People familiar with the matter say IBM has offered presentations of its software to banks including Bank of America Corp., Barclays PLC and Morgan Stanley.
The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.
The Customer Due Diligence rule, in the works since 2012, and the proposed legislation are meant to hinder criminals from using shell companies to hide ownership and launder money, finance terror, and commit other threats to the global financial system.
A generation ago, most businesses just picked the bank closest to their office. Today, banks of all sizes and locations compete for your business -- but not all are equal. Let's break it down.
If you're not ready for to transition to EMV chip cards by Oct. 1, you could put your customers and your business at risk. Here's what you need to know.