3 FIs fight scams with gen AI
Consumers are increasingly falling victim to scams and financial institutions are stepping in to combat the losses. In 2024, consumers...
Risk & Security
Banks replace passwords with QR codes for security, CX
Financial institutions are offering new options to traditional passwords to enhance security and sign-in experiences — and clients are opting...
CFPB moves to withdraw open banking rule
The Consumer Financial Protection Bureau’s new leadership has been pulling back, and the latest retreat is likely to affect open...
Capital One: ‘Swiss cheese,’ multilayered approach needed to fight fraud
After auto fraud exposure hit record highs in 2024, lenders and dealers are using multilayered fraud-prevention systems and looking to...
FIs, regulators rev up anti-fraud strategies
The democratization offered by AI is making it easier for low-skilled, inexperienced bad actors to launch high-impact schemes. Even the...
What keeps 6 chief risk officers up at night
Technology-driven financial fraud is escalating rapidly, keeping FIs on their toes. (Courtesy/Canva Dream Lab) Bank Automation News surveyed six risk...
CFPB X account ‘doesn’t exist’ anymore
The Consumer Financial Protection Bureau’s X account is gone. “This account doesn’t exist,” reads social media platform X, formerly Twitter,...
Under attack: The rise of AI-powered fraud in banking
Financial fraud is escalating worldwide. The global cost of fraud and cybercrime is projected to hit $10.5 trillion this year,...
CFPB could ‘water down’ open banking rule, founder says
Since Donald Trump took office on Jan. 20, the Consumer Financial Protection Bureau has seen significant transformation. (Courtesy/Bloomberg) Actions by...
2 senior CFPB officials ‘still working,’ source says
Two senior officials at the Consumer Financial Protection Bureau continue to work on auto financial markets-related matters, despite the tumult and...
