Category: digital currencies

Although not getting as much attention these days as the metaverse or Web3, the potential impact of quantum computing in financial services certainly has the attention of the industry’s biggest players. This week, Mastercard approved the first cards for issuers that meet EMVCo contactless specifications to protect cardholders from attacks from quantum computers as well…

JPMorgan Chase Bank increased its technology spend in the third quarter as the bank continued its investment in artificial intelligence (AI) to help mitigate risk and potential losses in the face of economic uneasiness. “There are a lot of uncertainties today,” Chief Executive Jamie Dimon said today during the bank’s Q3 earnings call. Although the…

U.S. Bank more than doubled the number of its tech-led partnerships in the third quarter. “Through the third quarter, new tech-led partnerships year to date were 2.5 times the number of new partnerships we had acquired in the entire year of 2019, and these partnerships are continuing to grow,” said Terry Dolan, vice chair and…

Small business banking tools company NorthOne pulled in $67 million in funding this week. The Series B round increases the company’s total raised to more than $90 million. NorthOne has big ambitions, and is seeking to be “the digital finance department powering every small business in America.” Small business banking tools company NorthOne landed $67…

If you had 6 minutes to talk with Alexa Von Tobel about all things fintech, what questions would you ask? For those new to the fintech industry, let me fill you in. Alexa is the Founder and Managing Partner of Inspired Capital and was the Founder and CEO of LearnVest, a wealth management platform she…

The UK is currently being treated as a poor credit risk. There are worse risks within the Eurozone Seems like bond traders have got a downer on the UK. They should cast their beady eyes over the Eurozone where there is serious trouble on the horizon. Of course the UK government did a pretty lousy…

Deutsche Bank and Fiserv are teaming up to launch Vert, a payment acceptance and processing company aimed to serve small businesses. Unlike other tools on the market, Vert will also offer traditional banking services. Deutsche Bank has a built-in client base of around 800,000 small-to-medium-sized businesses who will be able to access the new solutions.…

Two years since the draft text was first released, the EU’s flagship Markets in Cryptoassets Regulation has now been finalised and is set to become law. The rules will impact crypto issuers and service providers not only in the EU but around the world, thanks to its extraterritorial effect. Several important aspects will only start…

Farmers State Bank is partnering with Teslar Software to automate its commercial lending operations. The $81 million bank plans to first leverage Teslar’s indirect lending solution to better manage exceptions and past due loans before adding other modules over time, according to a release. “Our bank has steadily grown over the past decade, and it…

Bank of America has built and launched an expanded CashPro Payment API this week to give clients more options to process transactions in multiple countries at any time of day. “Through a single API implementation, the bank’s Cash Pro Payment API connects clients to over 350 payment types across 38 global markets,” Meg Garand, head…