Alex JimenezRBC says its focus on #AI is paying dividends
"There isn't a part of our business that isn't being impacted by AI." — CEO Dave McKay
https://www.americanbanker.com/news/rbc-says-its-focus-on-ai-is-paying-dividends
Affirm outlines options if economic stress rises
The buy now, pay later player spelled out ways in which it could adjust its lending in the event U.S. economic uncertainty creates more stress for consumers.
https://www.paymentsdive.com/news/affirm-outlines-options-if-economic-stress-rises/815195/
Inflation drives mortgage rates to 2026 high point
Yields on the 10-year Treasury, after a brief dip at the start of the week, returned to the upper 4.2% range, even briefly breaking 4.3%, in reaction to inflationary pressures from the Iran conflict.
https://www.nationalmortgagenews.com/news/inflation-drives-mortgage-rates-to-2026-high-point
#Stablecoin use surges
The total transaction volume for the digital assets more than doubled in the past year, according to the asset management firm Macquarie Group.
https://www.paymentsdive.com/news/stablecoin-use-surges/815288/
Elavon's new CEO gets set to go to work
Elavon, U.S. Bancorp's payments and merchant acquiring business, just appointed Wally Mlynarski CEO, his second stint at the company.
https://www.americanbanker.com/payments/news/elavon-names-wally-mlynarski-ceo
Visa, PayPal execs react to K-shaped economy
The economic model suggests some consumers are becoming wealthier, while the economic well-being of others descends. Here’s how industry executives view the impact.
https://www.paymentsdive.com/news/visa-paypal-execs-react-to-k-shaped-economy/815323/
FDIC opens failed bank auctions to private equity firms
The expanded bidder pool may raise concerns about concentration.
https://www.americanbanker.com/news/fdic-opens-failed-bank-auctions-to-private-equity-firms
Inside Coinbase Institutional's ambition to bring its tech stack to banks
As demand for 24/7 liquidity continues to grow among institutional investors, banks need to upgrade their tech stacks, or risk their clients leaving.
Fewer buyers are interested in newly built homes
There was less interest in buying a newly constructed home last month, as macroeconomic uncertainty squashed a recent market rally.
https://www.nationalmortgagenews.com/news/fewer-buyers-are-interested-in-newly-built-homes
Anthropic, Google on maximizing mortgage #AI
While AI implementation can be a daunting task, acting thoughtfully and intentionally will set businesses up for maximum value
https://www.nationalmortgagenews.com/news/anthropic-google-on-maximizing-mortgage-ai
