

He has suggested that presidents should “have a say” on interest rates, though he later walked the..
How Citizens is prepping for open banking How Citizens is prepping for open banking

Citizens Bank is investing in its API infrastructure, migrating operations to the cloud and teaming ..
$50 Billion in Aid to Ukraine Stalls Over Legal Questions $50 Billion in Aid to Ukraine Stalls Over Legal Questions

U.S. and European officials are struggling to honor their pledge to use Russian assets to aid..
Banking Deal Oversight Expected to Get a Major Revamp Banking Deal Oversight Expected to Get a Major Revamp

The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and..
How the Fed Cutting Interest Rates Affects Banks, Stocks and More How the Fed Cutting Interest Rates Affects Banks, Stocks and More

For corporate America, this week’s expected interest rate cut carries risks along with rewards.
AI, open banking to boost consumer credit access AI, open banking to boost consumer credit access

AI coupled with an open banking framework provides better access to credit for consumers.  The..
Bank of America spending $12B on technology annually Bank of America spending $12B on technology annually

Bank of America is investing in technology initiatives as automation and digitalization remain..
KeyBank to hold off on FedNow until DDA reach hits 5% KeyBank to hold off on FedNow until DDA reach hits 5%

NEW YORK — KeyBank is hesitant to join the Federal Reserve’s real-time payments network FedNow..
5 questions with … JPMorgan Chase Head of Product for Small Business Troutman 5 questions with … JPMorgan Chase Head of Product for Small Business Troutman

As JPMorgan Chase leans into AI-driven products, Jameson Troutman, head of product for small..
In Japan, the Era of ‘Free’ Mortgages Is Coming to an End In Japan, the Era of ‘Free’ Mortgages Is Coming to an End

Homeowners are gearing up to pay more on their loans as the Bank of Japan’s rate increases signal..
How Mastercard taps AI, open banking to predict ACH payment success How Mastercard taps AI, open banking to predict ACH payment success

Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and..
Marqeta innovates to expand client base Marqeta innovates to expand client base

Card issuing platform Marqeta is looking to innovation in a bid to woo fintechs and businesses to..
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent

Inflation remained cool in July, based on the Personal Consumption Expenditures Index, keeping the..
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent

Inflation remained cool in July, based on the Personal Consumption Expenditures Index, keeping the..
Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis

Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of ..
FedNow nears onboarding of 1,000 financial institutions FedNow nears onboarding of 1,000 financial institutions

ATLANTA — Instant payments rail FedNow is nearing the addition of its 1,000th financial institution,..
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