Tagged: banking

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

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