Hard sell ahead for BB&T-SunTrust as ‘Truist’ lands with a thud; Citizens looks to poach BB&T-SunTrust talent; what the Senate AML bill means for banks; and more from this week’s most-read stories.
Goldman, Stripe execs spar on future of financial services
Both companies want money to be “programmable.” But how to go about it is a matter of dispute.
Bankers rattled as nonbanks’ CRE lending spikes
Banks fear that more competition from nonbanks in commercial real estate will drive down pricing and lead to a relaxation of terms.
Fully automated compliance is big hurdle for this fintech’s APIs
Synapse is working to refine its application programming interfaces to meet know-your-customer and other complex requirements, but it’s a tall order, the head of the back-office-services platform says.
Accept cash, credit card or mobile payment? Government wants a say
State and local officials have pushed back against retailers that don’t take cash, and now some are pressuring electric vehicle firms to expand payment options at charging stations.
Equifax breach still poses fraud risk at four government agencies: GAO
The watchdog and three Democratic lawmakers urged the agencies to stop using knowledge-based verification methods to grant access to their online portals.
Wealthy Americans say financial worries taking toll on mental health
Even relatively wealthy Americans are so worried about their finances that it’s affecting their mental and physical health. That’s one of the findings in a Bank of America survey of more than 1,000 people in the U.S. who have enough investable money to qualify as “mass affluent.”
Bank of England finds UK challenger banks cut corners
Regulator says new lenders are ‘overly optimistic’ in risk management
GFT at Synchronize Europe 2019 in London
GFT will be joining our partners Digital Asset in London next week for Synchronize Europe 2019. Taking place on Tuesday 18 June at etc.venues, St Pauls, Synchronize Europe is the leading conference dedicated to enterprise and institutional applications of Distributed Ledger Technology (DLT),…
Artificial intelligence helps to serve up Wimbledon highlights reel in two minutes
Quickly turning an epic Wimbledon tennis match into a short highlights package is no easy task – but the lives of broadcasting teams is getting easier as AI
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