Browsing: Banking

Paraguay’s President Santiago Peña has been impeached and placed under house arrest following the collapse of Ueno Bank, which froze savings for millions of citizens.

Revolut’s valuation jumps 53% to $115 billion in a secondary share sale. The fintech prepares to launch a US bank in 2027 and weighs a public listing.

UK AI job cuts are running at twice the rate of the US and Germany. Barclays plans to axe 5,000 roles by 2026 as it adopts artificial intelligence.

Global banking watchdogs are ramping up oversight of artificial intelligence to address growing cyber risks and potential threats to financial stability.

As stablecoins surges, traditional banks and fintech providers are lining up adoption—transforming payment infrastructure and liquidity management.

Traditional banks and fintech providers are ramping up stablecoin adoption—transforming payment infrastructure, liquidity management, and compliance practices.

The age of AI-Powered Digital Workers in banks is here: autonomous AI agents to drive productivity, streamline operations, transform financial services.

The banking and finance sector is undergoing a seismic shift, driven by the rapid adoption of generative AI.