Tagged: banking

June 7, 2026 @ 3:58 pm By Michael Wong  |  

Bangladesh-based AB Bank PLC has launched the pilot phase of a new digital lending platform that uses artificial intelligence to automate loan approvals and disbursements, underscoring the growing adoption of AI-powered financial services across emerging markets. The bank said its new service, called “AB e-Loan,”… Read More

June 5, 2026 @ 11:22 pm By Omar Faridi  |  

UK-based digital banking provider Monzo is preparing to enter the mobile telecommunications sector with the introduction of its own phone service later this year. The move from the UK headquartered digital bank now represents a strategic effort to deepen overall customer engagement as well as… Read More

June 5, 2026 @ 4:49 pm By JD Alois  |  

Revolut is predicted to gain a federal bank charter in the US  in the coming months, with a launch next year. Reuters notes that Revolut will offer FDIC-insured accounts and the full stack of digital banking services. Add to this, services like stablecoins, and probably… Read More

June 5, 2026 @ 1:18 am By Omar Faridi  |  

Westpac has indicated that Australian consumers are now said to be integrating artificial intelligence into their daily lives. This, according to insights from the researchers at Westpac. The most recent data from the bank’s card transactions shows a considerable surge in paid AI subscriptions, signaling… Read More

June 3, 2026 @ 3:49 pm By JD Alois  |  

Community banks are navigating a rapidly changing financial landscape shaped by AI, data, and evolving customer expectations. Join EY and Fintech Sandbox on June 22 for an evening of conversation exploring how banks, startups, and investors are working together to drive meaningful innovation while maintaining… Read More

June 3, 2026 @ 10:23 am By JD Alois  |  

Bybit EU has agreed to utilize ClearBank Europe’s banking tech stack to support cloud based banking services including digital assets Bybit EU is an Austrian Crypto-Asset Service Provider (CASP) authorized under the Markets in Crypto-Assets Regulation (MiCAR) in Austria. Bybit EU serves customers across the… Read More

June 2, 2026 @ 8:19 am By Omar Faridi  |  

OpenAI has extended access to its cybersecurity-focused artificial intelligence model to several UK based banking institutions. This initiative comes at a time when banks are grappling with evolving risks posed by sophisticated AI tools capable of identifying and exploiting system vulnerabilities. The model in question,… Read More

June 2, 2026 @ 2:12 am By Omar Faridi  |  

Global financial messaging network SWIFT has rolled out a comprehensive new payments scheme tailored specifically for consumer and small business transactions. This initiative, developed in close collaboration with leading banks worldwide, aims to deliver improved levels of speed, overall cost transparency, predictability, and reliability to… Read More

May 28, 2026 @ 1:10 pm By Omar Faridi  |  

McKinsey& Company has recently examined the growth of neobanks and various Fintech challengers. The report from McKinsey spotlights the growth and profitability of neobanking platforms. The latest Global Banking Annual Review from McKinsey & Company draws attention to a clear shift underway in financial services…. Read More

May 28, 2026 @ 6:26 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI), a Fintech firm that has gradually transformed into a more comprehensiv national bank, has taken a significant step in bridging traditional finance and blockchain by making its dollar-backed stablecoin, SoFiUSD, available to nearly 15 million members directly inside its standard mobile… Read More

May 26, 2026 @ 10:52 am By JD Alois  |  

Digital bank Revolut wants to become a federally chartered bank in the US. The successful UK-based Fintech is already approved to provide banking services in the EU. Revolut Bank UAB is licensed by the European Central Bank (ECB) and regulated by the Bank of Lithuania…. Read More

May 24, 2026 @ 8:22 am By Omar Faridi  |  

A recent survey by Bluevine, a digital banking platform for small businesses, sheds light on the heavy toll that financial pressures are taking on Us based business owners / entrepreneurs. The study reveals that financial anxiety has evolved from a mere business challenge into a… Read More

May 21, 2026 @ 2:48 pm By Omar Faridi  |  

As widely reported by now, US President Donald Trump has requested the Federal Reserve to seriously consider enabling proper fintech access to payment accounts As CI reported, Trump has now signed an executive order on Tuesday calling on US regulatory authorities as well as the… Read More

May 20, 2026 @ 2:19 am By Omar Faridi  |  

Revolut has launched a physical debit card centered on Dogecoin (DOGE). The European fintech is positioning this new offering as a key step toward integrating the popular meme coin into routine transactions, allowing holders to use their DOGE balances seamlessly at millions of merchants worldwide…. Read More

May 19, 2026 @ 9:40 am By JD Alois  |  

Zopa Bank has been approved to offer retail investment services. Zopa notes that it is the first British bank to be approved under the new regulatory regime, which took effect on April 6th. Merve Ferrero, Chief Strategy Officer at Zopa Bank, said that investing has… Read More

May 19, 2026 @ 7:25 am By Omar Faridi  |  

UK digital bank Monzo has delivered solid financial results, marking another milestone in its expansion in the competitive fintech landscape. The Fintech company announced a significant rise in profitability, posting pre-tax profits of £87.3 million for the financial year ending March. This represents a substantial 44%… Read More

May 19, 2026 @ 6:22 am By Omar Faridi  |  

Sygnum Bank has conducted the first live trials of AI-agent-powered transactions in digital assets by a fully regulated Swiss banking institution. Announced this month, this pilot marks a pioneering step in blending artificial intelligence with blockchain operations while upholding stringent client safeguards and regulatory standards…. Read More

May 18, 2026 @ 3:07 pm By Omar Faridi  |  

Consumer Fintech Chime (NASDAQ: CHYM) continues to battle for customers against established digital challengers like SoFi (NASDAQ: SOFI). Both platforms target tech-savvy users seeking streamlined banking experiences, but they differentiate through product offerings and expansion strategies. SoFi stands out by providing more attractive yields on deposits…. Read More

May 18, 2026 @ 9:22 am By Omar Faridi  |  

Anchorage Digital and Grupo Salinas have unveiled a strategic collaboration aimed at transforming international settlements. The alliance leverages regulated stablecoins to enable faster, more efficient, and transparent cross-border transactions, marking a step forward in the integration of digital assets into traditional banking systems. Anchorage Digital,… Read More

May 16, 2026 @ 7:31 pm By Omar Faridi  |  

Earlier this month, US lawmakers had submitted dozens of proposed changes to cryptocurrency legislation, with many zeroing in on rules for stablecoins and decentralized finance (DeFi) protocols. These adjustments surfaced just ahead of the Senate Banking Committee’s bipartisan vote advancing the Digital Asset Market Clarity… Read More