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Banking on Intelligence: The Global Sprint to AI Maturity in Finance

Finextra

From virtual assistants to risk modeling and hyper-personalized customer experiences, banks are betting big on AI to transform operations, reduce costs, and redefine digital engagement. This global heatmap of AI in banking draws on fresh data, case studies, and market insights to uncover the evolving landscape of AI adoption.

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Stablecoins to streamline Cross Border Payments

Finextra

The fait currency had not left the sender’s bank before the amount transferred at the receiver’s bank had been moved. A foreign issuer would be permitted to offer and sell stablecoins becoming subject to OCC supervision, among other things. Global non-cash commercial payments will grow at a CAGR of 11.3%

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Could OCC's payments charter face the same fate as its fintech charter?

Payments Source

The Office of the Comptroller of the Currency has endured a fairly choppy legal ride since unveiling its idea five years ago to establish a special charter for non-bank fintech companies to access a nationwide financial system for lending services without worrying about being licensed to do so in all 50 states.

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OCC FinTech Efforts in Legal Crosshairs, While GDPR Still Lags

PYMNTS

The battle over FinTechs and national banking charters is about to get a bit more heated. Or to put it a bit more specifically, the Conference of State Bank Supervisors sued the Office of the Comptroller of the Currency. The banking sector, argues the suit, is more efficiently regulated at the state level.

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Industry Reacts as OCC Reveals Concerns About Impact of Fintech-Bank Partnerships

The Fintech Times

The regulatory tides may be changing in the US, as the Office of the Comptroller of the Currency (OCC) suggests banks should be doing more to manage risks related to partnering with fintech firms.

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Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

PYMNTS

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

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OCC Defines Top Threats To Banks This Season

PYMNTS

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy. Shifts in Lending Practices.

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