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US banks to struggle with climate risk data – Federal Reserve

Finextra

According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.

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US digital dollar is “nowhere near” development, says Federal Reserve chair

Finextra

Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.

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Unveiling the Federal Reserve's ScamClassifier model: A leap forward in anti-fraud efforts

BioCatch

To combat this, the Federal Reserve has introduced a groundbreaking new tool: the ScamClassifier model. Digital-first strategies and transactions are now so ubiquitous, and the growth of technology has been so rapid with AI, that the methods and tools employed by fraudsters to scam victims have become massively sophisticated.

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Banks explore climate risk resilience in Federal Reserve pilot study

The Paypers

The Federal Reserve Board has released a summary of an exploratory pilot Climate Scenario Analysis (CSA) exercise conducted with six major US banks.

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Orum goes live with the Federal Reserve

The Paypers

API solutions provider Orum has announced that it went live with FedACH, the Federal Reserve ’s automated clearing house service, and it is set to add FedNow and FedWire solutions.

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Nacha Statement on the Federal Reserve's Requesting Comments to Expand the Operating Days of the National Settlement Service to Include Weekends and Holidays

NACHA

Nacha Statement on the Federal Reserve's Requesting Comments to Expand the Operating Days of the National Settlement Service to Include Weekends and Holidays droth@nacha.org Fri, 05/03/2024 - 12:52 Image Media ACH Network Logo with background

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Federal Reserve Board Will Extend Comment Period on Interchange Fee Proposal

The Nilson Report

The post Federal Reserve Board Will Extend Comment Period on Interchange Fee Proposal appeared first on Nilson Report.