Tagged: banking

September 9, 2026 @ 12:54 am By Omar Faridi  |  

A SWIFT service provider has teamed up with Chainlink in a move designed to give hundreds of banks a simpler path onto blockchain networks. Bottomline, frequently described as one of the three largest firms that help institutions use the Swift messaging system, entered a strategic… Read More

September 2, 2026 @ 3:00 pm By Omar Faridi  |  

Jack Henry & Associates (Nasdaq: JKHY), a US financial technology firm that supplies core banking platforms and related services to more than 7,200 banks and credit unions, has disclosed a cybersecurity incident that began with a voice-phishing scheme. The company said the event was confined to… Read More

September 2, 2026 @ 10:46 am By JD Alois  |  

TabaPay, a platform that provides a single point of management for money movement for banks and Fintechs, says it intends to acquire Denver-based Transact Bank, a federally chartered entity. At the same time, TabaPay has received a $155 million investement from FTV Capital a growth… Read More

September 1, 2026 @ 11:46 am By JD Alois  |  

Republic Europe has announced an opportunity to own shares in Mercury, a San Francisco-based neobank, through a secondary offering listed on its platform. Secondaries, or issued shares in private firms, have become an important revenue generator for securities crowdfunding platforms. Shares of more mature private… Read More

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