digital first banking

Regulators’ Stablecoin Warnings Open Door for Digital Dollar, Tokenized Deposits

Regulators’ Stablecoin Warnings Open Door for Digital Dollar, Tokenized Deposits
Regulators’ Stablecoin Warnings Open Door for Digital Dollar, Tokenized Deposits
January 03, 2023  |  Legal & Regulation

Warnings on stablecoins from a trio of regulators may cause banks to seek digital alternatives instead. And digital dollars (aka CBDCs) and tokenized deposits issued...

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UAE Set to Launch 2 New Digital Payment Solutions
UAE Set to Launch 2 New Digital Payment Solutions
December 27, 2022  |  Payment Methods

Authorities in the United Arab Emirates have recently made announcements concerning new payment solutions.  First Abu Dhabi Bank (FAB), the FinTech Magnati and PayRow Net,...

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For Small Business, Choosing the Best Bank Starts With the Right Banker
For Small Business, Choosing the Best Bank Starts With the Right Banker
December 23, 2022  |  SMBs

For small businesses, it’s sometimes the banker, and not the bank, that makes the difference.    That came across clearly in an episode of SMB...

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What Is Digital-First Banking?
What Is Digital-First Banking?
December 21, 2022  |  Banking

Digital-first banking refers to a type of banking in which the primary means of interacting with the bank is through digital channels, such as a...

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CFPB Levies Record $3.7B Fine on Wells Fargo
CFPB Levies Record $3.7B Fine on Wells Fargo
December 20, 2022  |  Legal & Regulation

The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the...

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Green Dot Banking Platform Extends Partnership With Wealthfront 
Green Dot Banking Platform Extends Partnership With Wealthfront 
December 19, 2022  |  Banking

The Green Dot banking platform has extended its partnership with wealth management provider Wealthfront.  The two companies said in a Monday (Dec. 19) press release...

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Bank-to-Bank Digital Currency Poses Threat to Stablecoin Appeal 
Bank-to-Bank Digital Currency Poses Threat to Stablecoin Appeal 
December 19, 2022  |  Cryptocurrency

A bank-to-bank digital currency may threaten the appeal of traditional, privately-issued stablecoins. News came last month that the New York Fed has seen the benefits of such...

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Italy Considering Tax to Reduce Bank Fees on Merchant Digital Payments
Italy Considering Tax to Reduce Bank Fees on Merchant Digital Payments
December 07, 2022  |  Legal & Regulation

Italy’s ruling coalition may deploy a tax on banks in its fight against digital payments.  The coalition’s proposed tax on banks — which has been...

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