The SITA project will modernise five key government institutions through digital transformation, aiming to improve transparency, accountability and public service delivery.

Core banking modernization succeeds through phased, API-driven transformation—not risky “rip-and-replace” projects—reducing ...

Financial institutions can modernize core banking through phased, modular migration strategies that reduce risk, preserve ...

Financial regulation "cliffs," such as the one imposed by the Durbin Amendment, create terrible incentives. Congress should step in and reform the various measures that rely on such imprecise triggers ...

Major U.S. banks, including JPMorgan, Citi and Bank of America, plan to establish a shared tokenized deposit network by mid-2027, operated by the Clearing House, according to the Wall Street Journal.

Supervisory ratings for large banks climbed as a result of the Federal Reserve's new oversight framework. Roughly 80% of large financial institutions — those with more than $100 billion of assets — ...

Kevin Warsh has made his first two hires after his swearing-in as Federal Reserve chair last month, according to a person familiar with the matter. The two men, Paul Winfree and Daniel Heil, are ...

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (NYSE: CBU) (the “Company”) through its wholly-owned banking subsidiary, Community Bank, N.A., is pleased to announce the completion ...

Despite $30 to $40 billion of enterprise investment into generative artificial intelligence, a Massachusetts Institute of Technology report revealed that 95% of organizations are getting zero return.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The filing comes on the heels of ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. President Donald Trump's new executive order on financial due diligence ...

WASHINGTON, May 19 (Reuters) - U.S. regulators have proposed an overhaul to a confidential rating system for banks, saying ‌the changes would ensure that examiners grade the financial institutions ...