American Banker

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American Banker is pleased to announce that the 2027 Best Fintechs to Work For ranking is open for applications. This @BestCompaniesGP program recognizes #FinancialTechnology companies that provide a positive and supportive workplace environment and benefits, according to their own employees. Learn more details and submit your application here: sbrew.link/AGh7Xj8i #Fintechs

The next wave of artificial intelligence offers promises of autonomous agents for banks to deploy across different departments. For small business-focused banks, agentic #AI is presenting both challenges and opportunities for relationship managers as they work to serve their business clients better. More here: sbrew.link/6HBR9TyC #SmallBizBanking

.@chainalysis said Wednesday night that some customers' accounts appear to have been accessed without authorization and that password hashes and live tokens for all of its users got exposed to an attacker, five days after saying it had found no evidence of access to credentials or session tokens. More here: sbrew.link/YKlyCAj2

When the FBI blamed North Korea on Saturday for the Oct. 29 theft of $6.43 billion from the crypto exchange @binance, it published 628 crypto addresses and asked private companies to block transactions with them. In the alert, the bureau specifically called on #crypto services companies to intervene. The alert didn't name #banks. More here: sbrew.link/46ggGYip

.@WellsFargo appears to be the first bank to start requiring customers to prove they've turned off their #AIagents' access to their #bankaccounts, or else be liable for any rogue AI agent activity. More here: sbrew.link/DSskXedd

.@weareabrigo confirmed to American Banker that the "irregular activity" behind its #Sageworks shutdown was a #datasecurity incident involving unauthorized access, which it says has been contained. More here: sbrew.link/eQw7e95D

#Cryptocurrency companies are spending heavily to elect allies and defeat critics in this year's #midterms, testing whether they can replicate their 2024 political success while positioning themselves for Washington's power shift. More here: sbrew.link/5ipszJ8D

#Advisors generally acknowledge that marketing can help their businesses grow. Few take the necessary additional steps to learn what can turn a referral into an actual client, but #AI can help. More here: sbrew.link/jzyiJybN

The degree to which oversight presents a risk to banks and other financial firms might hinge on the #Senate outcome on Tuesday and the extent to which banks have exposure to either disgraced financier Jeffrey Epstein or President Trump's #crypto businesses. More here: sbrew.link/tjBiQC1C

Paulson, who led the #TreasuryDepartment from 2006 to 2009, gave a speech Thursday calling for the United States to get its economic and political houses in order so it can more effectively lead the world. To do otherwise, he said, would risk disaster. More here: sbrew.link/TPMFWNd3 #NationalDebt

#Banks measuring AI performance against pre-AI baselines are far more likely to quantify financial performance. Read the full story from Larry Cao, American Banker's Senior Market Intelligence Analyst, AI, here: sbrew.link/eClQEBvV #AIinBanking

The September Personal Consumer Expenditure #inflation rate came in at 3.6%, a number that in itself is unlikely to shape the Fed's next policy decision but it adds another key data point for the central bank to consider. More here: sbrew.link/BUaNWUnT #Economy

The Consumer Financial Protection Bureau is exposing millions of sensitive financial records to mounting cyber threats, an inspector general has found, saying that the agency failed its annual cybersecurity audit. More here: sbrew.link/3jrV9y4Y #OIGreport #CFPB

Fraud victims do not give criminals "actual authorization" to their bank accounts, a judge ruled, allowing a suit against @BankofAmerica to move forward. More here: sbrew.link/8qmtLguG

The @federalreserve might have to go back to the drawing board for its rule setting a cap on the fees #banks can charge for processing #debitcard transactions. sbrew.link/QqylomOh

The Consumer Financial Protection Bureau has reversed its "mandatory" relocation order for remote workers who were previously based in regional offices that the Trump administration has closed. sbrew.link/kfoLY3Eb #CFPB #CFPBnews

The new chief executive officer of @Truist Financial, Mike Lyons, shared his vision for what he believes the underachieving superregional bank can become, and outlined the initial steps it's taking as part of that evolution. sbrew.link/deJLqLjs #BankLeaders #BankCEOs

As #WealthManagers vie for market share serving wealthy clients, @WellsFargo Private Wealth Head Krista Goryl seeks to ensure advisors have the firm's vast banking and other resources at their disposal. sbrew.link/zF1yaU8Y #WealthManagement

The Consumer Financial Protection Bureau’s recent decision to make it more difficult to see customer complaint narratives is depriving the financial services industry of a vital source of business intelligence, writes Marcia Tal, of Tal Solutions, in American Banker’s BankThink. sbrew.link/eUmZbwkQ #CFPB #TalSolutions

Attackers have fired millions of attempts at the #PHP2Shell flaws, but no U.S. bank or credit union has publicly reported a compromise. More here: sbrew.link/OBlPOIZ3 #Cyberattacks