Tagged: banking

January 16, 2026 @ 11:21 am By JD Alois  |  

Monzo, a top digital bank, experienced a several-hour outage this past week. The American Banker reported that users experienced failed payments and challenges in reaching customer support. On the Monzo community board, a representative stated that as soon as platform issues were identified, they activated… Read More

January 14, 2026 @ 1:11 pm By Omar Faridi  |  

In the ecosystem of Swiss retail banking, established institutions continue to dominate digital advancements, while digital-only banks intensify efforts to tailor services to individual needs. According to an analysis by Colombus Consulting, which assessed 28 key players using over 50 indicators spanning websites, apps, social… Read More

January 13, 2026 @ 8:00 am By Omar Faridi  |  

Intesa Sanpaolo continues to solidify its position as a key player in debt capital markets and sustainable initiatives. The Italian banking institution has recently announced significant bond market transactions conducted in late 2025 and a substantial green loan aimed at advancing eco-friendly maritime transport. These… Read More

January 11, 2026 @ 3:05 pm By Omar Faridi  |  

BNY (NYSE: BK) has launched new digital cash capabilities by enabling the on-chain mirrored representation of client deposit balances on its Digital Assets platform. Announced recently, this initiative represents the first concrete step in BNY’s strategy to tokenize bank deposits, paving the way for real-time,… Read More

January 9, 2026 @ 8:59 am By Omar Faridi  |  

In a bid to enable UK consumers with smarter money management, Starling Bank has revealed a surprisingly simple habit distinguishing the nation’s top savers: checking their bank balance daily. According to recent research, those who monitor their accounts every day save more frequently and maintain… Read More

January 8, 2026 @ 12:34 am By Omar Faridi  |  

UK’s banking services provider Barclays has acquired a minority stake in Ubyx, a US-based firm specializing in stablecoin settlement infrastructure. This marks Barclays’ inaugural foray into investing in a company focused on stablecoins, underscoring the bank’s ongoing plans to delve into innovative digital financial instruments… Read More

January 7, 2026 @ 9:25 pm By Omar Faridi  |  

Amsterdam-based bunq BV has submitted a fresh application to establish itself as a bank in the United States. The company filed for a national bank charter with the Office of the Comptroller of the Currency (OCC) on January 6, 2026, marking its second attempt in… Read More

January 7, 2026 @ 3:53 pm By Omar Faridi  |  

Kontigo, a stablecoin banking platform primarily serving users in Latin America, has committed to fully compensating customers impacted by a recent cyberattack. The incident, which compromised approximately $340,905 in stablecoin holdings, affected more than 1,000 individuals, highlighting ongoing vulnerabilities in the digital finance space. The… Read More

January 7, 2026 @ 9:06 am By JD Alois  |  

The American Fintech Council (AFC) has issued a statement on the regulation of banks and non-banks. In a letter submitted to the FDIC, the CFPB, the FTC, the OCC, and the Federal Reserve, the group stated that “banks are banks, and non-banks are non-banks” and… Read More

January 6, 2026 @ 9:43 am By JD Alois  |  

Cross River Bank, a  Fintech first financial services firm, has distributed a recap of progress made during the past year. Cross River’s Founder, President and CEO Gilles Gade, says that 2025 was a defining year as everything changed with the confluence of artificial intelligence (AI)… Read More

January 6, 2026 @ 8:19 am By Omar Faridi  |  

In a seemingly stark and recent forecast for the financial sector, Morgan Stanley (NYSE:MS) anticipates that Europe’s banks could shed more than 200,000 positions by 2030. This projection stems from an industry-wide shift toward artificial intelligence and digital operations, which promises significant efficiencies but at… Read More

December 31, 2025 @ 8:52 am By Omar Faridi  |  

In a significant recent move to conclude its long-standing withdrawal from the Russian market, Citigroup (NYSE: C) has reportedly received board approval to divest its last operational entity there, AO Citibank, to Moscow-based investment bank Renaissance Capital. This decision, announced on December 29, 2025, marks… Read More

December 30, 2025 @ 8:04 am By Omar Faridi  |  

Anchorage Digital noted that some years can pass without actually leaving a trace. And then certain years seemingly shift the center of gravity—years that force an entire industry to rethink and perhaps re-evaluate what’s possible, what’s probably coming next, and who’s leading the movement. For… Read More

December 29, 2025 @ 8:27 am By Omar Faridi  |  

After the final charter approval of Telcoin Digital Asset Bank by the Nebraska Department of Banking and Finance this past month, Telcoin begins initial blockchain banking operations with the launch of its eUSD stablecoin on the Ethereum and Polygon blockchains. With the minting of $10… Read More

December 29, 2025 @ 8:26 am By Omar Faridi  |  

China’s central bank, the People’s Bank of China (PBOC), has unveiled a comprehensive action plan to elevate its central bank digital currency (CBDC), the digital yuan (e-CNY). Effective January 1, 2026, this initiative will introduce an upgraded governance framework, operational mechanisms, and supporting infrastructure, marking… Read More

December 23, 2025 @ 10:55 am By Omar Faridi  |  

CB Insights noted that AI is now considered to be a universal focus area for retail banks, with various generative AI use cases increasingly emerging across operations, from fraud prevention to enhancing a range of customer service solution. CB Insights also mentioned that as agentic… Read More

December 22, 2025 @ 4:49 pm By JD Alois  |  

Marquis, a software provider for banks that also supports compliance needs, has been the target of a ransomware attack apparently caused by a SonicWall flaw. While there is no information on the Marquis website, multiple reports indicate that around 400,000 customers saw their information pilfered…. Read More

December 20, 2025 @ 11:02 am By Omar Faridi  |  

Mercury announced they have submitted an application to the Office of the Comptroller of the Currency (OCC) for a national bank charter and applied for federal deposit insurance with the Federal Deposit Insurance Corporation (FDIC). The applications mark a milestone in their evolution and a… Read More

December 18, 2025 @ 5:55 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently reported the key issues that are now said to be facing the US federal banking system in the Semiannual Risk Perspective for Fall 2025. The OCC reported that the strength of the federal banking… Read More

December 17, 2025 @ 2:49 pm By JD Alois  |  

Erebor Bank’s deposit insurance application has been approved by the Board of Directors of the Federal Deposit Insurance Corporation. Erebor received approval for a bank charter in October, the first de novo national bank charter issued under the current administration. Headquartered in Columbus, Ohio, the bank… Read More