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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. On June 16, 2023, Michael J. In his remarks, Hsu discussed both the benefits and risks of artificial intelligence (“AI”) and tokenization.

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Fast-growing Texas bank buying branches in Austin, San Antonio

American Banker

Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National Corp. as part of an aggressive expansion in its home state.

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Best practices for implementing crypto services at banks

BankInovation

SAN ANTONIO — With the use cases for cryptocurrency ranging from embedded payment and trading platforms to fiat-backed stablecoins that have real-world lending applications, banks are focusing on safely meeting a growing consumer appetite.

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Cullen/Frost boosts loan growth forecast despite higher-for-longer rates

American Banker

The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.

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Why Cullen/Frost remains full speed ahead on growth

American Banker

The San Antonio bank reported a 14% increase in noninterest expenses and a 7% jump in loans. We're not trying to be successful by shrinking," said CEO Phil Green.

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Full Skope announces its turnkey, rapid launch SkopeLend loan origination solution

BankInovation

SAN ANTONIO, Texas – Full Skope LLC has launched a new version of its SkopeLend loan origination system (LOS), a modern loan origination platform that builds upon the success of Full Skope’s previous LOS, which over the last twelve months processed more than 10,000 Paycheck Protection Program (PPP) loans for over 15 financial institutions across […]. (..)

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Deals and dollars: Banks look to cloud tech, fintech funding on the rise

BankInovation

Frost Bank & Blend San Antonio-based Frost Bank is expanding its relationship with cloud banking process automation software provider Blend, whose list of some 300 customers […].