Two of our experts, Larry Gordon and Dr. Kathleen Gowin, offer discussion about leveraging both technical and non-technical solutions to improve customer KYC processes in a video interview with Bank Info Security.

The Treasury released a 17-page road map for administration officials and lawmakers navigating the combined package of spending and tax proposals through Congress.

Breaking down Biden’s budget proposal plan, and key takeaways on how funds could be allocated in the next fiscal year.

Financial Crimes Enforcement Network is developing a registry to crack down on anonymous shell companies. This requires companies at incorporation to report their beneficial owners to the agency, which will put the information into a new database. Industry representatives, while optimistic, remain leery of any reform that doesn’t significantly lighten the requirements for banks under the nation’s AML regime.

Banks with high concentrations of mortgage warehouse exposure are being encouraged by regulators to proactively redeploy into other earning assets.

Many Servicers with large forbearance portfolios will struggle with contractual obligations to investors and guarantors due to the conflicting requirements of the CARES Act and state law moratoria. Further, because of the vast disruption to the legal community caused by loan forbearance in 2020, servicers, attorneys, custodians and courts will not be able to handle the surge in foreclosure caseload.

Input costs soared in March. The rate of inflation accelerated to the fastest since data collection for the services survey began in October 2009. All 18 industries in the index reported higher prices in March.

The index for prices of goods soared 1.7% in March from February, the biggest increase since the data series was started in 2009. Energy costs jumped 5.9% for the month. Within that, gasoline prices jumped 8.8%.

The unprecedented chip shortage has caused many companies to buy up chips in production in order to shore up stocks. The resulting shortage has squeezed capacity and driven up costs of even the cheapest components of nearly all microchips, increasing prices of final products.

RTP is quickly becoming a must-have in payments—as nine out of 10 businesses are interested in adopting it. Banks should embrace real-time payments to improve their bottom line, create a seamless customer experience, and mitigate the risk of fraud.

"Combining TriumphPay and HubTran will allow TBK to create a fully integrated payments network for transportation servicing brokers and factors.”

The company offers tools to assist healthcare providers with their financial performance by expanding the patients’ payment options and streamlining administrative workflows.

Brian Moynihan discusses how he has guided BofA toward being a leading technology company in the world of banking and finance... “We’re a technology company, wrapped around a great bank, and that’s going to be the future of what we do,” Moynihan insists. “And that’s because our customers demand it.”

7.1 million American households are unbanked, and the FDIC is aiming to get millions of unbanked Americans into the traditional banking system through its #GetBanked initiative.

The UK's most valuable fintech, Revolut, is taking its employees' request for flexibility to heart and plans to roll out a flexible remote work schedule for its employees. This decision aligns with the growing momentum across the globe for companies to let employees work from home permanently, leading to some companies canceling office leases.

How is the pandemic influencing organizations’ 2021 strategic agendas? Deloitte research reveals four key trends shared across industries—plus a shared focus on accelerating the pace of change.

In a recent survey, academics, banking executives, investors, non-governmental organizations and central banks proposed tougher rules around the amount of capital banks need to keep as a buffer if they want to lend to companies responsible for emitting high levels of greenhouse gases.