Tagged: banking

August 28, 2026 @ 5:29 am By Omar Faridi  |  

Swift has agreed to give the financial industry more time to complete a key part of the ISO 20022 payments upgrade: the shift from free-text postal addresses to structured ones. The decision follows formal requests from several market communities that said they could not meet… Read More

August 24, 2026 @ 12:28 am By Omar Faridi  |  

Digital bank Revolut has applied to open a branch in Finland, aiming to deliver local account details and closer everyday banking options to its existing users there. The fintech firm, operating in the European Economic Area through its Lithuanian-licensed entity Revolut Bank UAB, confirmed that… Read More

August 21, 2026 @ 12:39 am By Omar Faridi  |  

Global banks including Barclays (NYSE: BCS) and Deutsche Bank (NYSE: DB) are integrating Ant International’s FalconTST AI model to strengthen cash-flow predictions and foreign-exchange liquidity management. In a development underscoring the growing role of specialised artificial intelligence in financial services, several international banks have begun… Read More

August 20, 2026 @ 9:47 am By JD Alois  |  

Tandem Bank, a UK challenger bank, has announced significant executive changes following a board refresh earlier this year. In March, Tandem announced that Stephen Jones would become Chair, succeeding Paul Pester. Jones is currently Executive Chair of Investment Banking at Panmure Liberum. He previously held… Read More

August 19, 2026 @ 10:47 pm By Omar Faridi  |  

China’s central bank has taken another significant step in advancing its state-backed digital currency by incorporating additional commercial lenders into the operational framework for the electronic yuan, commonly referred to as the e-CNY. On August 17, 2026, the People’s Bank of China (PBOC) announced the… Read More

August 18, 2026 @ 9:55 am By JD Alois  |  

Plaid, an open banking/open finance enabler, has announced a partnership with Personetics in a move designed to provide “Open Finance Intelligence” to the banking sector. Plaid supports many Fintechs and established financial services platforms, streamlining applications like KYC, payments, and more. The company currently works… Read More

August 17, 2026 @ 9:02 pm By Omar Faridi  |  

Polygon Labs has entered Phase 2 of the Bank of England’s Digital Pound Lab, collaborating with NOBO Finance and Dun & Bradstreet. The initiative focuses on examining near-instant cross-border settlement and portable credit identities for businesses, leveraging Polygon’s Open Money Stack technology. The Digital Pound… Read More

August 13, 2026 @ 8:29 am By Omar Faridi  |  

European digital bank N26 has rolled out support for Wero, the pan-European instant payment system, inside its mobile app. The Berlin-based neobank announced the integration on 11 August 2026, making the service available to eligible customers in Germany and France. A gradual expansion to additional… Read More

August 12, 2026 @ 10:38 pm By Omar Faridi  |  

A cross-party group of United Kingdom parliamentarians has formally challenged various banks over their reluctance to provide accounts and related services to companies focused on cryptocurrency and digital assets. The move highlights ongoing friction that industry participants say threatens the sector’s ability to expand within… Read More

August 12, 2026 @ 3:28 pm By JD Alois  |  

This past week, it was reported that Netherlands-based digital bank bunq had been denied a US charter by the Office of the Comptroller of the Currency. The response sent to bunq’s legal representation in the US was uncharacteristically harsh and critical of the Fintech’s attempt… Read More

August 11, 2026 @ 4:24 pm By Omar Faridi  |  

Erebor Bank, a Columbus, Ohio-based digital bank that targets high-net-worth individuals and startups, may soon receive a $1.5 billion investment, according to reports. The anticipated round would place the bank’s pre-money valuation is expected to be $8 billion. The funding is reportedly about 2X the… Read More

August 11, 2026 @ 7:53 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has rejected an application from Amsterdam-based digital bank Bunq to establish a new national bank in the United States. In a decision letter dated August 4, 2026, and made public shortly thereafter, the regulator determined that… Read More

August 11, 2026 @ 6:42 am By Omar Faridi  |  

Revolut has secured a regulatory milestone for its French subsidiary, Revolut Bank S.A., by obtaining authorization to operate as a bank. The approval followed a review conducted by France’s Autorité de Contrôle Prudentiel et de Résolution and the European Central Bank. The Fintech already counts… Read More

August 8, 2026 @ 11:25 am By Omar Faridi  |  

The Federal Deposit Insurance Corporation (FDIC) is advancing plans to create an independent organization dedicated to developing and applying uniform benchmarks for third-party vendors that supply services to banks. Working alongside banking and financial technology industry groups, the agency aims to establish a body that… Read More

August 7, 2026 @ 1:22 pm By JD Alois  |  

X Money is finally live and in the wild as the social media based Fintech is now offering services to US premium customers with expanded rollout anticipated to take place over time. Current offerings include “industry leading” APY of 6% on deposits, 3% cash back… Read More

August 7, 2026 @ 11:08 am By Omar Faridi  |  

Belize Bank Limited, which is reportedly one of the country’s oldest and largest financial institution, has entered a six-year collaboration with Dutch fintech firm Backbase. The agreement centers on deploying Backbase’s AI-native Banking OS to overhaul digital services for both retail and business customers. Officials… Read More

August 7, 2026 @ 11:05 am By Omar Faridi  |  

FIS (NYSE: FIS), a global provider of financial technology solutions, has introduced its Digital One Commercial platform in the Asia-Pacific (APAC) region. This move finalizes the solution’s worldwide availability, extending it to financial institutions in the United States, Europe, the Middle East and Africa (EMEA),… Read More

August 6, 2026 @ 10:14 am By JD Alois  |  

Nayax (NASDAQ:NYAX) has applied for a bank charter in the state of Connecticut. Nayax is a Fintech that was founded in Israel nearly two decades ago. The company is regulated in multiple jurisdictions including the UK and the EU. The company has focused on payments… Read More

August 6, 2026 @ 3:16 am By Omar Faridi  |  

Global wealth management technology provider FNZ Group has signed an agreement to sell its German banking subsidiary, FNZ Bank SE, along with its sister company Deutsche Haftungsdach (DHD) GmbH. The buyers are private equity firm Advent International and a consortium that includes HarbourVest Partners. The… Read More

August 5, 2026 @ 10:29 am By JD Alois  |  

In a challenging market for the world’s most popular crypto, Xapo Bank reports that its clients are buying more Bitcoin. According to a note from the bank, data from Q2 2026 (79%) shows an increase in the amount of Bitcoin held in accounts during the… Read More