5 things banks, payment firms can do to deter fraud
Fraud and scam prevention was top priority for financial institutions in 2024, and will continue to be a key area of investment in 2025. But while many banks have already taken steps to combat the ever-changing face of fraud, there’s more that industry can be doing to help their commercial and consumer banking clients stay […]
Stablecoin platform Utila secures $18 million in Series A funding
As interest in stablecoins increases, and regulatory guardrails appear on the horizon, institutions may be ready to work with secure digital asset platforms.
Klarna’s IPO faces test in market roiled by Trump’s tariffs
The payment company’s listing comes amid market and political volatility, but the Swedish firm has its strong recent financial performance and distribution deals with JPMorgan Chase and Walmart on its side.
How Verizon figures into Santander’s U.S. growth plan
The U.S. arm of Spanish banking giant Banco Santander is offering a high-yield savings account through its digital bank, Openbank, to eligible Verizon customers, a move that will introduce Santander to millions of potential new customers.
Acting OCC head calls debanking ‘repugnant and odious’
Without citing examples, acting comptroller Rodney Hood expressed disgust at what he called the “debanking” of certain businesses.
Temenos opens innovation hub in Central Florida
The Geneva-based core banking provider is hiring U.S. tech talent to build AI-powered solutions for banks.
Treasury promotes IRS whistleblowers who probed Hunter Biden
The Treasury named a pair of IRS agents as special advisors to Treasury Secretary Scott Bessent, and plans key roles for them at the IRS.
Washington bank restates earnings after reporting issues surface
Coastal Financial’s decision to report a material weakness won’t impact previously disclosed bottom-line results, though it creates bad optics for the Everett-based company.
Cathie Wood says most meme coins will end up ‘worthless’
The investor noted that the SEC and regulators are not taking responsibility for meme coins and that her private funds are not putting money into these coins.
Citi’s poaching wealth tech execs from rivals. Here’s why.
The hires, meant to shore up a division that has not been as tech-forward as leadership would like, have included Morgan Stanley and J.P. Morgan veterans.