Financial institutions news from around the web: May 19 – 23, 2025

FTA to defend open banking in court 

The Financial Technology Association will seek to protect a Consumer Financial Protection Bureau open banking rule after receiving a federal judge’s permission to intervene. 

Banks struggle to talk about fraud 

Financial institutions battling an increase in fraud, particularly push-payment scams, have been stymied in sharing information that might help them better protect customers. 

Think your bank’s identity fraud prevention strategy is foolproof? Think again. 

Why banks and financial institutions must update their risk management strategies and modernize payment systems in an AI-driven future 

Klarna touts merchant growth 

The buy now, pay later provider surpassed 100 million users globally this year, but also reported widening consumer credit losses for the first quarter.