Signal
5 articles covering "banking"
Bank of America has enhanced EricaAssist, the AI agent used by more than 18,000 customer service representatives, with generative AI that delivers guidance in under three seconds.
The fintech platform for startups closed a TCV-led Series D valuing it at $5.2 billion, weeks after securing conditional OCC approval to become a national bank.
The CFPB's landmark open banking rule missed its April 1 compliance deadline after a court injunction and agency reconsideration, but major banks are forging private data-sharing deals that may shape the market before regulators act.
A proposed ban on stablecoin yield payments has triggered a lobbying war between banks and crypto exchanges, with billions in deposits and a new financial architecture at stake.
A software defect during an overnight update let Lloyds, Halifax, and Bank of Scotland app users see other customers' transactions, account numbers, and National Insurance numbers for nearly five hours.