Banking

Klarna said Wednesday (Feb. 25) that the number of people using its app on a daily basis rose by 53% over the past year and now stands at 9 million. The ...

Artificial intelligence (AI) and machine learning are playing a key role in TD Bank Group’s “No. 1 priority,” its U.S. anti-money laundering (AML) remediation program, an executive said Thursday (Feb. ...

Banco Santander is leveraging artificial intelligence (AI) as it works to boost its profit and its customer base over the next 24 months. The bank plans to achieve a profit of ...

Updating the banking core has traditionally been viewed as akin to docking a cruise ship, with modernization serving as shorthand for incrementalism. Digitize the front end, bolt middleware onto aging ...

Citigroup has assembled a team focused on helping the bank win more business advising and lending to investors and companies involved in the build-out of data centers, computing and other ...

Several banks are testing the use of agentic artificial intelligence to boost the efficiency of their systems for monitoring trading and spotting potential misconduct, Bloomberg News reported Wednesday (Feb. 25). Deutsche ...

The Trump administration is considering requiring banks to collect citizenship information from both new and existing customers, The Wall Street Journal reported Tuesday (Feb. 24), citing unnamed sources. This requirement could ...

Anthropic’s Claude is moving into the human resources, design and investment banking fields, Bloomberg News reported Tuesday (Feb. 24). The artificial intelligence startup announced the expansions of its chatbot Tuesday during ...

The latest quarterly earnings report from Fidelity National Information Services (FIS), released Tuesday (Feb. 24) offered a snapshot of how banks are allocating technology budgets amid competitive pressure and regulatory ...

The European Central Bank is reportedly examining the risks banks face from the AI sector. The ECB is asking lenders for further details on their loans to areas such as data centers, Bloomberg ...

First Citizens BancShares is looking to make acquisitions that will give it the scale needed to deal with the additional regulations that come into effect when a bank reaches $250 ...

A FinTech can launch a polished banking app in months, but becoming a bank can take years. The difference isn’t marketing. It’s legal authority. It’s also one of the hottest financial stories ...

JPMorgan Chase said in a Thursday (Feb. 19) court filing that it will seek a dismissal of President Donald Trump’s lawsuit that alleges the financial institution “debanked” him in 2021, ...

Klarna said in a fourth-quarter earnings report that it doubled its number of banking customers over the past year. During the fourth quarter, Klarna’s number of banking customers grew 101% year ...

Stablecoins are often portrayed as a triumph of blockchain innovation, but behind the scenes they can frequently run on conventional infrastructure. It may come as a surprise to corporate leaders weighing ...

Watch more: TechReg Talks With Nixon Peabody’s Andrew Glass and Gregory Blase For years, getting a bank charter was something only traditional financial institutions worried about. That’s changing fast. A growing number of ...

The Federal Reserve wants to get banks to focus on mortgage lending once more, The Wall Street Journal reported Wednesday (Feb. 18). Many banking giants in the United States got out ...

Despite the hype and headlines, institutional and financial blockchain products are no silver-bullet panacea for legacy money movement frictions. The early promise of blockchain was around efficiency thanks to its immutable, ...

Mobile communications and connectivity company Ericsson launched a money movement partnership with Mastercard, according to a Wednesday (Feb. 18) press release. The collaboration combines Ericsson’s mobile financial services platform with the ...

J.P. Morgan Chase is reportedly planning a 160-location wave of branch openings this year. That’s according to a Wednesday (Feb. 18) report from the Financial Times (FT), which characterizes the effort ...

Stripe-owned Bridge announced Tuesday (Feb. 17) that it received conditional approval from the Office of the Comptroller of the Currency (OCC) to organize a federally chartered national trust bank. When the charter is fully approved, Bridge will be ...

The pace of artificial intelligence spending required in the financial services sector may force smaller banks into mergers, Bloomberg reported Tuesday (Feb. 17), citing analysts at JPMorgan Chase. Competitive demands are ...

Banks in the U.K. are reportedly working to create their alternative to Visa and Mastercard. Executives from the country’s banking giants will meet this week on the project, driven by fears ...

Human civilization and the concept of money have historically been intertwined. And, as the financial landscape is faced with the question of stablecoins and tokenized deposits, a February 2026 Federal ...

Here is the strange math confronting every bank, payment network and FinTech on the planet: Quantum computing is simultaneously overhyped and underestimated. It’s overhyped because the commercial applications most people imagine—the ...

While cross-border trade itself remains in a period of upheaval, the global payment options supporting cross-border commerce have never been more advanced and innovative. While FinTechs have redefined speed and usability, ...

Cross-border mergers between European Union banks are reportedly at their highest level since 2008. That’s according to a report Monday (Feb. 16) from the Financial Times (FT), which says that rising ...

A class action lawsuit targeting JPMorgan Chase’s cash sweep program can move forward after a federal judge rejected the bank’s request to dismiss the suit, Reuters reported Friday (Feb. 13). In a ...

The most consequential artificial intelligence deployments in finance are invisible to customers. They are unfolding inside compliance queues, cash management dashboards and payment routing engines, where AI agents now initiate tasks ...

The consumer in the United States is no longer one market. It’s two. And corporate earnings calls are increasingly where the split shows up first. On one side are premium brands ...

The Federal Reserve plans to review “matters requiring attention” (MRAs) issued to banks by its examiners and downgrade some to “non-binding supervisory observation,” Reuters reported Wednesday (Feb. 11), citing a ...

Scott Hurlbert’s clearest reminder that customer experience is still personal came through a text from his daughter. She was away at college and wanted to do something sensible with her savings, ...

Bank charters represent the operating system (OS) for the U.S. financial sector. But not all charters are created equal, and the differences matter immensely for what institutions can do, how they’re ...

The idea of a bank-issued digital asset was once an oxymoron. Today, it’s one that’s gaining momentum. On Friday (Feb. 6), the U.S. Commodity Futures Trading Commission (CFTC) clarified that national trust banks ...

U.K. banking giant NatWest is acquiring wealth manager Evelyn Partners for 2.7 billion pounds (approximately $3.6 billion). Purchasing Evelyn Partners from private equity operations Permira and Warburg Pincus will allow NatWest to bolster its savings and investment business, ...

After almost four years, Wells Fargo’s relationship with Bilt is winding down.  However, that hasn’t stopped customers of the credit rewards provider who closed their accounts with the bank to nonetheless ...

Watch more: The Digital Shift With Citi’s Biswarup Chatterjee As blockchain infrastructure inches closer to the core of global finance, a consequential debate is taking shape inside banks and among institutional ...

Nubank’s effort to get a banking license in the United States is part of a global expansion planned by the digital bank, Bloomberg reported Thursday (Feb. 5). The company’s 2024 investment ...

Treasury Secretary Scott Bessent used his House testimony Wednesday (Feb. 4) to spotlight an urgency for new bank formation. More than half of community banks have disappeared since the financial crisis, ...

The House Financial Services Committee convened Wednesday (Feb. 4) for a marathon session on financial sector stability lasting roughly five hours, characterized by sharp ideological divides and procedural maneuvering. And while ...

Banco Santander plans to expand its presence in the United States by acquiring the holding company for Connecticut-headquartered Webster Bank for $12.2 billion. The combined business created by the acquisition will ...

Community banks still trade on proximity and relationships, but their appeal now hinges just as much on whether they can deliver modern digital services. PYMNTS Intelligence data shows that 32% of ...

Crypto market structure legislation remains stalled after a closed-door meeting at the White House failed to resolve differences over the payment of interest and other rewards on stablecoins, Reuters reported ...

Watch: Why technology enables smarter merchant acquisition Merchant acquisition has become both an opportunity and a strategic pressure point for banks, sitting at the intersection of growth ambitions and regulatory accountability. In ...

Credit unions can find opportunity in navigating technology shifts and trends while keeping members at the center, Velera President and CEO Chuck Fagan writes in a new PYMNTS eBook, “2025’s Over/Under: ...

Consumer spending among millennials and Generation Z is not merely holding up. It’s underwriting earnings growth across financial services and retail, while pulling daily financial life deeper into mobile channels. Gen ...

Varo Bank said its all-digital nationally chartered bank is entering a new stage of growth after raising $123.9 million in a Series G round led by existing investor Warburg Pincus and new investor Coliseum ...

The merger between Fifth Third Bancorp and Comerica Incorporated closed Monday (Feb. 2), forging an institution with roughly $294 billion in assets and signaling a reshaping how regional banks compete ...

Digital financial services giant Nu received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States, according to ...

Cryptocurrency exchange ByBit reportedly wants to look more like a bank. The company plans to begin offering banking services, including accounts that allow users to hold balances in U.S. dollars and other fiat ...

The White House’s crypto council plans to host a summit for executives from trade groups representing the banking and cryptocurrency industries in an effort to restart progress that was being ...

Visa, JPMorgan Chase and Bank of America are among the companies that will support Trump Accounts. Set to be launched this year, Trump Accounts will be tax-advantaged investment accounts for U.S. ...

Today’s digital-first shoppers are happy to let artificial intelligence lend an electronic hand as they shop online for everything from clothing to groceries. However, most are nowhere close to handing over ...

The rise of stablecoins could pose a grave threat to America’s regional banks. That’s according to a new analysis from investment bank Standard Chartered, cited in a report Tuesday (Jan. 27) ...

Eleven banking and credit union groups sent a joint letter to members of Congress, urging the lawmakers to reject the Credit Card Competition Act (CCCA) and any expansion of the Durbin ...

The 21st century has seen a shift in how nonbanks enter the financial system. During 2025, the Office of the Comptroller of the Currency (OCC) received 14 de novo charter applications, ...

Wells Fargo appointed Amazon Web Services (AWS) executive Faraz Shafiq as head of AI products and solutions, effective Feb. 9. Shafiq will oversee the vision, roadmap and development for artificial intelligence-powered ...

Comptroller of the Currency Jonathan Gould reportedly said that the Office of the Comptroller of the Currency’s (OCC) work to relax leveraged-loan rules for banks will reduce the regulatory burden on those lenders and ...

A bill advanced to the House of Representatives by the House Financial Services Committee aims to reduce unnecessary regulatory burdens on community banks and small credit unions, the committee said ...

Banks are increasingly turning to artificial intelligence to cut costs and improve customer service, with savings showing up most clearly in call center operations. At KeyCorp, the parent of KeyBank, CEO ...

Swiss banking giant UBS reportedly plans to begin offering cryptocurrency trading in response to growing demand from wealthy clients. UBS has been considering partners for this push into crypto for months ...

Citigroup reportedly plans to lay off an unspecified number of employees in March after cutting about 1,000 jobs this month. The March layoffs are likely to involve managing directors and senior employees ...

Buy now, pay later (BNPL) provider Affirm aims to establish a bank subsidiary called Affirm Bank. Affirm submitted applications to the Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation ...

Hackers only need to get it right once to wreak havoc. This week, a congressional committee hearing, “Oversight of the Department of Homeland Security: CISA, TSA, S&T,” underscored that openings are ...

Capital One paired its fourth-quarter earnings report Thursday (Jan. 22) with the announcement of its acquisition of Brex, positioning the deal as a structural move deeper into business banking and ...

Capital One plans to acquire expense management platform Brex for $5.15 billion.  The companies have signed a definitive agreement, and the transaction is expected to close in the middle of the year, subject to customary closing conditions, Capital One ...

From a current level of about $2 trillion,  assets in the private credit sector are projected to reach roughly $30 trillion by the end of the decade according to some ...

Bank of America’s Brian Moynihan is the latest CEO questioning a proposed 10% credit card interest rate cap. That cap, proposed earlier this month by President Donald Trump, would slow consumer ...

Regions Bank has launched a partnership with payments technology company Worldpay. The collaboration, announced Wednesday (Jan. 21), is designed to improve how the bank’s business clients accept payments and manage cash ...

As Pay by Bank becomes more visible in the U.S. payments market, one group of consumers is clearly leading the way: those who use digital banks. “Pay by Bank Deep ...

Growth in a digital world requires standout digital infrastructure and tooling. That’s supported by findings in the new report “When ‘Good Enough’ Isn’t Enough: Digital Identity Verification in the Age of ...

Citigroup Chair and CEO Jane Fraser said Tuesday (Jan. 20) that she does not expect Congress to support the 10% cap on credit card interest rates proposed by President Donald ...

At the World Economic Forum in Davos, global banking chiefs, FinTech leaders and regulators converged on a shared reality: AI is reshaping finance faster than institutions can adapt alone. The path ...

U.S. Bancorp said Tuesday (Jan. 20) that its payments transformation contributed to its achievement of record net revenue of about $7.4 billion during the fourth quarter. This payments transformation was one ...

KeyCorp’s fourth-quarter results, released on Tuesday (Jan. 20), underscored a bank leaning into artificial intelligence (AI) and automation as tools of execution discipline, with an eye on wider transformation. Management ...