Tagged: banking

June 25, 2026 @ 7:20 am By Omar Faridi  |  

Atom Bank, one of the UK’s digital banks that aims to enhance user experience, has deployed Flowable’s process automation technology to overhaul its commercial lending operations. The move represents a strategic push to deliver faster, more efficient, and highly scalable services in the competitive commercial… Read More

June 24, 2026 @ 9:30 am By Omar Faridi  |  

Backbase has acquired Kasisto, a firm specializing in agentic artificial intelligence tailored for banking and financial services, marking a significant step forward in the evolution toward intelligent, action-oriented banking systems. Announced recently this month, the move integrates Kasisto’s advanced agentic platform, specialized financial expertise, and… Read More

June 24, 2026 @ 8:23 am By Omar Faridi  |  

Chainlink has joined forces with banking consortia from Europe and South Korea to launch Project Pangea. The initiative seeks to enable near-instantaneous settlement of euro-to-South Korean won foreign exchange transactions using regulated stablecoins, replacing the traditional multi-day delays that currently characterize much of the global… Read More

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

Telcoin Digital Asset Bank has introduced regulated on-chain bank accounts for users in the United States. Launched on June 23, 2026, through the latest version of the Telcoin Wallet, this offering marks the first time U.S. consumers can open a bank account directly tied to… Read More

June 24, 2026 @ 2:37 am By Omar Faridi  |  

In Washington this week, Senators Pete Ricketts of Nebraska and Catherine Cortez Masto of Nevada advanced a bipartisan effort to better understand and potentially improve how smaller banks and credit unions work with financial technology companies. On June 18, 2026, the lawmakers introduced the Bank-Fintech… Read More

June 23, 2026 @ 10:34 pm By Omar Faridi  |  

Two of Austria’s largest banking groups have become shareholders in the European Payments Initiative (EPI). The move will bring the Wero digital wallet — a secure, instant account-to-account (A2A) payment solution — to customers in Austria, significantly broadening its geographic reach. The announcement, issued on… Read More

June 22, 2026 @ 3:11 pm By JD Alois  |  

Anchorage Digital, a federally chartered US Bank, says it will now support tokenized deposits for regulated banks. Anchorage states that the service does not require an upgrade to a banks existing tech stack but will provide 24/7 transfers and payments allowing banks to better compete… Read More

June 22, 2026 @ 2:53 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN) has taken a major step forward in its data and AI-first transformation by making artificial intelligence tools available to every one of its roughly 185,000 employees worldwide. The move, effective immediately, significantly expands access from the nearly 40,000 staff members who… Read More

June 19, 2026 @ 12:16 am By Omar Faridi  |  

A recent BIS working paper explores how the rise of online banking and social media platforms is transforming how US banks set deposit rates and respond to monetary policy shifts. Authored by Michael Brei, Giulio Cornelli, Leonardo Gambacorta, and Boris Hofmann, the study draws on… Read More

June 18, 2026 @ 9:21 am By JD Alois  |  

Puerto Rico-based FV Bank has distributed an update on its digital banking services. FV Bank is a regulated US digital bank and financial infrastructure platform headquartered in San Juan. The company aims to combine traditional regulated banking services alongside modern offerings. Today, the bank reports… Read More

June 7, 2026 @ 3:58 pm By Michael Wong  |  

Bangladesh-based AB Bank PLC has launched the pilot phase of a new digital lending platform that uses artificial intelligence to automate loan approvals and disbursements, underscoring the growing adoption of AI-powered financial services across emerging markets. The bank said its new service, called “AB e-Loan,”… Read More

June 5, 2026 @ 11:22 pm By Omar Faridi  |  

UK-based digital banking provider Monzo is preparing to enter the mobile telecommunications sector with the introduction of its own phone service later this year. The move from the UK headquartered digital bank now represents a strategic effort to deepen overall customer engagement as well as… Read More

June 5, 2026 @ 4:49 pm By JD Alois  |  

Revolut is predicted to gain a federal bank charter in the US  in the coming months, with a launch next year. Reuters notes that Revolut will offer FDIC-insured accounts and the full stack of digital banking services. Add to this, services like stablecoins, and probably… Read More

June 5, 2026 @ 1:18 am By Omar Faridi  |  

Westpac has indicated that Australian consumers are now said to be integrating artificial intelligence into their daily lives. This, according to insights from the researchers at Westpac. The most recent data from the bank’s card transactions shows a considerable surge in paid AI subscriptions, signaling… Read More

June 3, 2026 @ 3:49 pm By JD Alois  |  

Community banks are navigating a rapidly changing financial landscape shaped by AI, data, and evolving customer expectations. Join EY and Fintech Sandbox on June 22 for an evening of conversation exploring how banks, startups, and investors are working together to drive meaningful innovation while maintaining… Read More

June 3, 2026 @ 10:23 am By JD Alois  |  

Bybit EU has agreed to utilize ClearBank Europe’s banking tech stack to support cloud based banking services including digital assets Bybit EU is an Austrian Crypto-Asset Service Provider (CASP) authorized under the Markets in Crypto-Assets Regulation (MiCAR) in Austria. Bybit EU serves customers across the… Read More

June 2, 2026 @ 8:19 am By Omar Faridi  |  

OpenAI has extended access to its cybersecurity-focused artificial intelligence model to several UK based banking institutions. This initiative comes at a time when banks are grappling with evolving risks posed by sophisticated AI tools capable of identifying and exploiting system vulnerabilities. The model in question,… Read More

June 2, 2026 @ 2:12 am By Omar Faridi  |  

Global financial messaging network SWIFT has rolled out a comprehensive new payments scheme tailored specifically for consumer and small business transactions. This initiative, developed in close collaboration with leading banks worldwide, aims to deliver improved levels of speed, overall cost transparency, predictability, and reliability to… Read More

May 28, 2026 @ 1:10 pm By Omar Faridi  |  

McKinsey& Company has recently examined the growth of neobanks and various Fintech challengers. The report from McKinsey spotlights the growth and profitability of neobanking platforms. The latest Global Banking Annual Review from McKinsey & Company draws attention to a clear shift underway in financial services…. Read More

May 28, 2026 @ 6:26 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI), a Fintech firm that has gradually transformed into a more comprehensiv national bank, has taken a significant step in bridging traditional finance and blockchain by making its dollar-backed stablecoin, SoFiUSD, available to nearly 15 million members directly inside its standard mobile… Read More