OCC’s GENIUS implementation draft rule keeps yield on the table
While the Office of the Comptroller of the Currency’s recently published stablecoin rule bars stablecoin issuers from offering yield on holdings, there is enough wiggle room in the proposal — and unfinished business in Congress and the courts — for rewards to ultimately be accepted.
Newity on the hunt for new bank partners
The Chicago-based lender service provider, which has helped build Northeast Bank in Maine into an SBA powerhouse, has expanded its capacity with an AI-driven technology upgrade.
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.