Tagged: banking

September 27, 2026 @ 11:29 am By Omar Faridi  |  

Canada’s lenders have recently launched a joint effort to study a Canadian-dollar tokenized deposit system, aiming to keep the country’s payments rails competitive as digital money develops worldwide. On September 22, 2026, Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank,… Read More

September 25, 2026 @ 10:28 am By JD Alois  |  

SoFi Bank (NASDAQ:SOFI) is now live in settling transactions across the Mastercard network using its in-house stablecoin, SoFiUSD. SoFi Bank claims to be the first national bank to do so. It has been estimated that by migrating its entire debt/credit card services to stablecoins, this… Read More

September 25, 2026 @ 9:03 am By Omar Faridi  |  

Digital bank Revolut has become entangled in another customer-data scare after a security incident at US brokerage partner DriveWealth. The event is separate from an earlier September episode at Revolut itself. This time, the exposure occurred on DriveWealth’s systems, not inside Revolut’s own infrastructure. DriveWealth… Read More

September 23, 2026 @ 7:24 am By Omar Faridi  |  

South Korea’s Hana Bank has completed a $100 million foreign-currency digital bond on Euroclear’s distributed ledger platform, compressing a process that usually stretches across several business days into a same-day settlement. The five-year note was placed on Friday through Euroclear’s Digital Financial Market Infrastructure, or… Read More

September 21, 2026 @ 5:21 pm By Omar Faridi  |  

Bastion Platforms has taken a step toward federal banking oversight after the Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for the conversion of its New York state trust company into a national trust bank. The decision, issued on September 18, 2026,… Read More

September 18, 2026 @ 12:52 pm By JD Alois  |  

While some see crypto and digital asset services as a negative for traditional finance, more specifically, smaller firms, the reality is quite different. All forms of finance will enter the digital age including digital assets like tokenized securities, stablecoins and other assets. This week, Coinbase… Read More

September 17, 2026 @ 11:36 am By JD Alois  |  

Nik Storonsky, CEO and co-founder of digital bank Revolut, was in France this week after receiving approval for a French banking license. Speaking with Les Echos, the country’s leading financial publication, Storonsky said Revolut may dual-list its shares on Nasdaq and the London Stock Exchange… Read More

September 17, 2026 @ 8:33 am By Omar Faridi  |  

Danske Bank has rolled out a new wealth advisory offering that pairs its own investment specialists with BlackRock’s (NYSE: BLK) Aladdin Wealth technology. The service, branded Butterfly, went live for the bank’s private banking clients on 9 September 2026 and is described by the lender… Read More

September 17, 2026 @ 7:33 am By Omar Faridi  |  

UK’s financial regulator has given digital-asset businesses a clearer map of what will count as a regulated activity under the country’s incoming crypto framework. The Financial Conduct Authority (FCA) has published perimeter guidance explaining which firms will need full authorisation once the new regime takes… Read More

September 16, 2026 @ 4:11 pm By Omar Faridi  |  

Enova International (NYSE:ENVA) has stepped away from its planned purchase of Grasshopper Bancorp, withdrawing the regulatory filings needed to complete the transaction. The Chicago-based online lender said on September 14 that it had pulled applications submitted to the Office of the Comptroller of the Currency… Read More

September 16, 2026 @ 1:02 pm By JD Alois  |  

Wirex has announced the launch of Wirex One, which is described as a “stablecoin neobank.” The goal is to serve the mass affluent by acting as a private bank. A neobank is typically a digital application that provides services similar to traditional banks, frequently in… Read More

September 16, 2026 @ 11:00 am By Omar Faridi  |  

Russia has begun the first nationwide stage of its digital ruble, a central bank digital currency that now sits alongside cash and ordinary bank money as a third official form of the national currency. The change took effect on 1 September 2026 after years of… Read More

September 15, 2026 @ 10:47 am By JD Alois  |  

FUD, or fear, uncertainty, and doubt, can effectively influence individuals’ hearts and minds. The unknown can lead to risk, and the possibility of something bad happening, even when the probability is low, can drive decisions. FUD is what the banking industry has leveraged to strip… Read More

September 15, 2026 @ 7:49 am By Omar Faridi  |  

Nubank (NYSE:NU), which has become one of Latin America’s largest digital banks, has begun offering deposit accounts and a broader set of everyday banking products to customers in the United States. The company, which operates under the parent name Nu Holdings, said the U.S. rollout started… Read More

September 14, 2026 @ 8:29 am By Tony Zerucha  |  

Plenty of heavy hitters came out of the Labor Day weekend with product releases and partnerships, including Visa, Mastercard, Ant, Nu, and Marqeta. Visa, Mastercard and Ant to develop agent trust framework The trio hopes to build a trust framework that will help agentic commerce… Read More

September 13, 2026 @ 4:34 pm By Omar Faridi  |  

Revolut customers have been told that a subset of their most sensitive records was released after the company treated a fraudulent information demand as a genuine government inquiry. The episode became public on 11–12 September 2026 after affected users received notices and investigators circulated excerpts…. Read More

September 12, 2026 @ 3:48 pm By Omar Faridi  |  

Italian lender UniCredit is evaluating a broader move into digital assets, including tokenized investment products and crypto-related services that could eventually be offered to clients. The discussions remain early and no final choices have been made, according to people familiar with the matter. The Milan-based… Read More

September 9, 2026 @ 3:10 pm By Omar Faridi  |  

Block Inc. (NYSE: XYZ) has taken a notable step toward deeper integration with the U.S. banking system by applying for a specialized federal charter. The payments and financial technology company, led by co-founder Jack Dorsey, disclosed on September 8, 2026, that it submitted a request… Read More

September 9, 2026 @ 11:07 am By JD Alois  |  

Investors are cheering the announcement that Chime, a neobank, has anounced the acquisition of its partner bank, Stride. Chime Financial (NASDAQ: CHYM) agreed to purchase longtime partner Stride Bank in an all-cash transaction valued at $590 million. At the time of writing, Chime shares have moved… Read More

September 9, 2026 @ 8:30 am By Omar Faridi  |  

Chime Financial (NASDAQ: CHYM) has agreed to purchase longtime partner Stride Bank in an all-cash transaction valued at $590 million, a move that would give the fintech its own nationally chartered bank and a more direct path to owning the infrastructure behind its accounts. The… Read More