Independent Community Bankers of America sued the Office of the Comptroller of the Currency, alleging that the regulator authorized cryptocurrency firms to enter the banking system without being subject to the same scrutiny as community banks, according to a Friday (Oct. 2) press release from the as...

BNY and Kraken parent company Payward are discussing a partnership that would span digital assets and financial market infrastructure, CoinDesk reported Friday (Oct. 2), citing unnamed sources. The agreement could include crypto products, custody, wealth management, trading, payments and infrastruct...

A policyholder calls her insurance agency to ask what she owes. An artificial intelligence (AI) agent answers, pulls the balance and logs the call in the carrier’s core system, with no employee on the line. Interactions like that have given insurance agencies and carriers back more than 100 million ...

The former leader of artificial intelligence policy at the White House’s Office of the National Cyber Director, Thomas Lind, joined OpenAI, The Information reported Friday (Oct. 2), citing the head of OpenAI’s national security policy team. Lind joined OpenAI this week and will lead cyber and strate...

Artificial intelligence agents add information to a card payment that merchants, issuers and networks don’t routinely exchange today: what the consumer authorized the agent to do and whether the transaction falls within that authority. EMVCo is developing a technical framework for carrying that info...

American Airlines is going to let eligible members of its AAdvantage loyalty program combine cash and miles when booking flights on its website (aa.com) and digital app, the company said in a Friday (Oct. 2) press release. American Airlines is rolling out this feature over the coming weeks, accordin...

Governments’ attitudes toward Anthropic and artificial intelligence could affect its business as well as its customers, partners and other commercial relationships, the AI startup said in its IPO prospectus, Reuters reported Friday (Oct. 2). While companies routinely warn that policy changes could a...

California has barred public officials and government employees from issuing meme coins and prohibited digital asset platforms from listing certain tokens associated with public officials. The new measures extend the state’s broad effort to regulate cryptocurrency while Congress continues to debate ...

Instant payments may look free to the person tapping “send,” but somebody must pay to keep the money moving around the clock. News surrounding India’s instant payments framework shows some of the economics underpinning faster funds. Beginning Oct. 15, a 0.4% merchant discount rate (MDR) will apply t...

With federal artificial intelligence regulation tied up in Congress, Maryland Gov. Wes Moore is spearheading a bipartisan effort among state leaders to fill the void. Moore, who also serves as chair of the National Governors Association, is working with Co-Chair Gov. Mike Braun of Indiana and other ...

The Office of the Comptroller of the Currency rated three banks “outstanding” and 10 “satisfactory” in its latest list of banks examined for Community Reinvestment Act (CRA) compliance, the OCC said in a Thursday (Oct. 1) press release. Among the OCC’s performance evaluations that became public in S...

A mechanic at a Ford dealership who has never pulled the engine from a Super Duty pickup can now follow instructions from artificial intelligence (AI) through the job. Removing the engine alone takes about two days, Ford CEO Jim Farley said at a media roundtable during the company’s Ford Pro Acceler...