Banking

Small- to medium-sized businesses (SMBs) have spent decades navigating a banking system that never quite fit their needs, placed between consumer and commercial segments and rarely the focal point of ...

The debate over artificial intelligence policy has entered a new phase, as Washington moves toward a national framework that seeks to unify a fragmented regulatory landscape and establish clearer expectations ...

British regulators have fined the Bank of London for providing fabricated documents about its finances. The Prudential Regulation Authority (PRA) announced the fine of 2 million pounds ($2.6 million) against the bank and its parent company Oplyse ...

Royal Bank of Canada is deploying artificial intelligence at the operational core of its business, across developer workflows, capital markets infrastructure and enterprise decision-making as the bank pursues a stated ...

The Treasury Department announced Monday (March 23) that a series of four roundtables dubbed the “AI Innovation Series” will bring together financial institutions, technology firms, regulators and specialized experts to ...

A scam often works because the payment happens before the victim has time to think. More than half of scam payments are made within 24 hours, according to “Financial Scams and ...

The Federal Reserve will have a third-party review the March 2023 collapse of Silicon Valley Bank, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Friday (March 20). During an ...

Banco Santander (Brasil) said Friday (March 20) that Gilson Finkelsztain, CEO of Brazilian stock exchange B3, will become its new CEO when Mario Roberto Opice Leão steps down from that ...

UBS is set to offer a full range of banking products and services in the United States. Bank executives said this Friday (March 20) while announcing that UBS received approval to convert ...

The Texas Bankers Association announced this month that it will give member banks structured access to tokenized deposit technology through its Innovation Magnet program, partnering with San Antonio-based Vantage Bank, one ...

HSBC is reportedly considering widespread job cuts as the banking giant relies more on AI. The layoffs are expected to mostly focus on non-client facing jobs in the bank’s service centers, ...

The Office of the Comptroller of the Currency (OCC) terminated enforcement actions against four banks in March. In each case, the OCC said it believes “the safety and soundness of the ...

The Bank of England has unveiled proposed guidelines to protect banks from collapse. The central bank’s Prudential Regulation Authority (PRA) released a report Tuesday (March 17) that includes a new liquidity framework designed to help banks ...

Financial data now circulates through banks, FinTech platforms and intermediaries in ways that stretch beyond the structure of existing privacy law, banking and FinTech executives said Tuesday (March 17), raising ...

Visa has launched Visa Agentic Ready, a program that gives banks a structured way to test payments made by AI agents on behalf of consumers. Announced in a Tuesday (March ...

Can banking be done through chat? Ryt Bank in Malaysia thinks so, and its chat-based artificial intelligence (AI) system now processes about 80,000 transactions a month. Ryt Bank deployed the regulator-approved ...

Developments in The Prompt Economy over the past few weeks has been moving from retail and infrastructure issues to a focus on financial services. And that focus has resulted in ...

The Federal Reserve is set to unveil relaxed capital requirements for U.S. banks. That’s according to a speech Thursday (March 12) by Fed Vice Chair for Supervision Michelle Bowman, who said ...

Mastercard began rolling out a suite of solutions designed to help banks support the cross-border payment needs of small- to medium-sized businesses (SMBs) in the Asia-Pacific region. The new Mastercard Global ...

Truist Financial has teamed with Plaid to expand open banking access for its clients. The data access agreement is designed to give customers better financial control and insights, Sherry Graziano, Truist’s head of digital, ...

Zelle introduced an application that permits charitable disbursements from donor advised funds (DAFs), according to a Thursday (March 12) press release emailed to PYMNTS. The new offering, announced in partnership with ...

Digital assets are reshaping U.S. financial services, and their impact can be traced by the wake of new banking charter applications. The U.S. Office of the Comptroller of the Currency (OCC) ...

Wells Fargo has filed a trademark application for “WFUSD,” a new digital asset-centric platform. WFUSD would provide services “featuring software for tokenization of assets” and “cryptocurrency payments processing” and would “execute trades ...

Revolut’s long journey to obtaining a U.K. banking license has reached its end. The London-based FinTech announced Wednesday (March 11) that it had landed regulatory approval from the Prudential Regulation Authority (PRA) to launch as a ...

Thredd is working with Cross River Bank to help international FinTechs enter the U.S. The collaboration makes Thredd one of Cross River’s strategic processing partners outside of the bank’s own stack, the companies said ...

The reality of financial blockchain adoption is turning out to be a very different story than the permissionless approach the digital asset space was built atop philosophically. Institutions including JPMorgan Chase, ...

The financial industry in the United States rests in part on an architecture of trust and institutional legitimacy. Access to the Federal Reserve’s infrastructure has long been viewed as the ultimate ...

A former top banking regulator says the cryptocurrency-focused Clarity Act will help the banking sector. “The banks need this more than crypto,” Christopher Giancarlo, former chair of the U.S. Commodity Futures Trading Commission (CFTC), said in ...

Innovation versus regulation is no longer the defining framework of the blockchain finance space. Instead, as a Thursday (March 5) technical clarification issued jointly by the Office of the Comptroller of ...

Revolut, the London-based global FinTech with 70 million customers, took its most decisive step yet into the American market Thursday (March 5), filing for a national bank charter with the ...

Visa has appointed one of its executives, Leonardo J. Collado, to lead Pismo, the provider of processing solutions for bank, FinTechs and financial institutions around the world that Visa acquired in 2024. Collado, who ...

Bank executives appearing before a House Financial Services subcommittee Thursday (March 5) delivered a blunt message. Financial fraud has become more sophisticated, more coordinated and more difficult to contain, even as ...

Private credit has evolved from a niche financing tool to a fixture of modern capital markets, and as it expands, banks, regulators and investors are taking a closer look at ...

Negotiations over a major U.S. crypto bill have hit an impasse. Large banks say they cannot support a White House compromise on stablecoin “rewards,” raising doubts the legislation will clear ...

Unauthorized-party fraud has reclaimed center stage, reversing last year’s pattern and reshaping how banks think about risk. That is the core shift in the “2025 State of Fraud and Financial Crime in ...

As digital dollars move onto blockchains, what happens to the banks that still sit at the center of the financial system? That was the question at the center of a new ...

The recent increase in national bank charter activity reflects a deliberate recalibration by FinTech firms that seek to widen the range of services they offer while securing steadier funding and ...

Digital assets have gotten boring enough that their growth is now buried in procedural filings, not viral social media headlines. Take, for example, the news that blue-chip global bank Morgan Stanley ...

Barclays is looking to build a blockchain platform that could handle stablecoin payments and tokenized deposits, Bloomberg reported Friday (Feb. 27), citing unnamed sources. The bank has sent a request for ...

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 ...