Know What's Happening in Banking
Know What's Happening in Banking
Klarna secures $2B facility and $1.7B risk transfer to boost lending
Klarna announced a $2 billion forward‑flow facility with Elliott Investment Management that will back up to $17 billion of U.S. loan originations over three years. On April 1 it completed a €1.7 billion Significant Risk Transfer led by Värde Partners, freeing capital for further growth.
Also developing:
Ireland’s three largest retail banks—AIB, Bank of Ireland and PTSB—are rolling out Zippay, a peer‑to‑peer mobile payment service developed by Nexi, starting 10 March. The app, embedded directly within each bank’s existing mobile platform, will initially reach a potential user base of more than five million Irish account holders. Zippay allows users to send up to €1,000 per day and request up to €500 per transaction using phone‑book contacts, positioning the banks against fintech challenger Revolut. The launch revives the abandoned Synch Payments project, but with tighter integration for faster adoption.
Heritage Commerce Corp reported a strong deposit surge of $160.7 million in Q4 2025, with 95% of the growth coming from non‑maturity accounts, while loan balances slipped $37 million due to higher payoffs. Net interest margin rose to 3.44% as funding costs...
American Airlines’ Citi AAdvantage Globe Mastercard offers a $350 annual fee paired with four annual Admirals Club Globe Passes. The passes load automatically into the airline’s mobile app, grant 24‑hour lounge access for the primary cardholder and a guest, and require a...
DBS is urging Singapore‑based SMEs to hedge at least half of their foreign‑exchange exposure amid heightened volatility from the Middle‑East conflict. The bank’s SecureFX facility, which lets companies lock in rates up to US$1 million without credit lines, is already used...
The EU Digital Operational Resilience Act (DORA) has been in force since January 2025, obligating financial services firms to retain operational control during severe IT incidents, not merely avoid failures. While many institutions have bolstered continuity and cyber‑response capabilities, a Veeam‑commissioned...
Advocate General Athanasios Rantos of the EU Court of Justice issued an opinion that banks must instantly refund victims of unauthorized phishing transactions under the EU Payment Services Directive (PSD2), unless they have reasonable grounds to suspect fraud. The opinion...
Spreedly announced the launch of an agentic commerce channel that lets AI‑driven agents initiate transactions through merchants’ existing payment service provider relationships while the merchant remains the record of sale. The new channel runs on Spreedly’s open payments platform, preserving...
Offline payments let retailers accept card transactions when the internet drops by storing encrypted payment data on the POS device until connectivity returns. Shopify POS offers this capability for up to 24 hours, giving merchants a safety net during outages at...
Private credit is in a strange place today. The economy is tied to the cost of money. Low interest rates mean cheap borrowing, which in theory should lead to higher utilization of credit facilities. Conversely, high interest rates mean less affordable...
Citi's American business credit card has a unique perk, whereby authorized users earn Loyalty Points toward status, rather than just the primary cardmember. Here's how this policy works. https://t.co/jxeD3WsBMF
SumUp announced an expanded partnership with cloud‑native payments platform Form3 to power real‑time SEPA Instant, Credit Transfer and Direct Debit across Europe. The move extends the existing UK‑focused integration, giving SumUp’s 4 million merchants in 37 countries access to instant European...
Analyst Breaks Down Theory On BlackRock's XRP Play Context: 1,700 iShares ETFs globally, $3.6T in US alone. If BlackRock tokenizes even 5-20% of ETF assets on-chain, that's hundreds of billions needing settlement rails. XRP positioned as "killer bridge for TradFi and...
Iran may end up being the Pin that pricked the bubble, but the Banking and Financial Sector Stocks are Crashing equity markets as the impact of a slowing economy and the US private credit market takes hold- Hindi Video... https://t.co/sOz3SepGUO via...
Fideo Intelligence has broadened its dark‑web monitoring to deliver early‑stage fraud signals for banks, fintechs, PSPs and merchants. The upgraded service surfaces synthetic identity creation, account takeovers and credential‑replay attacks before they reach a transaction. Integrated into its Verify and...
The next wave of AI disruption may hit unexpected professions first. Peter Thiel suggests roles built around mathematics and quantitative analysis could be more exposed than language-heavy work. Banks are already hinting that advances in AI could mean leaner teams in finance....
90% of banks think customers are satisfied with AI interactions. Only 59% of customers agree. Banks are optimizing for realism. Customers want resolution. Wrong metric, wrong investment. Why Your Voice AI Strategy Needs to Prioritize Resolution Over Chit-Chat https://t.co/ywMtrISq9g
dLocal and Open English have launched Bre‑B, Colombia’s government‑backed real‑time payment rail, as an instant checkout option for the e‑learning platform. The integration lets students pay via bank‑linked llaves or QR codes, confirming transactions in seconds and eliminating the need...
A corporate treasury transfer just happened at blockchain speed. Circle shifted $68 million between its own entities in about 30 minutes using its stablecoin infrastructure, replacing bank wires that usually take days. Programmable money is starting to change how companies move capital....
Strategy decks are everywhere in banking. Execution is where most institutions struggle. Jesus Garcia of @OceanAir_CU discusses what’s actually working in the credit union sector right now, from fintech partnerships to AI adoption. Watch the full episode, sponsored by @Q2_Software: //youtu.be/tGaZ5ZueuVs
SOFI Technologies and BitGo launched SoFiUSD, a U.S. dollar‑pegged stablecoin issued directly by the federally insured SoFi Bank. In parallel, Visa completed a cross‑border settlement pilot with ANZ, ChinaAMC and Fidelity, using Chainlink’s oracle to settle tokenized assets on multiple...
AI cuts costs. AI also cuts the cost of fraud. The same tooling driving efficiency is fueling the fraud surge. Financial services can't run an AI productivity strategy without a parallel fraud controls strategy. AI was meant to boost productivity. It...
Little crazy that we beat X Money @bankonroger - up to 4 day early paydays, no fees, 3.61 APY, under 18 eligible w/ no co-signer, no minimum balance, integrated/signed direct deposit. I love my @tesla, but ROGER is bringing it....
System audit reports have become essential for banks to validate IT integrity, security, and regulatory compliance. Unlike financial audits, they focus on technology controls, uncover hidden risks, and provide actionable remediation guidance. Regulators such as the RBI demand evidence‑based documentation...
[New Episode] How OceanAir Is Closing the Credit Union Transformation Gap. Interview with Jesus Garcia of @OceanAir_CU. Watch the latest episode on the Banking Transformed Podcast channel on YouTube. Watch the latest episode sponsored by @Q2_Software: https://t.co/VtR2LEbWma https://t.co/cisrp4Lmlv
Florida’s Senate unanimously passed Senate Bill 314, creating the nation’s first state‑level regulatory framework for payment stablecoins. The bill amends the state’s anti‑money‑laundering statute to explicitly cover stablecoins and requires issuers to register with the Office of Financial Regulation, with...
Mastercard’s Priceless program provides cardholders with exclusive discounts, elite status upgrades, and hard‑to‑get tickets to events across the UK and globally. Recent experiences show access to sold‑out theatre shows, backstage ballet rehearsals, and charity‑linked UEFA Champions League tickets. Many offers,...
Federal regulators, led by the SEC, are cracking down on “AI washing,” where firms exaggerate or falsify AI capabilities in investor communications. Recent enforcement actions cite violations of the Securities Act of 1933, the Exchange Act of 1934, and Rule 10b‑5...
Online banks are outpacing traditional institutions by offering high‑yield savings accounts (HYSAs) with APYs of 4% or more, compared to legacy banks’ sub‑0.1% rates. The article illustrates the stark difference: $10,000 earns $1 at 0.01% versus $400 at 4% annually....
A new study uses large‑language‑model techniques to convert the IMF’s 70‑year AREAER narrative archive into a daily, country‑level dataset of cross‑border financial restrictions (iBoP‑C and iBoP‑S). The high‑frequency indices reveal a stop‑go pattern of financial liberalisation, with advanced economies easing...
Planet Financial Group reported a 58% jump in originations to $28.6 billion and a 21% increase in its servicing portfolio to $144.8 billion for 2025, achieved organically despite recent acquisitions. The growth was driven by strong retail retention (52% rise to $2.5 billion)...
In this episode, host David interviews Peter Conti‑Brown about his recent essay outlining three possible reforms to the Fed‑Treasury relationship, focusing on discount‑window liquidity and its stigma. They discuss recent remarks by Fed Governor Michelle Bowman and Treasury Secretary Janet...
Alchemy Pay announced it secured a Money Transmitter License in Delaware, bringing its total U.S. state coverage to 15. The company added four licenses this year, including Nebraska, South Dakota and West Virginia, expanding its regulated fiat‑crypto payment network. Alchemy...
First Fidelity Bank (FFB), a regional community bank with $2.9 billion in assets, has gone live with Bud Financial’s Enrich and Engage platforms to upgrade its digital banking experience. The partnership embeds Bud’s transaction‑data enrichment and personal financial management (PFM) widgets—such...
The Federal Reserve Bank of Kansas City granted Kraken Financial a limited‑purpose account, marking the first pilot of a Fed‑backed banking solution for a crypto exchange. The American Bankers Association and the Bank Policy Institute quickly criticized the move, arguing...
Grupo Financiero Banorte teamed with Hitachi Vantara to relocate its primary data center from Mexico City to Querétaro, moving 450 TB of information in under an hour. The migration introduced two mainframes, three Hitachi storage arrays, and the Virtual Storage Platform...
Swift has introduced a new framework for retail cross‑border payments, with over 25 banks slated to process transactions under the rules by June. The initiative expands Swift’s traditional focus on interbank and commercial transfers to consumer‑level payments, targeting faster settlement,...
Americans deserve financial privacy, real consumer choice, and the freedom to innovate. Prohibiting a government-issued CBDC protects those values while allowing market-driven solutions like stablecoins and decentralized networks to modernize payments. The future of money should be open, competitive, and...
It was never stablecoins vs. cards. The true opportunity for stablecoins to become a mainstream consumer payments option was always stablecoins *and* cards. We discussed this in our Q1 State of Stablecoins and this week, @Visa and @Stablecoin announced they’re expanding their...
The Mortgage Industry Standards Maintenance Organization (MISMO) has elevated the data mapping for VA Form 26‑1820 and the HUD FHA Addendum to candidate recommendation status, making standardized XML datasets available for industry use. The VA mapping translates the loan disbursement report...
SpotPay is building the Global Bank Account. One account that lets anyone send, receive, and spend money locally and across the globe. They’re already live in 40+ countries. https://t.co/RSc6UwlrDZ https://t.co/lV8KO2qvrJ
Interesting idea. If done right, this could change how banking works for business owners. An AI CFO that helps manage finances and an AI-native back office that speeds up things like underwriting could make the whole experience much faster and simpler.
In this episode, host Josh Dattar talks with Keith Smith, founder and CEO of Payouts Network, about the evolving landscape of real‑time payments and the persistent gaps that affect consumers. Keith shares insights on how innovations have both solved and...
We pay 3.61 APY @bankonroger savings without needing a disclosure about losses….no gimmicks or fees & with FDIC insurance up to $250k per depositor. Plus, your money ignited growth for #smallbiz. https://t.co/8oSpSyhQyM
Look Morgan Stanley isn't "rushing into crypto" They're rushing into revenue Bitcoin ETFs generate management fees Wealth advisors get commissions The firm captures flow This has nothing to do with decentralization It's the oldest game in finance wearing a new mask
The Boston Federal Reserve is championing FedNow, its real‑time payments platform, to draw more banks into instant‑payment services. A forthcoming Fed survey shows nine in ten consumers would increase bank usage if instant payments were offered, while 55% reported overdraft...
@Chase tried to open a bank account for an LLC in person and it didn’t work. We couldn’t get through the NAIC chooser after almost an hour with your employee. Went to a different bank where we set...
Circle: AI agents are already driving stablecoin demand. Arc testnet hit 166M transactions. Mainnet hasn't launched yet. The infrastructure race for machine-speed payments is underway — KYC/AML frameworks are not. How Circle Is Marrying Stablecoins With Agentic Commerce https://t.co/QuY14r2lgr
Bilt users are PISSED. Delayed or bounced rent payments. Customer service from unhelpful AI bots with human agents seemingly missing in action. Any info on what’s happening? My DMs are open.
"If the liquidity requirement framework were revised to recognize banks’ capacity to borrow from the discount window, reserve demand could fall by a lot, perhaps about $1 trillion." https://t.co/kkmZqcwLGH
Are Gen Z customers worth it? Absolutely. But they’re going to demand more transparency, more speed, more empathy, and more control. The real question is: Are banks ready for the friction that comes with higher expectations? https://t.co/pgkCkSGKYM
