News
Bank of America Intros Pay-Over-Time Plans and Expanded Rewards Program
51+ min ago (315+ words) Bank of America introduced a credit card feature to let clients pay over time. The bank's Custom Pay Plan is one of three new offerings, along with a new loyalty program and credit monitoring services, according to a Wednesday (June…...
Brazil's Central Bank Wants More Authority Amid Fin Tech Explosion
1+ hour, 43+ min ago (439+ words) Brazil's central bank'is reportedly dealing with pushback as it seeks greater autonomy. As Bloomberg News'reported'Wednesday (June 10), the bank is arguing that limited resources are hindering its oversight as the country's financial system grows more complex. A constitutional amendment that would…...
Financial Watchdogs Push for Greater Oversight as Autonomous AI Gains Ground in Banking
1+ hour, 34+ min ago (426+ words) Agentic AI systems, which can make decisions, plan actions and execute tasks with minimal supervision, are already being integrated into a variety of financial-sector activities. Reuters reported that institutions are using the technology in areas such as fraud monitoring, customer…...
Ramp Wants to Apply AI to Complex Financial Workflows
1+ hour, 19+ min ago (327+ words) Financial operations platform Ramp has introduced its Ramp Applied AI Solutions offering. The new tool, announced Wednesday (June 10), is designed to help larger enterprises deploy artificial intelligence (AI) agents for complex financial workflows. "In finance, every decision depends on buried…...
New York's Synthetic Performer Disclosure Law Raises Compliance Stakes for Advertisers
1+ hour, 27+ min ago (338+ words) Advertisers using AI-generated human characters in marketing campaigns face new compliance obligations in New York beginning this week under a first-of-its-kind state law requiring disclosure of certain "synthetic performers" in commercial advertisements. One of the most significant challenges for advertisers…...
Packers Media Insider Defends NFL Broadcast Exemption Amid Congressional Scrutiny
1+ hour, 41+ min ago (698+ words) As federal regulators and lawmakers examine the NFL's longstanding broadcast antitrust exemption, one voice from within the league's ecosystem has offered a rare public defense of the policy, highlighting concerns about the potential impact on smaller-market franchises. The NFL has…...
Ripple Targets Agentic Payments Market With XRPL Starter Kit
1+ hour, 52+ min ago (245+ words) Ripple'has launched a new set of tools, documentation and integrations designed to help developers build agentic payment applications on the'XRP Ledger'(XRPL) blockchain. The XRP Ledger offers many of the capabilities required for agentic payments, including fast settlement, low and…...
Banks Are Falling for Deepfake Borrowers
4+ hour, 19+ min ago (533+ words) Fraudsters are using deepfakes, cloned voices, fake employment records and AI-generated financial behavior to create synthetic borrowers that can pass onboarding and underwriting before vanishing after loans are funded. AI-driven lenders are vulnerable because fraud models are built to detect…...
PYMNTS | Agentic AI Risk Catches Eye of Financial Stability Board
4+ hour, 21+ min ago (392+ words) The high levels of autonomy that AI agents may have can create or amplify certain risks, which can materialise at great speed," the report said. These risks include the threat that'AI agents" designed to act autonomously " might take illegal, unethical…...
PYMNTS | Why Issuers Are Ready For A Better Rewards System
1+ week, 12+ hour ago (105+ words) Issuers Say Smart Checkout Could Rewrite Card Rewards PYMNTS Intelligence surveyed 70 card issuers and Fin Techs to understand how they view smart checkout, a system that can apply eligible offers and rewards at the point of sale. The findings show…...