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Wells Fargo has filed a trademark application for “WFUSD,” a new digital asset-centric platform.
WFUSD would provide services “featuring software for tokenization of assets” and “cryptocurrency payments processing” and would “execute trades of digital assets,” the banking giant said in a filing Tuesday (March 10) with the U.S. Patent and Trademark Office.
The filing was flagged in a ...
The supply chain is undergoing a structural transformation that goes well beyond the automation wave of the past decade. Across distribution centers, planning systems and logistics networks spanning dozens of companies, artificial intelligence (AI) is moving from a tool that assists human decisions to a system that makes them, and in some cases, executes them without waiting for a person to sign...
Revolut’s long journey to obtaining a U.K. banking license has reached its end.
The London-based FinTech announced Wednesday (March 11) that it had landed regulatory approval from the Prudential Regulation Authority (PRA) to launch as a bank in Great Britain.
Revolut has technically been licensed since July of 2024 — after undergoing a three-year wait — but has spent nearly the last...
Thredd is working with Cross River Bank to help international FinTechs enter the U.S.
The collaboration makes Thredd one of Cross River’s strategic processing partners outside of the bank’s own stack, the companies said in a Wednesday (March 11) news release.
“The arrangement enables Thredd to introduce a curated pipeline of high-potential fintech clients from various geographic...
When Elon Musk posted that Tesla’s Optimus robots could one day reach artificial general intelligence, the comment drew the usual mix of skepticism and excitement. But strip away the noise, and the underlying thesis is worth taking seriously: that machines that perceive, reason and act in the physical world may be on a more direct path to AGI than software running in a data center ever was. If...
Anthropic says it could lose billions of dollars due to a government ban on its services.
The artificial intelligence (AI) startup made that argument in a court hearing Tuesday (March 10) as it tried to get a judge to lift the Pentagon’s supply-chain risk designation on the company, Bloomberg News reported.
That designation came last month amid a dispute between Anthropic and the...
The credit industry has spent decades competing for something consumers were never actually optimizing for.
Top of wallet.
Issuers built elaborate rewards architectures to win it. Travel points. Cash back ladders. Category bonuses. Limited time offers designed to nudge one card ahead of another in the consumer’s mental stack.
But the data tells a different story about what consumers...
Digital lender Upstart has become the latest U.S. FinTech seeking a banking charter.
The company announced Tuesday (March 10) that it had applied to federal banking regulators the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to establish an insured national bank.
The personal loan platform also plans to apply to the Federal...
Watch more: Need to Know With Boost Payment Solutions’ Rene Stynen
At first glance, Europe appears to have solved one of modern finance’s most stubborn problems: moving money.
Compared with the United States, where legacy systems have historically slowed transfers, Europe’s payment rails are widely regarded as efficient and mature.
But the biggest bottleneck in Europe’s B2B payments...
Watch more: Digital Shift With Flagright’s Madhu Nadig
Scale is fast becoming a central challenge in financial crime compliance.
As digital payments expand and real-time transactions accelerate, the number of alerts generated by fraud detection and anti-money laundering (AML) systems has surged beyond what human analysts can reasonably and cost-effectively investigate.
The result is a...