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@bai_info

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ID: 57687059

linkhttps://www.bai.org calendar_today17-07-2009 16:30:56

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Bank of America CEO Brian Moynihan says the financial industry is ready to embrace crypto—but only if clear regulatory frameworks are established. "The banking system will come in hard on the transactional side of it," Moynihan said. cnb.cx/40tTkP2

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A streamlined process for obtaining bank charters could drive innovation, improve competition, and keep fintech activity regulated, argue Michele Alt of Klaros Group and seven other financial experts in an open letter. bit.ly/42AJTjl

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The SEC has repealed a 2022 rule that classified crypto as a liability on bank balance sheets, easing financial and regulatory burdens for banks offering crypto custody services. cnb.cx/3Cp80XG

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Federal banking regulators secured a delay in oral arguments over updates to anti-redlining rules, giving Trump-appointed leaders time to review changes to the Community Reinvestment Act. bit.ly/40CzJwd

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President Trump is of two minds when it comes to America’s currency. Both Trump’s goals, a strong dollar and a weak dollar, have benefits. But he can’t achieve both at the same time. nyti.ms/3Efl3eM

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Fraud threats are evolving, and banks must stay ahead. Check fraud has doubled since 2021, and criminals are exploiting every vulnerability. Learn how industry leaders are strengthening fraud defenses in BAI’s latest Executive Report. bit.ly/4aSri4o

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SaaS brings innovation and efficiency, but FIs must take steps to ensure that sensitive data is not vulnerable to misconfigurations, identity sprawl. bit.ly/3ErRYNd

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Navigating privacy risks and data governance, while capitalizing on AI opportunities in banking, calls for smart and secure strategies. bit.ly/41sKMcU

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A multi-layered defense is essential for banks against sophisticated AI-sourced fraud schemes that use deepfakes, voice cloning and document forgery. bai.org/banking-strate…

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There’s a digital transformation blind spot in banking — and a balanced approach to fixing the problem. bit.ly/4kg6PuG

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Navigating privacy risks and data governance, while capitalizing on AI opportunities in banking, calls for smart and secure strategies. bit.ly/41sKMcU

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Over the weekend, President Trump announced the creation of a strategic crypto reserve – a pivot from the “bitcoin stockpile” he previously touted – that he said will include ether, XRP, Solana’s SOL token and Cardano’s ADA, in addition to bitcoin. cnb.cx/43lvZSO

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Amid reports of potential plans to consolidate bank regulators, bankers remain divided on the issue, with 52% in favor of some form of consolidation and 48% opposed, according to IntraFi. bit.ly/4io8IDL

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The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. bit.ly/4iipjsw

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Traditional finance has a long list of criticisms, but its biggest drawback, say some critics, has been the continued and often timeless dependence on intermediaries. Now, a new model is in play: deobanks that operate on blockchain technology. bit.ly/4i0Dlzf

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Comparable peer performance spanning branch selection to efficiency ratios and more flag missed market share or signal when a strategy course correction is necessary. bit.ly/44pSCpk

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Technology can help with market turbulence, but dealmakers should balance AI advantages with evolving compliance requirements. bit.ly/3RO8tqx