Finastra Divests Core Banking Division to Shift Focus to Payments and Lending
Pollen Street, a private capital asset management firm, is set to acquire Finastra’s global core banking software division, known as Universal Banking (UB), with plans to support its transition to an independent entity. The announcement made on June 19 states that Pollen Street aims to inject funds into UB to accelerate innovation in products, enhance […]
Banking Groups Advocate for Lower Capital Charges in Basel Proposal
On Thursday, five industry groups expressed their concerns regarding the Basel capital proposals released by the federal banking agency back in March. They argued that these proposals need adjustments to remove excess capital areas and better match capital burdens with associated risks. Organizations like the Bank Policy Research Institute, American Bankers Association, Financial Services Forum, […]
Barclays Purchases GoHenry to Foster Long-Term Banking Connections
Barclays Acquires GoHenry to Attract Young Customers Barclays has announced its purchase of GoHenry, a UK platform designed for money management aimed at children aged six to 18. The goal is to engage potential customers before they set up their first adult bank accounts. This acquisition, revealed on Friday, is projected to finalize in the […]
BCP Group Speeds Up Growth of Private Banking in Morocco
BCP Group Unveils New Brand Platform for Private Banking Agadir – The People’s Central Bank of Morocco, also known as BCP Group, has launched a fresh brand platform for its Private Banking division. This move is part of a broader initiative to expand the bank’s regional presence across Morocco. The group’s transformation aims to meet […]
Revolut Introduces Employee Incentives to Drive Business Banking Growth
Revolut is making waves in the business banking sector by offering employees £1,000 (about $1,330) as an incentive to attract new clients to the digital bank. This news comes from a memo sent by the CEO, Nick Stronsky, to staff on May 15. In this memo, Stronsky highlighted the company’s ambition to introduce business banking […]
Revolut Considers Private Banking as Trading Operations Grow
Revolut has gained regulatory clearance to broaden its trading operations. The UK Financial Conduct Authority (FCA) granted this approval, enabling Revolut Trading to offer “investments, advisory, and portfolio management all in one place.” Victoria Laffey, the unit’s operations chief, shared this news in a release on Thursday. This green light is expected to help Revolut […]
U.S. Senate Banking Committee reveals the Clarity Act before the hearing.
New Bill Aims to Regulate U.S. Cryptocurrency Industry A new bill poised to fully integrate the U.S. cryptocurrency sector into the regulated financial landscape has surfaced. The Senate Banking Committee released the document just after midnight Tuesday, ahead of a hearing aimed at pushing the initiative forward. While the updated version wasn’t expected to surprise […]
Senate Banking Committee to conduct important hearing on market structure this Thursday
Senate Banking Committee to Review Digital Asset Market Transparency Act The Senate Banking Committee is set to hold its much-anticipated markup hearing on the Digital Asset Market Transparency Act of 2025, often referred to as the Transparency Act, on Thursday, May 14th at 10:30 a.m. The Clarity Act faced significant delays after Coinbase CEO Brian […]
Significant cryptocurrency legislation set for vote in Senate Banking Committee on May 14
Senate Committee Set to Vote on Crypto Regulation Bill The Senate Banking Committee is preparing for the first vote on a key cryptocurrency regulation bill on May 14th. If the bill moves forward, it could pose challenges for the banking sector. Banks are concerned that certain provisions, particularly those limiting when stablecoins can generate interest, […]
FBI cautions that fake banking calls are deceiving customers into sending money.
Authorities are warning the public about bank fraud calls that can lead to significant financial loss for customers. These scammers pose as bank or law enforcement officials, claiming to protect customers’ money. The FBI has noted an increase in these types of calls. Victims are often convinced to transfer funds, which can result in losing […]