SoFi Technologies’ bank-issued, U.S. dollar-backed stablecoin SoFiUSD is now available for SoFi members to buy, sell, hold and convert directly within the SoFi app. “Members...
Wall Street lenders are reportedly lobbying the Federal Reserve to solidify its regulatory regime. That’s according to a report Tuesday (May 26) by Reuters, which says the thinking behind...
Banks in the United States and the United Kingdom are gaining additional asset capacity due to bank deregulation, while those in the European Union and...
Before a bank branch disappears, apparently, it must first become Barbie’s dream collateral. In Easton, Pennsylvania, the former Fidelity Bank branch at 101 S. Third...
The European Central Bank’s effort to build a homegrown payments system using a digital euro is being slowed by European banks’ concerns that the solution...
United Kingdom neobank Starling saw revenues and profits fall last year as interest income dropped. The lender released its annual report Thursday (May 21), which...
Singapore’s government wants the country’s banks and financial firms to rethink their use of artificial intelligence. Rather than simply using AI to cut jobs, these...
The British government shared plans to loosen so-called “ringfencing” rules for the country’s banks, the Financial Times reported Monday (May 18). The rules require banks...
Anthropic will reportedly meet with financial regulators about cyber defense weaknesses uncovered by its artificial intelligence model. The AI startup agreed to meet with members...