Tagged: banking

March 31, 2026 @ 4:07 pm By JD Alois  |  

Cross River has received $50 million in new equity capital from existing investors. While the funding terms were not disclosed by the Fintech, it has been reported that Cross River was valued at $3 billion. Cross River reported that certain existing Cross River investors, accounts… Read More

March 31, 2026 @ 2:28 am By Tony Zerucha  |  

Warning signs of a gradual decline in key customer engagement metrics are starting to flash for retail banks, according to the JD Power 2026 U.S. Retail Banking Satisfaction Study, as customers increasingly open deposit accounts with multiple institutions. “Retail banks are confronting an incredibly complex,… Read More

March 30, 2026 @ 9:45 pm By Omar Faridi  |  

Valt has achieved conditional approval for a national banking charter from the Office of the Comptroller of the Currency (OCC). The purely online business banking provider, helmed by a leadership team drawn from former US Bank executives, stands on the threshold of operating as a… Read More

March 30, 2026 @ 3:32 pm By JD Alois  |  

The Blockchain Leadership Fund (BLF) is a new Political  Action Committee (PAC) that aims to advance digital asset policy, just as legacy banks are holding up the CLARITY Act due to fears of new competition from blockchain firms. The CLARITY Act, or crypto market infrastructure legislation, is… Read More

March 30, 2026 @ 8:16 am By Omar Faridi  |  

In a move to safeguard consumers’ access to financial services, Federal Trade Commission (FTC) Chairman Andrew N. Ferguson has dispatched formal warning letters to the chief executives of PayPal (NASDAQ: PYPL), Stripe, Visa (NYSE: V), and Mastercard (NYSE: MA). Issued on March 26, 2026, the notices highlight growing worries over reports that these… Read More

March 30, 2026 @ 1:02 am By Omar Faridi  |  

UK’s digital bank Monzo has announced a significant achievement by surpassing the 15 million customer mark. This latest milestone underscores the rapid expansion of the challenger bank, which continues to attract users from diverse age groups and financial backgrounds while positioning itself as a comprehensive solution… Read More

March 26, 2026 @ 11:27 am By JD Alois  |  

Legacy banks have slammed the brakes on the CLARITY Act, crypto market infrastructure legislation, which is poised to enable the United States to lead the world in digital asset innovation. The big roadblock remains the ability for stablecoin holders to earn yield. As payment stablecoins,… Read More

March 25, 2026 @ 4:50 pm By Omar Faridi  |  

Robinhood Markets (NASDAQ: HOOD) continues to blur the lines between investing apps and full-scale banking platforms. The company has rolled out several features recently, including its premium Gold Card and expanded banking options that promise attractive returns on everyday cash holdings. These moves signal a… Read More

March 24, 2026 @ 6:30 pm By JD Alois  |  

The banks are at it again. Instead of competing on a level playing field with digital asset firms, they want to put their hand on the regulatory scale to ensure they maintain a moat that helps them, but not consumers. Spewing FUD regarding deposit flight,… Read More

March 22, 2026 @ 9:36 am By Omar Faridi  |  

In a recent milestone for digital payments, bank payment provider GoCardless has revealed that more than one-third of its customers are now using open banking options through its platform. This surge is accelerating the adoption of “Pay by Bank” solutions across the UK economy and… Read More

March 21, 2026 @ 12:17 pm By Omar Faridi  |  

Cybersecurity researchers at Kaspersky’s Global Research and Analysis Team (GReAT) have spotlighted a highly evolved banking Trojan named GoPix in a detailed disclosure released on March 16, 2026. Active for more than three years and monitored closely since 2023, this Brazilian-origin threat has already triggered… Read More

March 19, 2026 @ 11:05 am By JD Alois  |  

GoTyme Bank (formerly TymeBank) says it has now topped 12 million customers since its launch in 2019. GoTyme is a “phygital” challenger bank operating across multiple markets (Philippines, Hong Kong, Indonesia, Vietnam, and Singapore). GoTyme leverages BPC’s services to provide banking and other Fintech services…. Read More

March 19, 2026 @ 8:53 am By Omar Faridi  |  

UK’s digital bank Zopa has announced its third successive year of profitability. The milestone highlights the lender’s impressive growth trajectory since securing its full banking license in 2020 and scaling into a comprehensive financial services provider. For the financial year ending 31 December 2025, Zopa… Read More

March 17, 2026 @ 9:10 am By Omar Faridi  |  

UK Finance shared that Britain’s banking industry is undergoing a quiet but significant transformation, with fresh momentum in customer pricing strategies and international payment systems. Recent analyses from leading trade body UK Finance spotlight two forward-looking trends that promise better value for consumers and stronger… Read More

March 16, 2026 @ 11:26 am By JD Alois  |  

Earlier this month, it was reported that Lloyds has a mission to become the UK’s largest Fintech by leveraging customer data and automating compliance. In the FT, Chief Operating Officer Ron van Kemenade said this goal is part of a broader tech overhaul to cut… Read More

March 15, 2026 @ 6:32 pm By Omar Faridi  |  

In a significant setback for some of the participants in the cryptocurrency banking sector, a federal appeals court has rejected Custodia Bank‘s final effort to secure direct ties to the US Federal Reserve‘s payment network. The decision, handed down by the 10th Circuit Court of… Read More

March 14, 2026 @ 12:48 pm By Omar Faridi  |  

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has joined a syndicate of banks and financial institutions to provide a €134.5 million secured credit facility to BolognaFiere S.p.A. The company, listed on the Professional segment of Euronext Growth Milan, stands as a global enabler of … Read More

March 13, 2026 @ 10:07 am By Omar Faridi  |  

Upstart Holdings, Inc. (NASDAQ:UPST), the creator of an artificial intelligence lending marketplace traded on NASDAQ under the ticker UPST, has revealed its intention to seek a national bank charter. The move, disclosed March 10, involves establishing Upstart Bank, N.A., as a federally insured institution, pending clearances… Read More

March 12, 2026 @ 11:39 pm By Omar Faridi  |  

Digital bank Revolut has reached a transformative milestone in the British market by activating its dedicated UK banking license. Following a successful preparatory phase, the Prudential Regulation Authority has removed all restrictions, allowing Revolut Bank UK Ltd to begin operating as a fully authorized bank…. Read More

March 11, 2026 @ 4:03 pm By Omar Faridi  |  

Anchorage Digital, the operator of federally chartered digital assets focused bank, has officially announced its role in supporting the upcoming token generation event (TGE) for Pharos Network. The collaboration begins at the very moment of token creation, marking a significant step for institutional involvement in… Read More