News archive.
Earlier AI news and analysis, kept for reference. Current coverage lives in News & Analysis.
Banks lose customers to slow KYC—and regulators punish weak controls
Traditional KYC was built for a financial system that moved slowly. Today customers onboard in minutes and change risk profiles daily, leaving periodic reviews obsolete and compliance teams drowning in manual work.
Finastra's mortgage analytics tool maps where borrowers quit
Data Insights 2.0 draws on 1,000+ lenders' anonymised data to show where applications drop. Finastra claims UnitedBank improved completion rates by fixing identified friction points.
Epiris acquires WBS trading platform from Marex Group
UK dealing and custody provider WBS moves to private equity ownership. The £26bn-AUA business will operate as a standalone company backed by Epiris Fund III.
InvestiFi embeds trading tools into credit union banking apps
Great NorthWest Federal Credit Union will offer members stock, ETF, and digital asset trading directly in their online banking. The partnership marks a move by community banks to keep deposit holders engaged with investment services.
Mastercard settles cross-border FX in real-time on central bank rails
Mastercard Move processed instant EUR-DKK transactions on the Eurosystem's TIPS platform, settling both currency legs atomically. Banks and fintechs can now access central bank infrastructure without building direct connectivity.
Healthcare leaders gather in Singapore and Boston to move from AI talk to proof
HIMSS26 APAC (August 23-25, Singapore) and the AI in Healthcare Forum (June 25-26, Boston) bring clinicians, executives, and technologists together to focus on evidence-based deployment, not pilot hype.
IDR arbitration costs insurers $5B yearly, CMS tightens rules
AHIP reports the No Surprises Act dispute process is costing $5 billion annually due to provider gaming and PE-backed billing tactics. CMS released a final rule this week to tighten eligibility checks.
Synchrony approves 50,000 more customers by analyzing cashflow instead of credit scores
Synchrony's PRISM underwriting model added cashflow analysis to credit decisions, approving nearly 50,000 customers in 2025 who would have been declined. The bank expects to reach 150,000 next year.
Morgan Stanley's XBU Platform Unifies Risk Across Asset Classes for Hedge Funds
Morgan Stanley rolled out XBU in late 2025 to give hedge funds and asset managers clearer visibility into cross-asset risk exposure. The platform replaces siloed stress-testing systems.
HSBC's settlement bridge cuts blockchain-to-bank friction by 50%
HSBC's distributed ledger settlement utility (HDSU) lets clients send blockchain payments to anyone with a bank account. A trial client cut costs in half and sped invoicing 80%.
American Banker Names 10 Banks' 2025 Innovations Across AI, Payments, Fintech
American Banker's 2026 awards recognize team-led innovations from Ally, Bank of America, Wells Fargo, and seven others. Learn what projects won and why cross-functional execution matters.
Scotiabank buys $1B Dallas bank to lock FDIC deposits for mortgage trading
Bank of Nova Scotia acquired MapleMark Bank to access federally insured deposits and expand its structured-finance mortgage business in the US. The deal signals how banks use tuck-in acquisitions to solve specific regulatory constraints.