Tagged: banking

February 1, 2026 @ 10:24 am By Omar Faridi  |  

Brazilian fintech PicPay (Nasdaq:PICS) controlled by the billionaire Batista brothers—known for their role in the global meatpacking industry through JBS—has gone public on the Nasdaq in New York, achieving a valuation of approximately $2.5 billion. The Fintech company raised $434 million by selling about 22.86… Read More

January 30, 2026 @ 5:45 pm By JD Alois  |  

South America-based digital bank Nubank (Nu)  (NYSE:NU)has received approval for a federal bank charter by the Office of the Comptroller of the Currency. With approval, Nubank will be able to compete on a level playing field with other digital and legacy banks. As is typical,… Read More

January 30, 2026 @ 7:38 am By Omar Faridi  |  

Digital assets focused banking services provider Sygnum has teamed up with Starboard Digital Strategies to secure more than 750 Bitcoin (BTC) in commitments for their joint venture, the Starboard Sygnum BTC Alpha Fund. This capital influx occurred within just the initial four months of the… Read More

January 29, 2026 @ 8:35 pm By Omar Faridi  |  

Jack Henry & Associates (Nasdaq: JKHY) has introduced a transaction enrichment feature on its Banno Digital Platform. This new capability, developed through a strategic collaboration with Bud Financial, is designed to deliver sharper, more precise transaction details to users at community banks and credit unions…. Read More

January 29, 2026 @ 3:21 pm By JD Alois  |  

Digital bank LendingClub (NYSE:LC) reported Q4 and full-year results yesterday, but the solid results were not sufficient to inspire investors as shares cratered following the results. LendingClub reported that net revenue increased 23% to $266.5 million, compared with $217.2 million in the prior year, driven by… Read More

January 29, 2026 @ 10:47 am By JD Alois  |  

Deutsche Bank (NYSE:DB) is being investigated due to allegations of money laundering. According to Reuters, Federal Police raided Deutsche Bank offices in both Berlin and Frankfurt. Apparently, the investigation is due to claims of illicit activity by individuals between 2013 and 2018. This is not… Read More

January 28, 2026 @ 10:29 pm By Omar Faridi  |  

Digital bank Revolut has initiated complete banking activities in Mexico. This development represents the company’s inaugural full-scale banking venture beyond Europe, positioning Mexico as a pivotal entry point for further growth in emerging markets. Announced this month, the launch follows the conclusion of a beta… Read More

January 28, 2026 @ 8:37 am By Omar Faridi  |  

Nordic digital bank Lunar has successfully raised €46 million in new capital. This investment round, announced on January 27, 2026, is set to propel the company’s ambitions in scaling its operations, particularly in business banking and lending services, while strengthening its presence throughout the Nordic… Read More

January 28, 2026 @ 8:09 am By Omar Faridi  |  

Traditional banks are set to ramp up their engagement with digital assets this year, according to a forward-looking analysis from blockchain analytics firm Elliptic. Their 2026 regulatory and policy forecast highlights a pivotal shift where institutions no longer treat cryptocurrencies and blockchain technologies as peripheral… Read More

January 28, 2026 @ 7:13 am By Omar Faridi  |  

Digital banking provider Nubank (NYSE: NU), which focuses on serving consumers in Brazil at the broader LatAm region, announced recently it has exceeded 112 million customers, capturing about 61% of Brazil’s adult population. This surge reportedly positions Nubank as one of the largest private financial institutions… Read More

January 27, 2026 @ 8:51 am By Tony Zerucha  |  

Raisin’s 2026 State of Consumer Banking Report reveals that 65% of Americans have switched banks at least once, and nearly one-third have switched multiple times. The report’s findings highlight a clear evolution in consumer behavior: Americans are increasingly making banking decisions based on tangible benefits,… Read More

January 27, 2026 @ 8:43 am By Omar Faridi  |  

In a move to bolster the UK’s export sector, Lloyds Banking Group has unveiled plans to allocate up to £2 billion in trade finance for small and medium-sized enterprises (SMEs) and mid-sized corporations looking to grow internationally. This initiative, announced on January 26, 2026, aims… Read More

January 25, 2026 @ 8:29 pm By Omar Faridi  |  

French banking provider Société Générale has revealed plans to cut approximately 1,800 jobs across its operations in France as part of a broader strategy to control costs and streamline its organization. The announcement, made on January 22, 2026, comes amid ongoing efforts by CEO Slawomir… Read More

January 22, 2026 @ 8:37 am By JD Alois  |  

The CLARITY Act, crypto market infrastructure legislation, imploded last week after Coinbase (NASDAQ:COIN)  announced it could not support the bill in its current form. Other insiders chimed in, and Senate Banking Committee leadership decided to hit the pause button, regroup, and try to modify the language to be more… Read More

January 20, 2026 @ 1:19 pm By Omar Faridi  |  

Nubank (NYSE: NU) continues to redefine banking by prioritizing customer value through new partnerships in 2026 and tailored digital financial services. As one of Latin America’s digital banks, Nubank has recently unveiled a series of updates that highlight its commitment to financial inclusion, improved user… Read More

January 20, 2026 @ 1:17 pm By Omar Faridi  |  

Digital bank Revolut continues to push boundaries with innovative solutions that enhance user experience and security. With a global user base exceeding 65 million, including 12 million in the UK, the company recently rolled out two significant updates on January 19, 2026. These initiatives focus… Read More

January 20, 2026 @ 10:14 am By JD Alois  |  

Legacy banks have lobbied hard and effectively to undermine the future and potential of digital assets. More specifically, the possibility that stablecoins could generate interest for users, thereby challenging the traditional banking model. As it stands now, stablecoin issuers may not pay users interest on… Read More

January 20, 2026 @ 12:25 am By Omar Faridi  |  

UK’s digital bank Monzo has made several announcements to start the new year, from leadership adjustments to innovative customer tools and engaging promotions. In a notable shift driven by shareholder pressure, Monzo has agreed to provide outgoing CEO TS Anil with a more substantial ongoing… Read More

January 19, 2026 @ 11:28 pm By Omar Faridi  |  

Global payments firm Checkout.com has obtained regulatory clearance to establish a specialized banking entity in Georgia. The approval, granted by the state’s Department of Banking and Finance, allows the Fintech company to launch a Merchant Acquirer Limited Purpose Bank (MALPB). This development is poised to… Read More

January 19, 2026 @ 9:30 am By Omar Faridi  |  

Klarna (NYSE:KLAR) has introduced a fresh capability allowing users to make immediate transfers to others directly through its mobile application. This development aims to streamline everyday financial interactions, such as dividing expenses among friends or sending monetary gifts, positioning the company as a more comprehensive… Read More