Navy Federal, Truist, Chime among victims of AWS outage
An AWS Outage Disrupts Services at Financial Institutions On Monday, a failure in one of Amazon Web Services’ (AWS) internal subsystems in its northern Virginia data center led to errors and latencies that rippled across the internet, affecting various services, including those of several banks and fintech companies. AWS, the world’s largest cloud provider, is […]
Let risks stay in non-bank sector, says EU official
In a recent statement, John Berrigan, a senior official of the European Union, has called for a more nuanced approach to the regulation of non-banking financial intermediaries. Berrigan, who serves as the director-general for financial stability, financial services, and capital markets union at the European Commission, expressed this sentiment during a meeting on October 15. […]
JPMorgan hired an MD to work on agentic AI for its fintechs
JPMorgan’s Latest Hire Signals Continued Investment in AI JPMorgan has been at the forefront of utilizing generative AI in its operations, with CEO Jamie Dimon highlighting that AI tools are integral to the daily work of 150,000 employees. The bank’s commitment to leveraging artificial intelligence has been further reinforced by its recent hire, Alex Jaimes, […]
Wells Fargo touts check, next-gen accounts in 2026 comp
After Wells Fargo turned up the heat on low-revenue generators this year, its new compensation policy avoids big changes while giving advisors a nudge to tout checking accounts and other products. Wells Fargo became the last of the four wirehouse wealth managers on Monday to release its broker compensation policies for 2026. Like its direct […]
Due process in bank regulatory actions is long overdue
The Need for a Restructured Supervision in Bank Regulation Real due process in bank supervision is not merely administrative housekeeping — it is fundamental to the credibility, fairness and effectiveness of the regulatory system, write Gene Ludwig and Wayne Rushton.Adobe Stock The call for a reformed structure in bank supervision and regulation is not new. […]
What’s next in the fight over the CFPB’s open banking rule?
The CFPB’s Open Banking Proposal: A Battle Between Banks and Fintechs As the Consumer Financial Protection Bureau (CFPB) initiates its new open banking proposal, a rift is forming between banks and fintech firms. This conflict highlights the challenges of creating a regulation that allows consumers unrestricted access to their financial data. The Trump administration’s interpretation […]
Banking Consultant, Contact Centre – Suncorp Bank (Multiple Vacancies) Based in Vietnam
About Us at Suncorp Bank Suncorp Bank is not just another financial institution. We are a dynamic and thriving entity that nurtures the professional growth of our employees within a culture of purpose and belonging. As a member of the renowned ANZ Group, we offer a seamless recruitment process where applications are directed through ANZ […]
Geopolitics, crypto and inequality are systemic risks – ESRB panel
Emerging Systemic Risks in the European Union’s Financial System At the recent annual conference of the European Systemic Risk Board (ESRB), panellists discussed the emerging systemic risks to the EU’s financial system. These risks were identified as changes in geopolitics, the growth of the crypto sector and stablecoins, and the rise of private equity. Understanding […]
Banks chase AI-fueled efficiencies | Banking Dive
The Integration of AI in Financial Services Financial services companies have been increasing their investments in cloud, data, and cybersecurity to support their artificial intelligence (AI) initiatives. Leading banks such as Citi, Wells Fargo, JPMorgan Chase, and Goldman Sachs have been at the forefront of this industrywide AI push. These banks have not only incorporated […]
Government narrows cash mandate to supermarkets and petrol stations
New Government Regulations Foster Cash Transactions in Essential Retail Sectors In a move aimed towards modernising the payments infrastructure while maintaining the relevance of cash transactions, the government has released draft regulations. These new rules, once in force, will necessitate supermarkets and fuel retailers to accept cash payments. However, the mandate is narrower than initially […]