Ex-FDIC official McKernan nominated as new CFPB director
Amid the uncertainty surrounding the Consumer Financial Protection Bureau, President Donald Trump has nominated a new director to lead the...
Banking
Neighbors FCU fights growing fraud with tech
Neighbors Federal Credit Union is grappling with a surge in sophisticated fraud schemes, prompting the lender to adopt new fraud detection...
FIS revenue up 4% YoY to $2.6B amid growing digital banking adoption
Core provider FIS is looking to M&A and strategic partnerships to expand its next-gen banking offerings in 2025. Courtesy/Bank Automation...
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...
Wells Fargo Head of Strategy Hemal Nagarsheth to speak at Bank Automation Summit 2025
Hemal Nagarsheth, head of strategy for wealth and investment management COEs, banking, lending and trust at Wells Fargo, will speak...
5 questions with … Citi Chief Digital and Information Officer Mike Naggar
Citi’s Mike Naggar, chief digital officer and chief information officer for U.S. Personal Banking, focuses on customer experience at the...
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...
DOGE-backed halt at CFPB comes amid Musk’s plans for ‘X’ digital wallet
In another weekend takeover of a federal agency’s operations, staffers from an efficiency initiative led by billionaire Elon Musk helped...
From 8% to 80%: Gen AI use by FIs to surge by yearend
Banks are taking a holistic approach to generative AI integration this year with nearly 80% of FIs projected to adopt...
