Mastercard taps gen AI for fraud prevention
Mastercard’s deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The payments...
Risk & Security
Trump fires Biden’s Consumer Protection watchdog Rohit Chopra
Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration,...
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...
Security concerns could hinder US enterprise adoption of DeepSeek
DeepSeek has taken global AI markets by storm, erasing $1 trillion of value from major tech companies on Jan. 27....
TD money laundering head Mazariegos exits, Sanjuas promoted
Toronto-Dominion Bank is promoting one of its top US anti-money-laundering executives, Jacqueline Sanjuas, to a role that will see her...
Trump’s fintech appointees could impact regulation
The fintech industry is well represented in the new administration of President Donald Trump. “What we are seeing in the...
Wells Fargo commits to risk infrastructure, efficiency initiatives
Wells Fargo is investing $54.2 billion into enhancing its operational efficiency and expanding its risk infrastructure in 2025. The projected...
CFPB requests public comment on consumer privacy protections
The Consumer Financial Protection Bureau published a “request for information” today asking the public to comment on data privacy protections...
Fraudsters target RTP, FedNow newcomers
The Clearing House and Federal Reserve publicize the adoption of their payments rails, Real Time Payments and FedNow, by posting...
Finastra names Chris Walters CEO
London-based financial services provider Finastra named Chris Walters as chief executive Monday, effective immediately. Finastra provides bank technology to many...
