An employee uploaded customer data to an unauthorized AI app. The bank says it reached the vendor before a model could train ...

Cathy Bessant, who was Bank of America's vice chair of global strategy when she retired, is joining Truist's board of ...

The Trump administration's Consumer Financial Protection Bureau has quietly scrubbed over a decade of consumer guidance and ...

Notably, Visa Scam Disruption, a special unit aimed at stamping out fraud, has identified more than $1 billion in fraud ...

Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision ...

The Federal Reserve governor warned in a speech Saturday that lower capital requirements and lighter supervision could create ...

There are broadly three segments of cross-border payments working to address longstanding friction in the United States: The Legacy Stream: Propelled by Swift, traditional payment networks, the G20, ...

The coming mixed-martial-arts fight on the White House lawn is bound to get a lot of attention, but a far more consequential ...

A private-credit fund got suckered into the Aspiration Partners fraud; is that an 'it could have happened to anybody,' or a ...

Arbitrary financial regulation "cliffs," such as the one imposed by the Durbin Amendment, create incentives that distort ...

While the move is seen in a positive light, lenders and Trump administration officials are still angling to raise the ...

The corporate finance fintech now has a $44 billion valuation and is building out an AI token spend management offering for ...