Klarna aims for a U.S. banking license in its latest expansion beyond buy now, pay later.
Klarna Seeks U.S. Banking License On September 10, 2025, Sebastian Siemiatkowski, CEO and co-founder of Klarna, a Swedish fintech renowned for its buy now, pay later services, spoke with CNBC during the company’s IPO on the New York Stock Exchange. Recently, Klarna announced that it has filed applications with both federal and state regulators to […]
Movie producer of ‘Reagan’ says the company lost banking services while making the biopic of the Republican figure.
Bank of America Allegedly ‘Debanked’ Film Company During Reagan Biopic Production It seems the production of “Reagan” has hit a snag. The company behind the film claims Bank of America unexpectedly cut access to its accounts while working on the biopic about Ronald Reagan, the 40th president and a well-known figure in Republican circles. RawHide […]
As a JPMorgan Chase Advisor, here are four expensive banking errors that could jeopardize your finances.
Managing a bank account should be straightforward, yet certain small habits can inadvertently jeopardize your finances and personal data. Darius Kingsley, a bank advisor and fraud prevention expert, points out common issues related to JP Morgan Chase. He highlights common banking errors that people often make without realizing their consequences. Thankfully, fixing these issues is […]
Which Banking ETF Is Superior, State Street’s KBE or iShares’ U.S. Regional Bank-Focused IAT?
Comparing Two Banking ETFs: KBE vs. IAT The State Street SPDR S&P Bank ETF (KBE 1.09%) and the iShares U.S. Regional Bank ETF (IAT 1.01%) are two options for those looking to invest in the financial sector. KBE offers broader diversification across the industry, while IAT focuses specifically on regional banks, along with a somewhat […]
UBS Aims to Introduce Banking Services for Affluent Americans
UBS to Launch Banking Services for U.S. Employees UBS is gearing up to test everyday banking services for its employees in the United States, with a pilot program expected to start in a few months. This information comes from a recent report by the Financial Times. According to sources close to the situation, UBS plans […]
OCBC launches its ‘avatar banking’ platform featuring ‘Wendy’ and ‘Wayne,’ two virtual financial advisors, as banks adopt AI in wealth management.
Singapore’s OCBC Bank has introduced a new “Avatar Banking” app that allows customers to interact with a virtual relationship manager round-the-clock. CEO Tan Teck Long, however, emphasized that this innovation wouldn’t lead to job losses. “We want to use AI to enhance and support our workforce rather than reduce it,” he stated during a press […]
Andrew Cuomo states that blockchain technology can reduce banking costs for working families.
Andrew Cuomo, the former Governor of New York, recently discussed his campaign efforts and support for President Trump in an interview on “Fox & Friends.” He expressed concerns about Mamdani’s socialist policies and broader issues facing traditional financial institutions and government inefficiencies, criticizing the U.S. as it falls behind on technological advancements that could benefit […]
Chainlink and Global Banking Groups Initiate Project Pangea to Create T+0 Settlement System for International FX Markets
Chainlink Collaborates with Multinational Groups to Transform FX Infrastructure Chainlink has established a working group with several multinational organizations in Europe and South Korea. Collectively, these groups manage assets exceeding $10 trillion. The primary goal of this initiative is to enhance foreign exchange (FX) infrastructure, specifically by assessing the shift from the traditional T+2 settlement […]
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, […]