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Building the engine alongside the brakes: Acting Comptroller Hsu’s remarks discuss impact of artificial intelligence and tokenization in banking

CFPB Monitor

Hsu, Acting Comptroller of the Currency delivered remarks to the American Bankers Association Risk and Compliance Conference in San Antonio, Texas. The core of Hsu’s remarks is that, given the rapid innovation of AI and tokenization in banking, banks should closely work with regulators to manage technological risks.

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Three Texas Banks to Merge into $1.5B Group

Banking Exchange

Parent companies of The Bank of Austin, Texas Hill Country Bank and The Bank of San Antonio to combine Management Feature M&A Feature3.

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5 Reasons Your Financial Institution Should Attend ThinkBIG 2021

Abrigo

The 2021 ThinkBIG conference will bring together the “Fighting Financial Crime” and “Manage Risk. The FinCrime track will focus on BSA/AML and fraud detection topics, while the Credit + Lending track will cover topics on managing credit risk and making smarter loans, faster. Drive Growth.”

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Amazon Plans Whole Foods Expansions In Closed Sears Stores

PYMNTS

For example, Whole Foods managers went to a site in Utah that used to be a Kmart. Neil Saunders, managing director of retail at GlobalData, said Amazon is smart to secure former retail spaces, and that landlords are open to grocery stores because they help drive foot traffic. Sources told Yahoo!

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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

OfferUp Senior Manager of Business Development Daniel Azoulai said in an announcement for the partnership, “More than half of OfferUp’s 44 million annual users are millennials, and as our most engaged customers, are incredibly aware of their impact on the planet and the value of recommerce.”

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Macy’s Spotlights Women-Owned Businesses With SoGifted

PYMNTS

The two managing partners invest in diverse entrepreneurs at the seed and pre-A stage. SoGifted shops will be located in Manhattan’s Herald Square; Atlanta’s Lenox Square; Fashion Show in Las Vegas; Boston’s Northshore; North Star Mall in San Antonio; Twelve Oaks Mall in Detroit; and The Galleria in Ft. Asia Pacific and Europe.

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Uber Eats Sees 59 Pct Spike In European Grocery Delivery

PYMNTS

“Everything that we are doing on grocery and convenience is driven by the fact that we are seeing strong consumer appetites from new consumption trends, people who are confined and cannot go out,” European General Manager Stephane Ficaja told Reuters in a Thursday (April 16) report.