Tagged: banking

August 5, 2026 @ 9:06 am By Omar Faridi  |  

Wells Fargo (NYSE: WFC) is preparing to introduce tokenized deposits for its corporate and commercial customers later this year, marking another major bank’s move into blockchain technology for payments and settlements. The initiative aims to modernize how businesses handle funds while remaining firmly within the… Read More

August 4, 2026 @ 9:27 pm By Omar Faridi  |  

A unit of one of Southeast Asia’s largest technology groups is exploring the development of a broader regional digital banking network, with Singapore serving as its operational and strategic base. MariBank, the digital banking arm of Sea Limited, is positioning the city-state as a launchpad… Read More

August 4, 2026 @ 1:33 am By Omar Faridi  |  

Spanish banking group BBVA (NYSE: BBVA) has entered into an agreement with French counterpart Société Générale to purchase the latter’s 50 percent holding in their longstanding brokerage joint venture, Altura Markets. The transaction will bring the Madrid-based firm fully under BBVA’s ownership and fold it… Read More

August 3, 2026 @ 2:39 pm By Omar Faridi  |  

Quantum computing is moving steadily toward becoming a practical commercial technology rather than remaining primarily a research endeavor, according to recent comments from IBM’s (NYSE:IBM) top executive. The company’s chief executive indicated that the field is nearing a point where it will begin delivering tangible… Read More

August 2, 2026 @ 3:03 pm By Omar Faridi  |  

Circle Internet Group (NYSE: CRCL), the company issuing the widely adopted USDC stablecoin, has taken another significant step in strengthening its regulatory standing. On July 31, 2026, the firm announced that the New York Department of Financial Services (NYDFS) granted a limited purpose trust charter to its… Read More

August 1, 2026 @ 6:55 pm By Michael Wong  |  

TBC Bank Group said its acquisition of OLX Uzbekistan is a long-term strategic investment that will help expand its digital ecosystem beyond banking while opening the door to future embedded finance offerings on one of the country’s largest online marketplaces. The comments came in an… Read More

July 30, 2026 @ 10:35 am By JD Alois  |  

The banking industry continues to pound away at the CLARITY Act, the crypto infrastructure legislation that will set the path for the US to dominate the global digital asset industry. The banking industry’s opposition to the bill is based on FUD. There is a simple… Read More

July 29, 2026 @ 10:17 am By JD Alois  |  

InvestiFi, a Fintech serving credit unions and community banks, has raised $20 million in growth capital. The funding round was led by Vibe Credit Union. Other investors include BankTech Ventures, various other credit unions, and more. The terms of the deal were not made available…. Read More

July 28, 2026 @ 10:44 pm By Omar Faridi  |  

Customers of several major UK high street banks faced disruptions to digital banking services on Monday, with widespread reports of difficulties completing online transfers and payments. Account holders at institutions including Lloyds Banking Group brands and Barclays encountered problems that began emerging around midday, according… Read More

July 27, 2026 @ 3:26 pm By JD Alois  |  

Cross River Bank will power X Money, part of the Elon Musk social media platform X. X has long held Fintech ambitions, aiming to become an “everything App.” X has emerged as the world’s community forum, offering global news and perspectives unfettered by opinion, where… Read More

July 24, 2026 @ 3:52 pm By Omar Faridi  |  

Swiss cantonal lender BancaStato has expanded its product range by introducing regulated cryptocurrency trading for its customers, powered by digital asset specialist Sygnum and core banking technology provider Avaloq. The collaboration allows account holders to purchase, retain, and dispose of Bitcoin, Ethereum, Litecoin, and Solana… Read More

July 24, 2026 @ 8:47 am By Omar Faridi  |  

Boerse Stuttgart Digital has taken a significant step in expanding its regulated digital asset offerings by integrating a euro-denominated stablecoin issued by a European banking group. The platform, recognized as a key infrastructure provider for institutional crypto services across Europe, has onboarded EUR CoinVertible from… Read More

July 21, 2026 @ 9:55 am By JD Alois  |  

“Global dollar bank” Augustus has raised $180 million at a $1 billion valuation, according to a release. The Series B funding round was led by Tiger Global. Other investors include Hummingbird, QED, and the founders of Nubank, Ramp, Circle, and Deel. Augustus’ management team includes… Read More

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

Digital banking provider Revolut has taken a significant step forward in its global expansion by officially establishing Revolut Bank Australia. This development follows the granting of an unrestricted Authorised Deposit-taking Institution (ADI) licence by the Australian Prudential Regulation Authority (APRA), representing the company’s first full… Read More

July 20, 2026 @ 11:05 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global financial technology provider, and Anthropic, an AI safety and research focused company, have announced the expansion of their strategic partnership. This development focuses on integrating sophisticated agentic artificial intelligence into core banking functions, with an initial emphasis on combating financial… Read More

July 20, 2026 @ 10:03 pm By Omar Faridi  |  

Clients of Lumin Digital have poured more than $75 million into the company, underscoring their strong belief in its future as a key player in cloud-based banking technology. This client-led investment highlights a distinctive model where financial institutions not only use the platform but also… Read More

July 18, 2026 @ 11:30 am By Omar Faridi  |  

Gate US has formed a key partnership with SoFi (NASDAQ: SOFI), a nationally chartered banking institution. This collaboration positions SoFi as a vital infrastructure partner, enhancing Gate US’s capabilities to deliver secure, efficient, and regulation-compliant financial services to US based users. The partnership underscores Gate US’s… Read More

July 16, 2026 @ 8:17 am By Omar Faridi  |  

The Fintech division of Brazil’s digital bank Inter has announced the introduction of its innovative contactless payment wearables to customers in the United States. This expansion brings stylish, convenient payment solutions—specifically designed rings and wristbands—directly to the US market, allowing users to make seamless transactions… Read More

July 10, 2026 @ 9:50 am By JD Alois  |  

Stablecoin issuer Circle (NYSE:CRCL) has shared that the Office of the Comptroller of the Currency (OCC) has granted final approval to operate the First National Digital Currency Bank. The bank is a national trust entity. Circle submitted an application to the OCC on June 30,… Read More

July 9, 2026 @ 8:27 am By Omar Faridi  |  

On June 25, 2026, Jet Bank officially began operations and released its mobile application, becoming Albania’s first fully digital-only bank. Licensed and supervised by the Bank of Albania, the institution was built from the ground up on Backbase’s AI-native Banking OS, marking a notable step… Read More