Tagged: banking

May 16, 2026 @ 4:51 pm By Michael Wong  |  

Los Angeles-headquartered fintech Fasset said it raised $51 million in a Series B funding round backed by SBI Group, Investcorp, Arz Portföy, and strategic family offices. The round comes as the company looks to expand stablecoin-powered banking and cross-border payment services across emerging markets, according… Read More

May 15, 2026 @ 2:55 am By Omar Faridi  |  

Amsterdam-based digital banking provider bunq has taken a significant stride toward international growth by filing for a comprehensive banking license in Mexico. The application, lodged with the Comisión Nacional Bancaria y de Valores (CNBV) in partnership with the central bank Banxico, seeks approval for an… Read More

May 13, 2026 @ 1:50 pm By JD Alois  |  

With debate still raging as legacy banks and left-wing policy advocates line up to challenge the CLARITY Act, the legislation is on track for a markup hearing at the Senate Banking Committee tomorrow (Thursday, May 14, 20226). While some in the opposition offer foolish justifications… Read More

May 12, 2026 @ 12:20 am By Omar Faridi  |  

Germany’s second-largest lender, Commerzbank, has announced a significant workforce reduction of up to 3,000 positions as it accelerates efforts to strengthen its financial performance and maintain its independence amid mounting pressure from an Italian rival. The move forms part of a broader overhaul designed to… Read More

May 11, 2026 @ 5:21 pm By JD Alois  |  

While the CLARITY Act appears to be on track for a markup hearing before the Senate Banking Committee this Thursday, banking industry representatives continue to complain about the stablecoin yield compromise recently hashed out by various policymakers. In a joint statement last week, banking associations and… Read More

May 11, 2026 @ 10:57 am By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM) is stepping up its game in the race for younger customers by unveiling a series of targeted improvements designed specifically for people just starting their financial lives. The banking giant is focusing on the roughly 30 million young adults across the country… Read More

May 9, 2026 @ 12:42 pm By JD Alois  |  

After an extensive delay due to banking industry representatives who fear a decline in revenue if stablecoin holders earn yild on the holdings, the Digital Asset Market CLARITY Act of 2025 is now scheduled for a Senate Banking Committee hearing for this coming Thursday, May… Read More

May 6, 2026 @ 3:48 pm By JD Alois  |  

The global financial landscape is evolving at a pace unseen in previous years, propelled by the adoption of new technologies and rapid innovation. Globally, Brazil, Singapore, India and the UK are leading this transformation with innovations in real-time payment systems, digital banking tools and open… Read More

May 5, 2026 @ 1:55 pm By JD Alois  |  

Legacy banks continue to complain about the possibility of stablecoin yield or rewards included in the CLARITY Act. While banks use fear, uncertainty, and doubt to warn that they will not be able to lend money to consumers and businesses if stablecoin holders earn yield,… Read More

May 5, 2026 @ 1:41 pm By Omar Faridi  |  

Canada’s largest banks are advancing negotiations to offload their long-standing payments processing partnership. The Royal Bank of Canada and the Bank of Montreal are reportedly engaged in advanced discussions to transfer ownership of their jointly held enterprise, Moneris, to the U.S. private equity firm Francisco… Read More

May 5, 2026 @ 11:13 am By JD Alois  |  

Anthropic has announced dedicated AI agents for the financial services sector. The company stated that it can now automate time-consuming tasks such as building pitchbooks, writing credit memos, screening KYC files, and closing the books at month-end. These services are being sold as individual plugins… Read More

May 5, 2026 @ 8:45 am By JD Alois  |  

The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America issued a shared comment on the language regarding the compromise on stablecoin yield. This is the single biggest hurdle for the passage of the CLARITY Act, crypto… Read More

April 30, 2026 @ 10:12 am By JD Alois  |  

Mercury Bank has received conditional approval for a national bank charter by the Office of the Comptroller of the Currency. In a public statement,  Immad Akhund, co-founder and CEO of Mercury, said they applied for a bank charter as founders need a bank that is… Read More

April 30, 2026 @ 8:57 am By Omar Faridi  |  

Nubank (NYSE: NU), Latin America’s digital financial services platform, has unveiled plans to pour approximately R$45 billion (around US$8.2 billion) into Brazil throughout 2026. This significant commitment nearly doubles the company’s investment levels from two years ago and underscores its deep-rooted confidence in the Brazilian economy… Read More

April 30, 2026 @ 7:57 am By Omar Faridi  |  

European digital bank bunq has joined forces with Dutch Bitcoin platform Blockrise to deliver protected Bitcoin services to customers through a Banking-as-a-Service (BaaS) solution. Announced on 29 April 2026 in Amsterdam, the alliance marks a significant step in blending traditional banking safeguards with cryptocurrency accessibility,… Read More

April 28, 2026 @ 8:34 pm By JD Alois  |  

The Independent Community Bankers of America (ICBA) says consumers worry that digital assets will harm community banks. ICBA President and CEO Rebeca Romero Rainey says their polling proves that Americans “strongly support community bank views amid the ongoing debate over digital assets market structure.” Rainey… Read More

April 26, 2026 @ 6:54 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) has delivered a strongly optimistic assessment of global capital markets, asserting that the current earnings expansion remains firmly on track even as geopolitical tensions dominate the news cycle. According to the bank’s latest analysis, corporate profits continue their upward trajectory… Read More

April 22, 2026 @ 8:01 am By Omar Faridi  |  

Eiendomskreditt has chosen Knowit and Mambu as strategic partners to replace its existing core banking platform. The collaboration will deliver a modern, cloud-native system designed to enhance operational efficiency, scalability, and customer-centric services for one of the country’s specialized property credit institutions. Eiendomskreditt, which focuses… Read More

April 21, 2026 @ 12:37 pm By JD Alois  |  

LendingClub Bank (NYSE:LC) has rebranded as Happen Bank. The onetime marketplace lending platform said the new name marked a “significant milestone” in its existence as a digital bank. The label will roll out this summer. LendingClub CEO Scott Sanborn explained that the LendingClub label no… Read More

April 21, 2026 @ 8:25 am By Omar Faridi  |  

Piraeus Bank, Greece’s largest financial institution, has joined forces with global technology enabler Accenture (NYSE: ACN) to unveil a new AI Hub dedicated to enhancing banking operations across the country. Powered by Anthropic’s advanced AI models, the initiative marks a major escalation in their longstanding… Read More