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Financial institutions news from around the web: October 28 – November 1, 2024

Written on Nov 1, 2024

Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue the bureau, arguing overreach. 

Migrating payments services to the cloud can help credit unions address a number of rapidly evolving demands. 

U.S. payments associations urged the World Bank this week to consider interoperability and private sector involvement in its development of a digital public infrastructure. 

Banks used to be the only game in town for small businesses looking to set up an account, get credit and hear advice about managing their cash flow. Now, one company is shifting the point of interaction for small businesses to obtain capital and credit from bank branches to software platforms.