House committee passes bank deregulatory package
The House Financial Services Committee passed a legislative package heavily favored by banks in a 26-16 vote
Brink’s plans to buy NCR Atleos; Revolut chases premium accounts
By acquiring the ATM firm, Brink’s hopes to expand in retail commerce. Plus, Revolut issues a card to compete with Amex; Standard Chartered has a new payments chief; and more in American Banker’s global payments and fintech roundup.
Ripple tweaks its tech for lurking stablecoin wave
The blockchain technology firm has added new processing tools for digital assets and traditional money, pitching itself as a destination for crypto-curious banks.
Will Trump scramble Santander’s plan to buy Webster?
Banco Santander’s bid to buy U.S. regional bank Webster Financial could face surprise challenges following a dustup between President Trump and Spain’s leaders over the war in Iran.
Kraken first crypto bank to get ‘skinny’ Fed master account
Traditional banks warn the Fed’s decision to grant Kraken a limited-purpose master account introduces systemic risks before final rules are even in place.
‘Software will get liberated’: How to survive the SaaSpocalypse
Banks like Grasshopper are already starting to use AI agents where in the past they would have bought software as a service.
Iran prediction market trades spark insider trading concerns
The fresh scrutiny comes as financial firms like Goldman Sachs and Robinhood dabble with various prediction market options.
Fincen is forcing banks to rethink some customer relationships
The Financial Crimes Enforcement Network’s expectations of banks that file suspicious activity reports have changed. Some banking clients may soon discover that they are less appealing customers than they used to be.
Inside Iran’s payments system
Fifty years of sanctions has forced the Middle Eastern country to develop its own isolated financial system. But money has still found a way to move in and out of the country.
Iran built its own financial system, and has created a cyberfront in the war
Sanctions forced Iran to build its own financial network, but technology allows it to take the war anywhere