Thu.May 15, 2025

article thumbnail

MCPs in Banking: What Executives Need to Know

South State Correspondent

Larger banks have long relied on Application Programming Interfaces (APIs) to streamline operations, enhance interoperability, and enable digital transformations. Yet, as we enter a new era dominated by agentic artificial intelligence (AI)AI that autonomously executes actions on behalf of userstraditional APIs are increasingly showing limitations. Banks need to begin thinking differently, considering the adoption of a Model Context Protocol (MCP) as either a complement or replacement to their ex

System 195
article thumbnail

Banks struggle to talk about fraud

Payments Dive

Financial institutions battling an increase in fraud, particularly push-payment scams, have been stymied in sharing information that might help them better protect customers.

Fraud 349
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Future of Data Analytics and AI in Financial Services | Jack Henry

Jack Henry

Emerging Trends and Innovations Data analytics and AI are evolving quickly, creating new opportunities across many industries especially in financial services.

article thumbnail

Credit card delinquencies rise: NY Fed

Payments Dive

Meanwhile, U.S. credit card balances declined and credit card aggregate limits inched up from the prior quarter, the New York Fed said.

Cards 269
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

Boosted inflation – using machine learning to make sense of non-linear determinants of inflation

BankUnderground

Marcus Buckmann, Galina Potjagailo and Philip Schnattinger Disentangling the sources of high inflation, exceeding inflation targets in the post- pandemic period, has been a priority for monetary policy makers. We use machine learning for this task a boosted decision tree model that fits non-linear associations between many indicators and inflation.

More Trending

article thumbnail

Fed's Barr warns of long and lasting supply chain disruption

American Banker

Federal Reserve Gov. Michael Barr said tariffs could have an outsize impact on small businesses and hardships could outlive the trade policy debate.

article thumbnail

Atlar joins forces with TreasurySpring to improve cash investing

The Paypers

Global cash investment platform TreasurySpring has partnered with Atlar , a treasury management system, to provide clients with an optimal cash investment experience.

System 61
article thumbnail

Agentic AI's revolution draws payment companies to the lab

American Banker

The next generation of artificial intelligence can be a digitized always-on personal shopper, researcher and financial assistant, taking even the buzz of ChatGPT to another level. It's early in the game, but developers are looking for ways to gain an edge.

Company 56
article thumbnail

CoinPayments partners with Jetcraft to offer aviation payments with cryptocurrency

The Paypers

CoinPayments has announced its partnership with Jetcraft in order to optimise business aviation by enabling secure and efficient payments with cryptocurrency.

article thumbnail

Case Study: Anchor Loans Cuts Doc Prep Time by 90% with GoDocs Automation

Anchor Loans, one of the nation’s top private lenders, turned to GoDocs to modernize its document preparation process and keep pace with growing loan volume. By automating doc generation and integrating seamlessly with internal systems, Anchor Loans drastically reduced prep time and minimized risk—without adding headcount. Learn how GoDocs helped Anchor Loans begin finalizing loan packages in just minutes, enabling faster, more scalable lending with real-time compliance across 48 states.

article thumbnail

If the US dollar's dominance fades, here's what might replace it

American Banker

Engineering an orderly transition toward greater currency diversification is urgent. It would strengthen financial resilience and help sustain international economic integration.

US 55
article thumbnail

Perplexity partners with PayPal to support agentic commerce

The Paypers

Perplexity has entered into a collaboration with PayPal to enable agentic commerce across its Perplexity Pro platform.

61
article thumbnail

Throwing away my MAI

Realwired Appraisal Management Blog

I’ve always felt like an outsider in the Appraisal Institute. Maybe its because I rarely attended their meetings, never mingled with the right circles, or perhaps I just didnt see my values reflected in the organization’s leadership and education. Yet, despite that distance, I got my MAI. I built my career in the valuation space.

article thumbnail

Virginia bank faces call to sell after failed venture

American Banker

MainStreet Bancshares in Fairfax hopes investors will endorse its plan to refocus on basic community banking after shuttering its embedded banking unit. But a prominent shareholder is urging management to sell.

article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

Animoca considers US listing as crypto rules become more forgiving

The Paypers

Hong Kong-based digital asset investor Animoca Brands is considering a public listing in the United States, citing recent changes in the country’s crypto regulatory stance.

article thumbnail

Customers Bank aims for payoff after years of transformation

American Banker

The Pennsylvania company spent the last five years adding lines of business, cleaning up its balance sheet and leveling up its technology. This year, Customers needs to churn out consistent earnings to prove that the investments were worth the costs.

article thumbnail

Gibraltar develops rules for crypto derivatives clearing

The Paypers

Gibraltar’s Financial Services Commission has partnered with Bullish and decided to move ahead with plans to implement a regulatory regime focused on the clearing and settlement of crypto derivatives.

41
article thumbnail

How Truist is building a real-time view of all customer feedback

American Banker

The platform, which was built in-house, delivers $10 million in cost avoidance, with at least $35 million in potential savings from fewer complaints, executives said.

article thumbnail

Commercial Lenders, Playing It Safe Is the Real Risk

Why Legacy Lending Workflows Are Costing You More Than You Think Legacy systems and manual workflows might feel familiar, but they come with growing risks—compliance gaps, costly delays, and lost opportunities. This guide breaks down why clinging to traditional processes is no longer sustainable and how automation can help lenders regain control, improve efficiency, and reduce risk across the closing process.

article thumbnail

Plaid launches new identity verification features

The Paypers

Plaid has announced the launch of new security features that aim to make it harder for fraudsters to manipulate or bypass identity verification.

article thumbnail

Huntington makes commercial banking push in Florida

American Banker

The Ohio-based bank is launching services for middle-market companies across the new footprint, after making similar plays in the Carolinas and Texas.

Florida 41
article thumbnail

CaixaBank and BBVA launch first interbank RTP in Europe

The Paypers

Spanish banks CaixaBank and BBVA , have conducted the first interbank Request to Pay (RTP) transactions in Europe.

36
article thumbnail

Key's say-on-pay support dwindles following 2024 bonuses

American Banker

Shareholder support for KeyCorp's executive compensation packages fell to 63% from 89% last year. Proxy advisory firms had recommended a "no" vote after the Cleveland-based bank made off-cycle awards to top executives.

article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

article thumbnail

Zopa secures GBP 80 million in AT1 capital

The Paypers

UK-based neobank Zopa has announced that it received GBP 80 million in Additional Tier (AT1) capital from existing and new investors.

Capital 36
article thumbnail

Coinbase says bribed workers leaked data to hacker

American Banker

The crypto trading platform said the hackers bribed contractors or employees outside the U.S. to steal sensitive customer data and then demanded a $20 million ransom.

Data 36
article thumbnail

Bank of London under investigation by UK regulators

The Paypers

The Bank of London has announced that UK regulators are currently investigating its operations over potential breaches.

article thumbnail

Jamie Dimon on work-from-home rant: 'I emoted a little bit'

American Banker

The CEO of JPMorganChase affirmed the case for bringing employees back to the office.

article thumbnail

State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.