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American Banker
americanbanker.com > opinion > what-if-jack-dorseys-right-about-ai-and-jobs

What if Jack Dorsey's right about AI and jobs?

1+ hour, 55+ min ago  (241+ words) For all you bankers out there, it's not just a question of your own staff. What will this do to your customers? How will that affect your bottom line?And keep in mind that the U.S. economy relies heavily upon consumer…...

American Banker
americanbanker.com > payments > news > is-block-the-first-domino-for-ai-spurred-layoffs

Is Block the first domino for AI-spurred layoffs?

1+ day, 2+ hour ago  (742+ words) It was the combination of "layoffs" and "artificial intelligence" that stoked broader concern for an AI-driven shock to the labor market, leaving many to wonder whether Jack Dorsey's payments company Block was a bellwether for mass AI-fueled firings, or merely…...

American Banker
americanbanker.com > payments > news > visa-exec-andrew-torre-discusses-value-added-services

Inside Visa's quest to go beyond card swipes

6+ day, 2+ hour ago  (712+ words) A particularly nasty form of payment fraud has provided the latest chance for Visa to showcase services that aren't directly related to card payments.The card network said it recently spotted a "romance scam" that uses fraudulent dating sites to…...

American Banker
americanbanker.com > news > do-you-know-what-gen-ai-is-saying-about-your-bank

Do you know what Gen AI is saying about your bank?

1+ week, 4+ hour ago  (1677+ words) For years, if someone wanted to find out about a bank, they would Google it. And this still happens today. But increasingly consumers are consulting generative AI models like ChatGPT, Claude, Gemini and Perplexity. What they're getting back from the…...

American Banker
americanbanker.com > opinion > racing-to-integrate-ai-into-their-systems-is-dangerous-for-banks

Banks need to pump the brakes on artificial intelligence adoption

1+ week, 5+ hour ago  (632+ words) Artificial intelligence has become the most overused phrase in banking, and possibly the least examined. Every earnings call mentions it. Every vendor deck promises it. Every board agenda now has it wedged somewhere between cybersecurity and regulatory updates. The pressure…...

American Banker
americanbanker.com > news > treasury-issues-new-ai-risk-tools-for-banks

Treasury issues new AI risk tools for banks

1+ week, 3+ day ago  (1244+ words) Overview bullets generated by AI with editorial review The U.S. Department of the Treasury released two artificial intelligence risk management tools on Thursday to help financial institutions safely adopt the technology, the start of a broader rollout this month of six…...

American Banker
americanbanker.com > payments > list > banc-of-california-names-new-head-of-payments

Banc of California names new head of payments

1+ week, 4+ day ago  (135+ words) In this week's banking news roundup: Treasury Secretary Scott Bessent said in a public appearance in Dallas Friday that the administration will seek alternative means of enacting the White House's tariff agenda after the Supreme Court struck down the tariffs…...

American Banker
americanbanker.com > opinion > bofas-struggles-with-ai-adoption-reflect-a-broader-problem-in-banking

BofA's struggles with AI adoption reflect a broader problem in banking

1+ week, 4+ day ago  (781+ words) Leaked emails from Nvidia reveal that Bank of America employees are struggling to use the tech giant's enterprise AI software, complaining they were sold "a Formula 1 race car" but expected to operate it with "local car mechanics." With 80% of U.S. banks…...

American Banker
americanbanker.com > news > openclaw-ai-creates-shadow-it-risks-for-banks

OpenClaw AI creates shadow IT risks for banks

1+ week, 4+ day ago  (1170+ words) Overview bullets generated by AI with editorial review The rapid rise of the open source project OpenClaw, a personal AI assistant, has created a wave of shadow IT risks for financial institutions, turning the productivity tool into a potential entry…...

American Banker
americanbanker.com > payments > news > exclusive-research-fed-shakeup-ipos-threaten-credit-unions

Credit unions see threats in Fed shakeup, nonbank IPOs

1+ week, 6+ day ago  (1225+ words) American Banker's 2026 Predictions report was fielded online during October and November of 2025 among 174 banking professionals who work across a variety of executive roles at banks, credit unions, neobanks and payments companies. This item focuses on results from credit union executives....