The use of AI in the payments industry is not a new phenomenon. In fact, Accenture’s recent Payments Technology Reinvention Study shows that leading banks are already investing significantly in AI and generative AI and have managed to automate 40% of manual tasks in their payments business. Advancements in speech recognition, image generation and machine … Read more
Representative French Hill, a Republican from Arkansas and vice chair of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Al Drago/Bloomberg WASHINGTON — House Republicans began their attempt to roll back significant parts of the Dodd-Frank Act, targeting not just the Consumer Financial Protection Bureau but a laundry list of bank … Read more
Julia Giese and Jacqueline Koay We live in an era of rapid change, complexity and uncertainty. Over recent years, severe global shocks have been frequent, with profound implications for our economy and financial system. Yet such shocks are impossible to forecast with any precision as they are not extrapolations of past relationships. Our economy and … Read more
When you’re looking to manage your finances more conveniently and securely from wherever you are, you’ll want to set up online and mobile banking. If you’ve never worked with digital banking before or if you have questions about certain features of your online accounts, we’ve got you covered. Here’s our comprehensive guide to Dieterich … Read more
Social Engineering is a term used to describe the process of manipulating people into giving up their personal information. It could be stealing someone’s identity, data related to financial matters, or other online scams and cybercrimes. It’s often done by pretending to be someone else or using social media to gain access to sensitive data. … Read more
Despite significant investments in cybersecurity, customers lack trust in the banking system’s ability to protect their data. “Trust is the bedrock of business. It transforms transactions into relationships and clients into loyal advocates.” According to Accenture’s recent Banking Consumer Study surveying 49,000 respondents across 39 countries, 58% of banking customers are concerned about the security … Read more
Wells Fargo’s second-quarter earnings topped analysts’ expectations, David Paul Morris/Bloomberg Wells Fargo’s second-quarter financial results exceeded expectations, with the company reporting net income of $5.5 billion, or $1.60 per share, Tuesday. On an earnings-per-share basis, Wells’ earnings were up 20% from a year ago and 15% from the three months ending March 31. The increase … Read more
Thinking back to the 1990s, it’s hard to imagine just how much banking has evolved. If you were a bank customer then, you probably have not-so-fond memories of constant trips to the local bank for even the simplest transactions, like depositing a check or withdrawing cash. The world of banking was much slower then—everything from … Read more
Hannah Copeland, Lennart Brandt, Natalie Burr and Boromeus Wanengkirtyo Emissions Trading Schemes (ETS) are an increasingly popular market-based policy to impose a price on carbon emissions (previously costless to the emitter) (World Bank Group (2025), DESNZ (2025)). With carbon prices expected to increase steadily, and sectoral coverage broadening, these schemes have gained the attention of … Read more
J.P. Morgan Payments’ Ryan Schmiedl will speak during Bank Automation News’ webinar “Seamless integration: The new frontier in embedded payments” on Tuesday, July 22, at 11 a.m. ET. Schmiedl is the global head of embedded finance platform and products and global head of payments trust and safety and AI/ML at J.P. Morgan Payments. Courtesy/JPMorgan Chase … Read more