Scam prevention needs to focus ‘upstream’ from banks: panel
“We need to bring in these social media companies at the point where [scammers are] first contacting consumers, to look at shared liability,” an AARP executive said at a Banking Dive event Wednesday.
https://www.bankingdive.com/news/scam-prevention-needs-to-focus-upstream-from-banks-panel/814575/
Banks risk displacement as global finance adopts real-time settlement
Governments, sovereign funds and large asset owners are beginning to move real-world capital, including infrastructure, energy projects and national assets, onto real-time financial infrastructure that automates issuance, settlement and reporting.
Regions accelerates plan to build 150 new branches
The bank originally gave itself a seven-year timeline for the strategy, focusing on Florida, Georgia and Tennessee. Now it aims to speed up that plan by two years.
https://www.bankingdive.com/news/regions-bank-branches-florida-georgia-tennessee/814665/
Trump's order on debanking has put banks in an impossible position
In implementing the debanking executive order, the OCC and other federal banking regulators have removed "reputation risk" as a factor that financial institutions are expected to consider in assessing risks and making account service decisions.
Inside the world of 'PayPal's AG'
PayPal's size and digital-payments model makes it a target for digital crooks.
The firm is adding #AI and collaborating with law enforcement and trade associations to combat crime.
Blue Ridge Bank CEO retires
Billy Beale has retired – for the third time in his career, he says. The Virginia lender’s credit chief, Harry Golliday, will become CEO on an interim basis.
https://www.bankingdive.com/news/blue-ridge-bank-ceo-retires/814699/
Visa, Mastercard face U.K. challenge
“In seeking to reduce its reliance on Visa and Mastercard, the United Kingdom banking sector is justified,” a European payments executive writes.
https://www.paymentsdive.com/news/visa-mastercard-face-uk-challenge/814542/
Amazon's #VibeCoding went awry. There are lessons for bankers
"Amazon had four critical incidents in a week, and their own memo said safeguards 'aren't yet fully established.' Are you kidding me?" —Bradley Leimer, consultant
https://www.americanbanker.com/news/amazons-vibe-coding-went-awry-there-are-lessons-for-bankers
NY’s Esquire Bank makes $348.4M Chicago push
The bank will acquire Illinois-based Signature Bancorporation in a move that will boost Esquire’s Midwest commercial-banking and real estate profile and diversify its earnings.
Alex Jimenez
