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News
Italy’s Leading Private Bank Plans to Start Crypto Services
2020-12-15T11:51:36.000+02:00
Banca Generali has entered the crypto world with the acquisition of a $14 million minority stake in Bitcoin wallet, Conio.
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Starling Becomes First Digital Bank to Post Profits
2020-11-20T15:09:44.000+02:00
The bank generated an operating profit of £0.8 million in October.
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Institutional FX
BBVA Agrees to Sell US Subsidiary to PNC Bank for $11.6 Billion
2020-11-16T11:31:51.000+02:00
The deal is the second-largest banking acquisition in the US since the 2008 financial crisis.
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Sygnum Bank Enters Crypto Staking, Offers Stake Rewards for Tezos
2020-11-06T16:42:23.000+02:00
The crypto bank now offers its clients up to 5% annual rewards for staking Tezos (XTZ).
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News
Ant Bank Launches Virtual Lender in Hong Kong
2020-09-28T12:23:00.000+02:00
The lender is offering an interest rate of up to 2.5 percent on deposits.
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Bank of Ireland Takes a €669 Million Loss in H1 2020
2020-08-05T10:45:45.000+02:00
The bank, however, is optimistic about its recent projections.
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Caitlin Long’s Crypto Bank Avanti Planning for an October Launch
2020-07-24T09:04:05.000+02:00
The bank is also developing its own digital currency.
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Starling Bank Adds Slack, Two Others as Marketplace Partners
2020-06-15T13:03:53.000+02:00
Marketplace now has 26 third-party service providers.
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Caitlin Long’s Crypto Bank Avanti Raises $5 Million
2020-06-03T08:27:39.000+02:00
The bank was registered in January and is in the process of applying for a bank charter.
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Monzo to Raise Fresh Funds with 40% Valuation Cut
2020-05-15T13:10:04.000+02:00
The challenger bank was valued at $2.44 billion last June.
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Alpian Raises $12.45 Million to Launch Digital Private Bank
2020-05-06T10:19:04.000+02:00
The platform will target Swiss affluent clients with its banking services.
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Silvergate Bank Faces Wire Transfer Outage
2020-03-23T10:56:12.000+02:00
This is the second time the bank is facing a lapse in the part of its payment processor.
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Payments
Square to Launch Bank in 2021 Following Merchant Lending Approval
2020-03-19T12:14:00.000+02:00
The company also received the go-ahead from the Utah Department of Financial Institutions.
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Catlin Long Pushes to Form Crypto-Native Bank in the US
2020-02-25T11:21:18.000+02:00
Avanti will be regulated as an SPDI under Wyoming laws.
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LendingClub Buys US Bank Radius in a $185 Million Deal
2020-02-19T14:52:14.000+02:00
This is the first time a US-based fintech firm took over a regulated bank.
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Visa Backs B2B Payments Startup Currencycloud in $80M Funding Round
2020-01-27T10:57:27.000+02:00
The UK-based company focuses on "embedded finance": providing payments solutions to companies rather than front-end users.
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News
Sterling Bank Co-Founder’s Crypto Bank to Hit the Market This Month
2020-01-02T18:40:44.000+02:00
The services will be limited to UK-residents initially.
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Binance Planning to Invest in Bankrupt Union Bank: Report
2019-12-06T12:30:11.000+02:00
The exchange is likely to receive a green light from the FMA for the acquisition.
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Nothing New Under the Sun: The First Bank Run In the Crypto Era
2019-10-10T09:47:32.000+02:00
Reports of inflated crypto volume have emerged as the result of a bank run in Hong Kong.
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Medici Bank will Begin Testing with Crypto Clients in October
2019-09-27T08:05:37.000+02:00
The bank, founded by a direct descendant of the Medici family, will onboard 2-3 crypto businesses and one exchange.
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News
Zenus Bank Gets US Regulatory Approval
2019-08-12T16:58:15.000+02:00
Founded by Mushegh Tovmasyan, the challenger bank allows anyone to open a US bank account
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NYC-Based Quontic Bank Opens its Doors to Crypto Companies
2019-08-12T07:46:23.000+02:00
“We’re looking to diversify our product offering and our customer mix by entering into [cryptocurrency.]"
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Regulation
Prostitutes and Dodgy Loans: Bank of Scotland Fined £45 Million
2019-06-21T12:08:26.000+02:00
The FCA said the firm failed to inform it of an array of fraudulent activity back in 2007
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Banks to Invest $50 Million into Blockchain Settlement Process
2019-05-17T09:00:25.000+02:00
A consortium of banks is already developing a similar settlement technology.
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Technology
Integral Builds Mobile FX Trading Application for Arab Bank
2019-04-10T01:00:42.000+02:00
The tech firm built an FX dealer platform for the bank in 2014
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