Tagged: banking

April 8, 2025 @ 8:06 am By Omar Faridi  |  

  The Consumer Financial Protection Bureau’s (CFPB) recent shutdown caused a ripple across the industry and calls into question many regulations, including the status of the October open banking ruling. As the situation continues to evolve, CI caught up with Aaron Byrne, Head of Financial… Read More

April 6, 2025 @ 10:03 pm By Omar Faridi  |  

ClearBank, an enabler of real-time clearing and embedded banking, today announced a new regional partnership with Kraken, one of the world’s digital asset platforms. The extended partnership sees ClearBank provide Kraken’s UK based clients with GBP clearing services “enabling on and off ramps into the digital… Read More

March 31, 2025 @ 10:33 pm By Tony Zerucha  |  

In an uncertain economic environment in which overall consumer financial health, total deposits, annual household income and total investments are declining, retail bank customer satisfaction is on the rise. According to the J.D. Power 2025 U.S. Retail Banking Satisfaction Study, released this week, this counterintuitive improvement… Read More

March 29, 2025 @ 11:05 am By Omar Faridi  |  

CommBank is reportedly establishing a Tech Hub in Seattle, Washington (US), to advance the bank’s technology leadership and delivery of improved customer experiences by equipping teams with the skills needed to stay ahead. CommBank Chief Executive Officer, Matt Comyn said, “As the rate of global… Read More

March 26, 2025 @ 11:16 am By JD Alois  |  

FV Bank says it has added SWIFT to its platform. The code is ITTLPRS2XXX. FV Bank is based in Puerto Rico and licensed to operate in the US. The bank provides a wide range of traditional banking services while supporting the digital asset ecosystem. By… Read More

March 25, 2025 @ 8:04 am By Omar Faridi  |  

Ever faced frustrating wait times with your bank’s customer service or wished for 24/7, personalized financial support? The solution lies in the next innovative wave: Agentic AI. Agentic AI represents a leap in technology—an autonomous system that not only sets goals but also analyzes, decides,… Read More

March 24, 2025 @ 11:15 am By Omar Faridi  |  

Standard Chartered (LON: STAN) announced the launch of its whitepaper titled ‘Frictionless reconciliation and allocation of cash: Can the adoption of ISO 20022 XML turn this dream into reality?’(Opens in a new window). Developed in partnership with Zanders, the whitepaper offers perspectives and seeks to… Read More

March 24, 2025 @ 12:53 am By Omar Faridi  |  

UK’s digital bank Monzo noted that their engineering team has created Monzo Stand-in, which is described as a fully independent backup bank complete with its own data, software, and infrastructure. This system can reportedly become effective / go live instantly during outages, ensuring customers retain… Read More

March 21, 2025 @ 4:17 pm By Omar Faridi  |  

WealthKernel, a digital investing infrastructure provider, announces a new partnership with Round Treasury, a banking and treasury platform that aims to simplify and help businesses manage their treasury and cash. Managing cash flow remains a challenge for founders, as traditional banking solutions are typically “not… Read More

March 21, 2025 @ 11:01 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it will no longer examine its regulated institutions for “reputation risk” and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. These actions reportedly aim to support the OCC’s… Read More

March 20, 2025 @ 10:35 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has joined forces with the Commercial Bank of Dubai (CBD) to train the bank’s employees in the fields of data and AI. As the first bank in the UAE to launch an enterprise-wide data literacy program, CBD says that it is setting… Read More

March 20, 2025 @ 8:45 am By Omar Faridi  |  

Tuum, a core banking provider, has announced a partnership with ​Sumsub​, a global “​full-cycle”​ verification platform. This collaboration empowers banks, fintechs, and financial institutions to streamline customer onboarding, “meet evolving regulatory requirements, and enhance fraud prevention measures—​while​ ​removing​ friction ​from​ the user experience.” As regulatory… Read More

March 18, 2025 @ 10:23 am By JD Alois  |  

Reflecting on its loan growth of 24% year over year, Grasshopper reports it is boosting its executive branch to support the demand. Grasshopper is a federally chartered digital bank that holds FDIC insurance for accounts. Launched in 2019, the bank serves both consumers and small… Read More

March 18, 2025 @ 9:47 am By JD Alois  |  

Gibraltar-based Xapo Bank has announced US dollar-based loans backed by Bitcoin. According to the bank, their customers may access credit of up to $1 million, secured by Bitcoin holders. Terms range from 30 days and up to a year. No penalties for early repayment. By… Read More

March 17, 2025 @ 7:58 am By Omar Faridi  |  

Lunar, the Nordic challenger bank, is reportedly expanding its offering with Lunar Youth, a banking app for younger consumers aged 7-17. This launch strengthens Lunar’s aim to become a full-service bank in the Nordics, providing “a seamless financial experience for families to engage with money… Read More

March 14, 2025 @ 5:25 pm By Omar Faridi  |  

In the fast-evolving yet still nascent ecosystem of web3 and cryptocurrency, stablecoins— virtual currencies pegged to stable assets like the U.S. dollar—have emerged as a cornerstone of the digital finance ecosystem, with a market value reaching $227 billion+ at the time of writing. However, their… Read More

March 14, 2025 @ 3:26 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, banking solutions, announced that Československá obchodní banka (ČSOB), a subsidiary of KBC Bank NV, and one of the top 30 banks in Europe, has chosen the nCino Platform to digitize and streamline its Commercial and SME Lending… Read More

March 14, 2025 @ 10:38 am By Tony Zerucha  |  

Thredd’s Damien Gough said that in today’s economically challenged environment, many Fintechs seeking growth must expand to new countries. However, with every country having unique characteristics, companies cannot simply cut and paste their playbook from one into another. Thredd helps such firms quickly and successfully… Read More

March 13, 2025 @ 7:45 pm By Omar Faridi  |  

TD Bank has reported plans to shutter 37 branches across its East Coast footprint. The branches closed will impact multiple states including much of the east coast including several in Florida. TD Bank reports over 10 million customers and approximately $316 million in total deposits…. Read More

March 11, 2025 @ 11:05 am By JD Alois  |  

ClearBank has selected former CFO Mark Fairless as its new CEO. According to a release, founder and former CEO Charles McManus will continue with the bank as a member of the Board of Directors, helping to guide the firm’s strategy. McManus will also remain as… Read More