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The biggest U.S. banks reportedly increased their dividends after passing the Federal Reserve’s annual stress tests last week.
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Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase...
Eliminating paper checks from government disbursements will reduce fraud and speed up the delivery of payments to recipients, three bank groups told the Treasury Department Monday (June 30).
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The Bank Policy Institute, The Clearing House Association and the Consumer Bankers Association said this in joint comments submitted in response to the Treasury Department’s request...
Global Dollar (USDG), a dollar-backed stablecoin launched in November, is now available to consumers across the European Union.
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USDG is regulated by the EU’s Markets in Crypto-Assets (MiCA), the Finnish Financial Supervisory Authority (FIN-FSA) and the Monetary Authority of Singapore (MAS), the stablecoin’s issuer, Paxos, said in a Tuesday (July 1) press release.
Paxos...
Imports and exports are fluctuating wildly. The long-term strategy behind the tariff negotiations and renegotiations — with a July 9 deadline for new trade deals — has been to bring manufacturing back to the United States.
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But there are signs that the sector remains volatile, in terms of supply and demand, as well as prices. PYMNTS Intelligence data has detailed the...
Saudi Arabia is harnessing advanced technologies to power its national digital transformation guided by a five-pillar framework, according to Aramco’s senior vice president of digital and information technology.
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“Saudi Arabia is undergoing a profound transformation,” said Aramco’s Sami Ajmi, during a speech at recently held Vivatech 2025 conference in Paris. “Vision...
Standard Chartered is reportedly facing a lawsuit in Singapore filed by liquidators who are trying to recover money from Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad (1MDB).
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The lawsuit alleges that Standard Chartered enabled fraud to be committed against 1MDB more than 10 years ago, Reuters reported Tuesday (July 1).
Standard Chartered said in the...
Crypto has long been, and still can be, a safe haven for bad actors. That simple fact has long made digital asset custody a thorny issue.
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Providing a safe haven for crypto could ultimately result in bad actors finding their own safe haven within the American financial system. While custody in traditional finance is the boring backbone of asset safety, in crypto, it’s a...
In 1998, a startup called Google was born, challenging the reigning search giant, Yahoo.
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By the end of 1999, Google had grabbed a 60% market share. Today, Google still dominates in search with an 80% share, according to Statista. Yahoo has 3%.
However, the search landscape is changing. Artificial intelligence chatbots are getting a bigger share of search. As such,...
Zango raised $4.8 million in a seed round for its compliance solution that uses artificial intelligence (AI) and human expertise to “keep businesses ahead of the regulatory curve.”
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The company’s solution is already used by banks and FinTechs across Europe and the United Kingdom, according to a Tuesday (July 1) blog post.
It is designed to provide an alternative to the...
Data labeling company Surge AI is reportedly planning a $1 billion funding round.
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The firm has hired advisors for the capital raise, which would be the company’s first, Reuters reported Tuesday (July 1), citing sources familiar with the matter.
Those sources said Surge, founded by former Google and Meta engineer Edwin Chen, is aiming for a valuation of more than $15...