Tagged: banking

July 7, 2026 @ 10:36 am By Omar Faridi  |  

Klarna (NYSE:KLAR), the global digital bank and payments provider, announced on July 6, 2026, that it has formally applied for approval to establish its own banking subsidiary in the United States. The company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit… Read More

July 2, 2026 @ 12:56 pm By JD Alois  |  

The deadline for gaining approval under MiCA [Markets in Crypto Assets regulation] was yesterday, July 1st. Anyone not approved, must immediately cease any crypto activities. Sygnum, a digital asset bank based in Switzerland that is regulated in multiple jurisdictions and holds a MiCA license in… Read More

June 30, 2026 @ 3:46 pm By Omar Faridi  |  

The planned sale of Atom Bank, one of the UK’s digital challenger banks, is reportedly close to falling through. According to an update from the Financial Times, the Newcastle-based lender has been unable to attract bids at the £600 million level its shareholders had been… Read More

June 30, 2026 @ 2:19 am By Omar Faridi  |  

Mizrahi Tefahot Bank has become the first financial institution based in Israel to roll out a contactless system for withdrawing cash from automated teller machines. Customers can now access funds by tapping a smartphone, smartwatch, payment ring, or bracelet against the machine, eliminating the need… Read More

June 29, 2026 @ 11:41 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) is developing a revised open banking proposal that would allow consumers to share their bank and credit card data with fintech companies at no initial cost, while permitting banks to charge those companies for access once a certain volume of… Read More

June 26, 2026 @ 4:00 pm By JD Alois  |  

A recent report by Moody’s highlights the growing interest in acquiring a federal bank charter. For years, few firms sought to obtain a bank charter, but the transition to digital finance and the desire to offer bank services directly have compelled more entities to apply… Read More

June 26, 2026 @ 3:37 pm By Omar Faridi  |  

N26, the Berlin-based digital banking services provider, has reported strong results for fiscal 2025, crossing the €500 million revenue threshold while posting its first full year of net profitability. The performance highlights the company’s improving operational efficiency and progress toward a more sustainable business model…. Read More

June 25, 2026 @ 1:41 pm By Omar Faridi  |  

UK based banks and building societies, supported by UK Finance, have completed initial testing for a new voluntary digital verification service designed to let customers securely share verified personal details through their banking apps. Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and… Read More

June 25, 2026 @ 7:20 am By Omar Faridi  |  

Atom Bank, one of the UK’s digital banks that aims to enhance user experience, has deployed Flowable’s process automation technology to overhaul its commercial lending operations. The move represents a strategic push to deliver faster, more efficient, and highly scalable services in the competitive commercial… Read More

June 24, 2026 @ 9:30 am By Omar Faridi  |  

Backbase has acquired Kasisto, a firm specializing in agentic artificial intelligence tailored for banking and financial services, marking a significant step forward in the evolution toward intelligent, action-oriented banking systems. Announced recently this month, the move integrates Kasisto’s advanced agentic platform, specialized financial expertise, and… Read More

June 24, 2026 @ 8:23 am By Omar Faridi  |  

Chainlink has joined forces with banking consortia from Europe and South Korea to launch Project Pangea. The initiative seeks to enable near-instantaneous settlement of euro-to-South Korean won foreign exchange transactions using regulated stablecoins, replacing the traditional multi-day delays that currently characterize much of the global… Read More

June 24, 2026 @ 8:21 am By Omar Faridi  |  

Telcoin Digital Asset Bank has introduced regulated on-chain bank accounts for users in the United States. Launched on June 23, 2026, through the latest version of the Telcoin Wallet, this offering marks the first time U.S. consumers can open a bank account directly tied to… Read More

June 24, 2026 @ 2:37 am By Omar Faridi  |  

In Washington this week, Senators Pete Ricketts of Nebraska and Catherine Cortez Masto of Nevada advanced a bipartisan effort to better understand and potentially improve how smaller banks and credit unions work with financial technology companies. On June 18, 2026, the lawmakers introduced the Bank-Fintech… Read More

June 23, 2026 @ 10:34 pm By Omar Faridi  |  

Two of Austria’s largest banking groups have become shareholders in the European Payments Initiative (EPI). The move will bring the Wero digital wallet — a secure, instant account-to-account (A2A) payment solution — to customers in Austria, significantly broadening its geographic reach. The announcement, issued on… Read More

June 22, 2026 @ 3:11 pm By JD Alois  |  

Anchorage Digital, a federally chartered US Bank, says it will now support tokenized deposits for regulated banks. Anchorage states that the service does not require an upgrade to a banks existing tech stack but will provide 24/7 transfers and payments allowing banks to better compete… Read More

June 22, 2026 @ 2:53 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN) has taken a major step forward in its data and AI-first transformation by making artificial intelligence tools available to every one of its roughly 185,000 employees worldwide. The move, effective immediately, significantly expands access from the nearly 40,000 staff members who… Read More

June 19, 2026 @ 12:16 am By Omar Faridi  |  

A recent BIS working paper explores how the rise of online banking and social media platforms is transforming how US banks set deposit rates and respond to monetary policy shifts. Authored by Michael Brei, Giulio Cornelli, Leonardo Gambacorta, and Boris Hofmann, the study draws on… Read More

June 18, 2026 @ 9:21 am By JD Alois  |  

Puerto Rico-based FV Bank has distributed an update on its digital banking services. FV Bank is a regulated US digital bank and financial infrastructure platform headquartered in San Juan. The company aims to combine traditional regulated banking services alongside modern offerings. Today, the bank reports… Read More

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