Grasshopper Bank lets customers ask Claude about their money
The digital bank gives its business clients the option of feeding their bank account data into Anthropic’s large language model, which will then provide answers to their questions.
High-profile new blockchains signal a shift in power over payments
Noelle Acheson writes that new blockchains from Circle and Stripe are about more than customization and control over the features. They’re about redistributing power across the payments landscape
As crypto trust applications grow, so do banks’ objections
More nonbank digital asset firms are applying for national trust charters, a development that many banking organizations oppose due to what they say is inadequate oversight, lack of congressional intent and no FDIC backstop.
Trump calls on Fed’s Cook to quit over mortgage probe
The Federal Open Market Committee member is the third Democrat the Trump administration has accused of committing occupancy fraud.
Klarna inks loan sales deal ahead of IPO
The Swedish financial institution will sell future buy now/pay later originations to Nelnet. Also, RBC and BMO may sell their payments joint venture; and other news in the global payments and fintech roundup.
Truist to open 100 branches, hire more financial advisors
The Charlotte, North Carolina-based bank, which is focusing its growth push in the Southeast, is also planning to renovate 300 existing offices as part of an effort to attract more mass-affluent customers.
Credit union leader: Banks object to ‘fact that we exist’
Scott Simpson, the next CEO of America’s Credit Unions, talked to American Banker about how he plans to fend off a “clear attempt to try to destroy the business model.”
Visa makes online payment tech the star of its Asia move
The card brand is partnering with Adyen, Worldpay and other processors to expand Click to Pay, a simplified e-commerce authentication and processing tool.
Fifth Third makes purchase to expand its payments business
The Ohio bank bought DTS Connex to expand its cash management services for businesses with multiple locations, like retailers, restaurants and health care providers.
CFPB drops investigation into Trump Jr.-affiliated BNPL lender
The Consumer Financial Protection Bureau dropped an investigation into Credova Financial, a buy now, pay later lender focused on gun financing and subsidiary of PSQ Holdings, where Donald Trump Jr. serves on the board.