Tagged: banking

May 5, 2026 @ 1:55 pm By JD Alois  |  

Legacy banks continue to complain about the possibility of stablecoin yield or rewards included in the CLARITY Act. While banks use fear, uncertainty, and doubt to warn that they will not be able to lend money to consumers and businesses if stablecoin holders earn yield,… Read More

May 5, 2026 @ 1:41 pm By Omar Faridi  |  

Canada’s largest banks are advancing negotiations to offload their long-standing payments processing partnership. The Royal Bank of Canada and the Bank of Montreal are reportedly engaged in advanced discussions to transfer ownership of their jointly held enterprise, Moneris, to the U.S. private equity firm Francisco… Read More

May 5, 2026 @ 11:13 am By JD Alois  |  

Anthropic has announced dedicated AI agents for the financial services sector. The company stated that it can now automate time-consuming tasks such as building pitchbooks, writing credit memos, screening KYC files, and closing the books at month-end. These services are being sold as individual plugins… Read More

May 5, 2026 @ 8:45 am By JD Alois  |  

The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America issued a shared comment on the language regarding the compromise on stablecoin yield. This is the single biggest hurdle for the passage of the CLARITY Act, crypto… Read More

April 30, 2026 @ 10:12 am By JD Alois  |  

Mercury Bank has received conditional approval for a national bank charter by the Office of the Comptroller of the Currency. In a public statement,  Immad Akhund, co-founder and CEO of Mercury, said they applied for a bank charter as founders need a bank that is… Read More

April 30, 2026 @ 8:57 am By Omar Faridi  |  

Nubank (NYSE: NU), Latin America’s digital financial services platform, has unveiled plans to pour approximately R$45 billion (around US$8.2 billion) into Brazil throughout 2026. This significant commitment nearly doubles the company’s investment levels from two years ago and underscores its deep-rooted confidence in the Brazilian economy… Read More

April 30, 2026 @ 7:57 am By Omar Faridi  |  

European digital bank bunq has joined forces with Dutch Bitcoin platform Blockrise to deliver protected Bitcoin services to customers through a Banking-as-a-Service (BaaS) solution. Announced on 29 April 2026 in Amsterdam, the alliance marks a significant step in blending traditional banking safeguards with cryptocurrency accessibility,… Read More

April 28, 2026 @ 8:34 pm By JD Alois  |  

The Independent Community Bankers of America (ICBA) says consumers worry that digital assets will harm community banks. ICBA President and CEO Rebeca Romero Rainey says their polling proves that Americans “strongly support community bank views amid the ongoing debate over digital assets market structure.” Rainey… Read More

April 26, 2026 @ 6:54 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) has delivered a strongly optimistic assessment of global capital markets, asserting that the current earnings expansion remains firmly on track even as geopolitical tensions dominate the news cycle. According to the bank’s latest analysis, corporate profits continue their upward trajectory… Read More

April 22, 2026 @ 8:01 am By Omar Faridi  |  

Eiendomskreditt has chosen Knowit and Mambu as strategic partners to replace its existing core banking platform. The collaboration will deliver a modern, cloud-native system designed to enhance operational efficiency, scalability, and customer-centric services for one of the country’s specialized property credit institutions. Eiendomskreditt, which focuses… Read More

April 21, 2026 @ 12:37 pm By JD Alois  |  

LendingClub Bank (NYSE:LC) has rebranded as Happen Bank. The onetime marketplace lending platform said the new name marked a “significant milestone” in its existence as a digital bank. The label will roll out this summer. LendingClub CEO Scott Sanborn explained that the LendingClub label no… Read More

April 19, 2026 @ 3:20 pm By Omar Faridi  |  

Dutch banking services provider ABN AMRO has rolled out new tools designed to let customers tap into the cryptocurrency sector without direct ownership. The bank is now offering Crypto Exchange Traded Products (ETPs) and Capital Protected Notes (CPNs) across the Netherlands and select European countries…. Read More

April 18, 2026 @ 6:55 pm By Omar Faridi  |  

UK’s Allica Bank, the self-described full-service digital banking platform that is dedicated to established small and medium-sized enterprises, claims it has delivered its strongest financial performance to date. This past year, the bank achieved its third straight year of profitability while significantly expanding its customer… Read More

April 18, 2026 @ 9:00 am By Omar Faridi  |  

Nubank’s (NYSE: NU) latest milestones highlight its accelerating momentum across Latin American markets, blending customer growth with new payment technology that aims to put users in control of their finances. In Mexico, the digital bank has now surpassed 15 million customers, firmly establishing itself among… Read More

April 18, 2026 @ 8:22 am By Omar Faridi  |  

Cybersecurity professionals at Kaspersky have uncovered a freshly updated version of the JanelaRAT malware, which is actively targeting online banking users throughout Latin America. Researchers from the company’s Global Research and Analysis Team (GReAT) identified the threat after it disguised itself as a harmless pixel-art… Read More

April 17, 2026 @ 2:20 am By Omar Faridi  |  

ClearBank, a provider of real-time clearing and embedded banking solutions, has marked its tenth anniversary with another seemingly solid performance, securing its third straight year of profitability in the UK. The company reported robust expansion in 2025, driven by higher fee-based earnings and a sharp… Read More

April 16, 2026 @ 12:22 pm By Omar Faridi  |  

Italian banking services provider UniCredit has committed €4 million to secure roughly a 16% ownership stake in BlockInvest, a tech firm specializing in blockchain-based solutions. Announced recently this month, this partnership represents a key advancement in reshaping financial market infrastructures by embracing blockchain as the… Read More

April 13, 2026 @ 11:19 am By JD Alois  |  

The American Bankers Association (ABA) has issued a statement countering the report by the Council of Economic Advisers, part of the Trump White House, which recently stated that stablecoin yield does no harm to banks but, if banned, harms consumers’ ability to generate value from stablecoin holdings. In… Read More

April 10, 2026 @ 5:43 am By JD Alois  |  

As should have been expected by all, a research report published by the Trump administration’s Council of Economic Advisors (CEA) indicates that stablecoin yield will not impact lending at all. The FUD promoted by banks never held any merit but it was a great display… Read More

April 9, 2026 @ 1:18 pm By Omar Faridi  |  

Cybersecurity firm Kaspersky has indicated that over 1 million online banking accounts have now been compromised by so-called infostealers during the past year, as global cyberthreats shifted toward credential theft as well as data reuse. Kaspersky pointed out that attackers are moving away from traditional… Read More