Wise cashes in on cross-border payments’ big moment
Wise grew its net revenue 19% year over year to $2.5 billion in its fiscal 2026, aided by increased deposits, cross-border volume and spending on the Wise card. It’s the latest sign that interest in cross-border payments and multicurrency accounts is heating up.
Elon Musk’s ‘bank’ is live. What it needs to threaten fintechs
X Money includes rudimentary functions like deposits and P2P transfers. But it’s also laying groundwork for a potential move into agentic commerce and broader financial services — which analysts say is necessary for the app to thrive in a crowded market.
Goldman leads $110M bet on Taktile’s AI software
Taktile’s backers now include Goldman, Tiger Global and Index Ventures, lifting its total raised to $184 million since 2020.
AI boom could cause the next economic crash, BIS warns
The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
Supreme Court allows Cook to remain at Federal Reserve
The Supreme Court found that President Donald Trump did not provide Lisa Cook requisite due process when he sought to remove her from the Fed last year, and for that reason denied the White House’s motion to remove her immediately.
The ‘shampoo bottle’ theory of bank sales training
There is a tendency among many sales managers to tightly script sales interactions. But if you attempt to take all reasoning and thinking out of a job, you’ll get employees who stop reasoning or thinking.
The cost of AI’s ‘compute’ is coming into focus, and it’s a lot
Banks and other companies are starting to face the true cost of buying AI services, and are already looking to cut corners.
How banks are looking to tame their growing AI bills
Lately there’s been a sea change in how tech companies charge for AI, and some banks are balking at the cost. Here’s a look at how lenders can rein in their spending.
Clash of titans: GSIB proposal pits megabank against megabank
JPMorgan Chase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.
Housing bill expected to become law — sooner or later
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.