Four Democratic U.S. Senators have a message for bankrupt FinTech Synapse: Let your customers get access to their deposits. The four senators — Senate Banking...
Singapore’s DBS Bank is reportedly set to begin a custody service for stablecoin reserves. It’s part of a collaboration between the city-state’s largest lender and a local...
Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a...
Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July...
The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed...
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is...
Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. As the Financial Times (FT) reported Monday (July 1), a...
As consumers increasingly look to their financial institutions for insurance products, banks have an opportunity to meet this growing demand. A recent report from PYMNTS...
Chime has acquired Salt Labs to accelerate Chime’s growth through the employer channel. The resources of Salt Labs, an enterprise technology company whose flagship product is...