Cross River to Power X Money, Embedding FDIC-Insured Accounts Inside X
Cross River Bank will provide the banking infrastructure behind X Money, the…
Banking
Flex Files for Utah Industrial Bank Charter to Fund Rent Instalments Directly
Flexible Finance has applied to charter a Utah state-chartered industrial bank,…
Augustus Raises $180m to Build a Chartered Dollar Clearing Bank for Stablecoins
Augustus, the correspondent banking startup formerly known as Ivy, has raised $180m…
Upstart Wins Conditional OCC Approval for Branchless National Bank Charter
The Office of the Comptroller of the Currency has granted Upstart conditional…
Nubank Wins Central Bank Approval to Operate in Brazil FX Market
Nubank has secured authorisation from the Central Bank of Brazil to operate…
Kraken eyes a European banking licence, with Lithuania in its sights
Crypto exchange Kraken is reportedly pursuing a full banking licence in Europe,…
Thought Machine Surpasses $100 Million in Annual Revenue
Thought Machine, the cloud-native core banking provider, has passed a symbolic…
UK Financial Firms Make Emerging Tech a Top Growth Priority, Lloyds Survey Finds
UK financial institutions are moving emerging technology from the margins to the…
NatWest Chief Accused of 'Scaremongering' Over AI Jobs Warning
NatWest chief executive Paul Thwaite has drawn criticism after acknowledging that artificial…
UK Consumer Credit Hits Record £1.88 Trillion as Card Borrowing Surges
UK consumer credit balances have climbed to a record high, according to…
Barclays to Acquire Youth Banking App GoHenry from Acorns
Barclays has agreed to acquire GoHenry, the UK youth money management platform…
Customers Bank Taps OpenAI to Drive AI Across Commercial Banking
Customers Bank, the digital-forward subsidiary of Customers Bancorp (NYSE: CUBI), has…