Tagged: banking

October 23, 2026 @ 9:23 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI), the digital financial services company operating as an all-in-one app, announced on October 22, 2026, the debut of SoFi Earn, or SOFIE. The firm describes it as the first tokenized deposit made available to consumers by a nationally chartered U.S. bank…. Read More

October 21, 2026 @ 10:31 am By Omar Faridi  |  

Evidence continues to mount on both sides of the Atlantic that banks are limiting services available to cryptocurrency users. A newly released report from Stand With Crypto UK, titled Blocked: Britain’s Crypto Access Problem, details the scale of difficulties faced by customers in the United… Read More

October 17, 2026 @ 10:44 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has unveiled a new infrastructure offering designed to blend conventional financial tools with digital assets. On October 15, 2026, the company, together with BVNK, introduced the Mastercard Global Money Platform. This marks the first significant product combination following Mastercard’s acquisition of the… Read More

October 16, 2026 @ 12:18 pm By JD Alois  |  

Global Fintech funding remains robust, according to a report distributed by S&P Global Market Intelligence. According to S&P, Fintech startups raised $10.51 billion across 372 rounds Year over year during the same quarter; while there were fewer deals, total capital raised rose 25%, with 406… Read More

October 16, 2026 @ 2:29 am By Omar Faridi  |  

Deutsche Bank (NYSE: DB) recently lifted its rating on Chime Financial (NASDAQ: CHYM) from Hold to Buy and raised its price target from $30 to $35. The move, announced in early October 2026, came after the fintech reported solid second-quarter results and reflected confidence that… Read More

October 15, 2026 @ 9:12 am By JD Alois  |  

Citi (NYSE:C) said during its recent Q3 earnings call that tokenization is the part of its business it’s most excited about. During the call on Tuesday, Jane Fraser, Citi Chair and Chief Executive Officer, described the benefits of incorporating blockchain technology, explaining that it is… Read More

October 15, 2026 @ 6:15 am By Omar Faridi  |  

JPMorgan Chase (NYSE: JPM), which remains the largest US bank by assets, has moved to block outside artificial intelligence agents from gaining direct operational access to customer bank accounts. Chief Executive Jamie Dimon outlined the position during the bank’s third-quarter earnings discussion on October 13, 2026,… Read More

October 15, 2026 @ 12:24 am By Omar Faridi  |  

United Overseas Bank (UOB) (SGX: U11) and Amazon Web Services (AWS) have entered a memorandum of understanding to jointly examine cloud and artificial intelligence technologies aimed at strengthening the Singapore-based lender’s operations across Southeast Asia. Announced in Singapore on 9 October 2026, the multi-year collaboration… Read More

October 13, 2026 @ 10:56 pm By Omar Faridi  |  

South Korea’s digital asset sector is seeing two contrasting developments in quick succession. On one side, a regulated bank has launched the country’s first won-denominated loans secured by bitcoin for corporate borrowers. On the other, financial authorities have expanded restrictions on unregistered virtual asset service… Read More

October 13, 2026 @ 10:11 pm By JD Alois  |  

X Money, the Fintech arm of social media platform X, is currently promoting its services, providing up to 3% cash back on purchases and up to 6%  APY on “balances in qualifying US states.” X Money is currently available in 41 U.S. states and Washington… Read More

October 13, 2026 @ 9:38 pm By Omar Faridi  |  

San Francisco-based fintech Upgrade has moved to secure its own banking platform by filing applications for a Nevada industrial loan company charter. The Fintech-focused company submitted the paperwork on October 12, 2026, to both the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation, seeking… Read More

October 13, 2026 @ 1:43 pm By JD Alois  |  

Cross River is planning for the future, having announced the appointment of a new President, effective October 1, 2026. According to a release, former Lazard Asset Management CEO Evan L. Russo, a current Cross River board member (since April), has stepped into the role and… Read More

October 11, 2026 @ 11:00 am By Michael Wong  |  

Banks and other financial institutions are increasingly looking to external providers to upgrade their wealth management and brokerage services, as legacy technology and rising competition complicate efforts to modernise, according to a study commissioned by Saxo. Half of 332 senior decision-makers surveyed across Europe, the… Read More

October 8, 2026 @ 7:03 am By Omar Faridi  |  

HSBC (NYSE: HSBC) is preparing substantial staff reductions inside its British wealth management operations, according to reports that first appeared in the FT on 7 October 2026. The changes form part of a wider effort to embed artificial intelligence more deeply into how the bank… Read More

October 6, 2026 @ 10:15 am By JD Alois  |  

Erebor Bank, a Columbus, Ohio-based digital bank, reportedly now holds $7 billion in deposits. This is according to a report by the FT. Erebor was approved for a bank charter in February of this year. According to public filings, Erebor held $4.65 billion in total… Read More

October 6, 2026 @ 7:38 am By Omar Faridi  |  

Community bankers have taken the Office of the Comptroller of the Currency (OCC) to federal court, arguing that the agency has stretched its chartering power to let cryptocurrency firms enter the banking system under a lighter set of rules than traditional lenders face. On October… Read More

October 4, 2026 @ 9:33 pm By Omar Faridi  |  

BNY (NYSE: BNY), one of the largest custody and asset-servicing banks in the world, is holding private discussions with Payward, the Wyoming-based parent of the cryptocurrency exchange Kraken, about a possible collaboration centered on market infrastructure, according to people familiar with the matter. The conversations… Read More

October 4, 2026 @ 1:20 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) is building research into the access layer of its digital-asset franchise, treating analysis of decentralized finance as infrastructure rather than a side commentary on Bitcoin. This year, the banking institution has placed a dedicated digital assets research desk beside ETF access… Read More

October 2, 2026 @ 12:18 am By Omar Faridi  |  

ABN AMRO Bank (ABN.AS) and Infosys (NYSE: INFY) have agreed to extend their long-running technology partnership, with a sharper focus on simplifying the Dutch lender’s IT environment and spreading artificial intelligence more widely across the organization. The announcement, issued on 30 September 2026, frames the… Read More

October 1, 2026 @ 12:51 pm By JD Alois  |  

ZA Bank is one of the first approved digital banks in Hong Kong. This week, the company reported “sustained profitability.” According to a release, for the 6 months ending in June, the bank generated a net profit of HKD 70.6 million (~USD 9million), an increase… Read More