CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the Consumer...
HSBC UK online banking, mobile apps suffer outage
An outage has been reported on HSBC’s online banking and mobile apps today, according to website DownDetector, which tracks outages...
Deutsche Bank cuts 3,500 jobs, adds 1,300 tech positions
Deutsche Bank is restructuring expenses aimed at investing in technology, reducing overall headcount and exiting certain business lines. Courtesy/Bloomberg The...
15 questions cloud leaders ask about cloud investment
Cloud investment is a priority for financial services leaders in 2025 as they move forward with their roadmaps for AI-driven...
More than chips: Financial services booming at Nvidia
Chip manufacturing behemoth Nvidia is seeing the adoption of its financial services grow as it creates custom bank solutions. Courtesy/Bloomberg...
HSBC turns $1 SVB UK purchase into innovation arm
HSBC has turned Silicon Valley Bank’s U.K. operations into its innovation banking arm after acquiring it for 1 pound ($1.24)...
FIs prioritize AI deployment
Financial services providers are leaning into AI in 2025, including agentic AI, as they look to reduce costs and improve...
DeepSeek a ‘kick in the pants’ for tech innovators
The emergence of the DeepSeek AI model from Chinese hedge fund High Flyer is rattling investors and competition is poised...
CFPB’s Rohit Chopra fired, bureau activity paused
The Trump administration fired CFPB Director Rohit Chopra on Feb. 1 in a move that had been expected with new...
Visa deploys AI for instant payments fraud detection
Payments behemoth Visa is using AI to improve its fraud detection as instant payment adoption grows. Courtesy/Bank Automation News Visa...
