Tag: Banks

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Stablecoin Regulatory Uncertainty Could Put Banks at a Disadvantage: Expert

Regulatory uncertainty around stablecoins could place traditional banks at a greater disadvantage than crypto companies, according to Colin Butler, executive vice president of capital...

Stablecoin Yields will Bring Fresh Money to US Banks: Patrick Witt

Stablecoin yield providers will inject more capital into the US banking system, argues White House Council of Advisors for Digital Assets executive director Patrick...

Hong Kong to Approve First Stablecoin Licenses for Banks

HSBC Holdings and a joint venture led by Standard Chartered are reportedly set to become the first authorized stablecoin issuers in Hong Kong.The Hong...

FintechOS Secures Microsoft AI Certification to Bring Production-Grade AI to Banks and Insurers

FintechOS, an AI company catering to financial services, has officially earned the Solutions Partner with certified software designation for Financial Services AI from Microsoft....

Generic AI Falls Short for Banks: Glia’s New Benchmark Report Reveals the Power of Purpose-Built Tools

As regional financial institutions face rising technology costs and mounting pressure from megabanks and fintechs—which now capture 44% of all new checking accounts—the race...

Next week could spice things up for BTC as seven central banks face an inflation test

Next week could prove pivotal for markets, including bitcoin, as seven major central banks, including the powerful Federal Reserve, announce rate decisions amid war-driven...

The $300 billion digital dollar boom could eat into traditional banks’ profits, warn Jefferies analysts

There is a war going on between crypto firms and traditional banks over stablecoins, and Jefferies analysts said that they could become a steady...

Why banks are moving beyond single-provider stablecoin payment rails

Latest developments: Infrastructure providers are increasingly building network-based stablecoin payment systems instead of single-provider rails, said Borderless CEO, Kevin Lehtiniitty, in an interview on...

Wall Street Banks Weigh Lawsuit Over Crypto Banking Charters

In brief The Bank Policy Institute is weighing a lawsuit against the Office of the Comptroller of the Currency over its move to grant national...

US Banks Need Clear Crypto Rules to Stay Ahead, ex-CFTC chair says

US banks are the ones most in need of crypto regulatory clarity, according to Chris Giancarlo, former chairman of the US Commodity Futures Trading...

Circle shifts $68 million in internal payments via its own stablecoin to bypass legacy banks

Circle has begun using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers using USDC, CEO Jeremy Allaire...