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3 days ago | 
bankautomationnews.com | Vaidik Trivedi |Whitney McDonald
By Vaidik Trivedi, Whitney McDonald The Consumer Financial Protection Bureau's X account is gone. "This account doesn't exist," reads social media platform X, formerly Twitter, on what used to be the regulatory agency's official account. Since President Donald Trump took office Jan. 20, the CFPB has experienced sweeping changes: In April, the CFPB issued staff reduction notices to more than [...]
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1 week ago | 
bankautomationnews.com | Whitney McDonald |Vaidik Trivedi
By Whitney McDonald, Vaidik Trivedi Huntington Bank has been experiencing transaction processing delays. A spokesperson at the $210 billion bank told Bank Automation News: "Due to a processing issue, some Huntington Bank customers may have experienced issues accessing account information and delays in the processing of certain transactions. The issue has been resolved." Consumers started reporting issues May 6 via [...]
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1 week ago | 
bankautomationnews.com | Whitney McDonald |Vaidik Trivedi
By Whitney McDonald, Vaidik Trivedi Huntington Bank has been experiencing transaction processing delays. A spokesperson at the $210 billion bank told Bank Automation News: "Due to a processing issue, some Huntington Bank customers may have experienced issues accessing account information and delays in the processing of certain transactions. The issue has been resolved." Bank customers reported outages via real-time outage [...]
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1 week ago | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Fiserv's network issues are resolved following Friday's outage, which stemmed from a planned network enhancement at one of its data centers. The data center glitch affected peer-to-peer payment provider Zelle's transactions during the outage. "On Friday morning, we experienced an internal issue that temporarily disrupted service," Fiserv told Bank Automation News. "The issue was fully [...]
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Feb 10, 2025 | 
bankautomationnews.com | Whitney McDonald |Vaidik Trivedi
By Whitney McDonald, Vaidik Trivedi Cloud investment is a priority for financial services leaders in 2025 as they move forward with their roadmaps for AI-driven innovation, business continuity plans, personalized experiences and overall modernization. "For a financial institution, cloud plays a tremendous role as part of their modernization strategy," Dmitri Furman, global head of public cloud at $2.4 trillion [...]
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Feb 7, 2025 | 
bankautomationnews.com | Whitney McDonald |Madeline Durrett
By Whitney McDonald, Madeline Durrett Tech leaders at FIs are part of an exodus of top leadership across industries since the presidential election in November 2024. In December, 230 chief executives left, according to executive outplacement firm Challenger, Gray & Christmas' Jan. 30 report. "The environment of economic, political and regulatory uncertainty that prevailed in 2024 certainly led to [...]
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Feb 6, 2025 | 
bankautomationnews.com | Whitney McDonald
The growing deepfake detection market is expected to be a $15.7 billion industry by 2026, according to consultancy firm AI voice fraud detection startup Herd Security is one tech provider that banks are channeling to reduce targeted attacks against their organizations and clients, Brandon Min , co-founder and chief executive of Herd Security, tells Bank Automation News on this episode of the "The Buzz" podcast.
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Feb 4, 2025 | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Bank outages, like the one at London-based Barclays last week, are a growing threat as more banks see downtime due to vendor disruption, legacy system failure and lack of operational resiliency. In fact, 53% of financial services companies report experiencing service disruptions at least weekly, according to The State of Resilience 2025 report conducted [...]
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Feb 3, 2025 | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald Mastercard's deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The payments giant added generative AI to its Decision Intelligence solution, a real-time decisioning tool, in February 2024, according to Mastercard. The tool processes 143 billion transactions annually and uses generative AI to scan 1 trillion [...]
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Jan 31, 2025 | 
bankautomationnews.com | Whitney McDonald
By Whitney McDonald As financial institutions increasingly look to invest in digital capabilities to meet their business clients' needs, knowing where to automate can be a challenge. Tech leaders from Landmark Credit Union and Mountain America Credit Union's digital priorities within their business banking operations include: Modernizing processes; Leveraging data analytics; Reducing and preventing fraud; Building [...]
