Governments and banks once mocked Bitcoin. Now they want in on it
Bitcoin's value has surged dramatically, attracting serious consideration from governments and financial institutions due to its significant growth and potential.
Spot Ethereum ETFs Set to Launch in US on July 23
The SEC has approved spot Ethereum ETFs to trade in the US from July 23, 2024, attracting significant financial institutions and market interest.
Why Crypto Idealogues Won't Touch Bitcoin ETFs
US regulators have approved the launch of spot bitcoin exchange-traded funds (ETFs), allowing people to invest in bitcoin through a brokerage.
The approval of ETFs is seen as a victory by bitcoin investors, but it goes against the original vision of bitcoin as a decentralized currency not controlled by financial institutions.
Investors in spot bitcoin ETFs will not actually own or possess bitcoin; they will only hold representations of it.
Wells Fargo and Bank of America's Merrill Are Now Offering Spot Bitcoin ETFs To Clients
Mainstream financial institutions like Merrill Lynch and Wells Fargo are now offering access to Bitcoin ETFs due to increased investor interest.
The decision to offer Bitcoin ETFs reflects the growing demand for cryptocurrency investment options among affluent clients.
Bank of America (BAC) Price Prediction and Forecast
Bank of America, despite significant challenges, remains a dominant institution but faces hurdles from regulations and market conditions.
Possibly the two best bank stocks to buy in 2024 - London Business News | Londonlovesbusiness.com
Investing in banking stocks is favorable for the second half of the year.
Governments and banks once mocked Bitcoin. Now they want in on it
Bitcoin's value has surged dramatically, attracting serious consideration from governments and financial institutions due to its significant growth and potential.
Spot Ethereum ETFs Set to Launch in US on July 23
The SEC has approved spot Ethereum ETFs to trade in the US from July 23, 2024, attracting significant financial institutions and market interest.
Why Crypto Idealogues Won't Touch Bitcoin ETFs
US regulators have approved the launch of spot bitcoin exchange-traded funds (ETFs), allowing people to invest in bitcoin through a brokerage.
The approval of ETFs is seen as a victory by bitcoin investors, but it goes against the original vision of bitcoin as a decentralized currency not controlled by financial institutions.
Investors in spot bitcoin ETFs will not actually own or possess bitcoin; they will only hold representations of it.
Wells Fargo and Bank of America's Merrill Are Now Offering Spot Bitcoin ETFs To Clients
Mainstream financial institutions like Merrill Lynch and Wells Fargo are now offering access to Bitcoin ETFs due to increased investor interest.
The decision to offer Bitcoin ETFs reflects the growing demand for cryptocurrency investment options among affluent clients.
Bank of America (BAC) Price Prediction and Forecast
Bank of America, despite significant challenges, remains a dominant institution but faces hurdles from regulations and market conditions.
Possibly the two best bank stocks to buy in 2024 - London Business News | Londonlovesbusiness.com
Investing in banking stocks is favorable for the second half of the year.
Bank of America (BAC) Price Prediction and Forecast
Bank of America faces multiple challenges, including stock sell-offs by major investors, regulatory compliance issues, and high interest rates affecting its lending capabilities.
Bank of America (BAC) Price Prediction and Forecast
Bank of America, a leading financial institution, faces multiple challenges including internal shakeups and strict regulatory pressures that impact its stock performance.
Bank of America (BAC) Price Prediction and Forecast
Bank of America faces multiple challenges, including stock sell-offs by major investors, regulatory compliance issues, and high interest rates affecting its lending capabilities.
Bank of America (BAC) Price Prediction and Forecast
Bank of America, a leading financial institution, faces multiple challenges including internal shakeups and strict regulatory pressures that impact its stock performance.
The Fed's End-Run Around Democracy to Promote Green Policies
The Federal Reserve is pushing green policies on American banks through Climate Stress Tests and Climate Risk Management.
A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers
Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.
CEO Jamie Dimon: 'Time to Fight Back' Against Federal Rules | Entrepreneur
Jamie Dimon of JPMorgan Chase advocates against overlapping federal regulations, claiming they harm lower-income individuals and create unfair burdens for banks.
The Fed's End-Run Around Democracy to Promote Green Policies
The Federal Reserve is pushing green policies on American banks through Climate Stress Tests and Climate Risk Management.
A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers
Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.
CEO Jamie Dimon: 'Time to Fight Back' Against Federal Rules | Entrepreneur
Jamie Dimon of JPMorgan Chase advocates against overlapping federal regulations, claiming they harm lower-income individuals and create unfair burdens for banks.
Protecting financial institutions in the era of AI-driven threats
AI is enhancing the sophistication of ransomware attacks, especially in the financial sector.
Spear phishing using AI is increasing vulnerabilities in financial organizations.
The use of deepfakes represents a new level of threat in cyber attacks.
Banking details of 30 million Santander customers exposed during breach allegedly up for sale on the dark web
The aftermath of a major data breach at Santander involves the alleged sale of customer and staff information, prompting the need for increased security measures within financial institutions.
Fidelity Investments data breach impacts more than 77,000 customers
Fidelity Investments experienced a data breach impacting over 77,000 customers due to security misconfigurations allowing unauthorized access to accounts.
Ransomware attacks on financial sector targeted in House bill
Legislation proposes enhanced coordination between public and private sectors to combat ransomware attacks in financial institutions.
Indian online ID verification firm Signzy confirms security incident | TechCrunch
Signzy confirmed a security incident involving a cyberattack that raised concerns over customers' data safety. CERT-In is involved in the oversight.
Affirm tells SEC customer data stolen in Evolve breach
The number of financial institutions affected by the Evolve Bank & Trust breach is increasing, impacting companies like Wise and Affirm.
Protecting financial institutions in the era of AI-driven threats
AI is enhancing the sophistication of ransomware attacks, especially in the financial sector.
Spear phishing using AI is increasing vulnerabilities in financial organizations.
The use of deepfakes represents a new level of threat in cyber attacks.
Banking details of 30 million Santander customers exposed during breach allegedly up for sale on the dark web
The aftermath of a major data breach at Santander involves the alleged sale of customer and staff information, prompting the need for increased security measures within financial institutions.
Fidelity Investments data breach impacts more than 77,000 customers
Fidelity Investments experienced a data breach impacting over 77,000 customers due to security misconfigurations allowing unauthorized access to accounts.
Ransomware attacks on financial sector targeted in House bill
Legislation proposes enhanced coordination between public and private sectors to combat ransomware attacks in financial institutions.
Indian online ID verification firm Signzy confirms security incident | TechCrunch
Signzy confirmed a security incident involving a cyberattack that raised concerns over customers' data safety. CERT-In is involved in the oversight.
Affirm tells SEC customer data stolen in Evolve breach
The number of financial institutions affected by the Evolve Bank & Trust breach is increasing, impacting companies like Wise and Affirm.
Muslim charities face discrimination as Palestinians are desperate for aid
Financial institutions' de-risking practices disproportionately affect Muslim and immigrant businesses, limiting their access to critical banking services.
Tens of thousands of mortgage customers to be compensated after being overcharged interest on loans
Ulster Bank will notify customers regarding a mortgage system error that resulted in wrongful charges.
Debunking 'Dumb Customer' Myth: What's Wrong with Digital Banking UX
Complex digital banking interfaces cause user dissatisfaction; poor UX design often blamed for customer complaints.
'If banks are only investing in the experience layer but the foundational tech is archaic, we're going to have a hard time creating integrated experiences': U.S. Bank's Scott Beyer - Tearsheet
SMBs anticipate revenue growth, but face challenges like time constraints and supply chain issues. Financial institutions can help by enhancing technology and user experiences.
Debunking 'Dumb Customer' Myth: What's Wrong with Digital Banking UX
Complex digital banking interfaces cause user dissatisfaction; poor UX design often blamed for customer complaints.
'If banks are only investing in the experience layer but the foundational tech is archaic, we're going to have a hard time creating integrated experiences': U.S. Bank's Scott Beyer - Tearsheet
SMBs anticipate revenue growth, but face challenges like time constraints and supply chain issues. Financial institutions can help by enhancing technology and user experiences.
Financial institutions are increasingly investing in and developing their own stablecoins, showing a significant shift towards integrating crypto into traditional finance.
Developer security best practices for FinServ
Financial institutions must balance innovation with stringent security to safeguard sensitive data.
Inside 8 innovative technology projects on Wall Street, from Blackstone to Goldman Sachs
Generative AI and data initiatives are key to innovation and risk assessment in financial institutions.
The big boys want in on crypto, too
Financial institutions are increasingly investing in and developing their own stablecoins, showing a significant shift towards integrating crypto into traditional finance.
Developer security best practices for FinServ
Financial institutions must balance innovation with stringent security to safeguard sensitive data.
Inside 8 innovative technology projects on Wall Street, from Blackstone to Goldman Sachs
Generative AI and data initiatives are key to innovation and risk assessment in financial institutions.
'The confirmation of the transaction is just as important as the underlying transaction': Truist's Chris Ward on how to simplify global transactions for SMBs - Tearsheet
SMBs are expanding globally, facing challenges with international payments, while seeking better, more convenient digital solutions due to frustrations with traditional banking.
Creators need more than views-they need better financial tools - Tearsheet
Traditional banks are missing opportunities in the creator economy due to their lack of understanding.
Creators' diverse income streams make traditional banking products inadequate for their needs.
Bitcoin's original purpose of decentralization is increasingly compromised by institutional involvement and concentration of ownership.
Opinion | Don't Get Fooled Again by Crypto
Crypto gaining mainstream acceptance with high Bitcoin prices and loosened investment rules.
Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
Senate passed legislation to overturn SEC's SAB 121, enabling highly regulated financial firms to custody cryptocurrencies despite potential veto by President Biden.
NIKOLAUS: Business Insider Says Trump And Harris Both Courting The Bitcoin Vote, But Reality Says Otherwise
Bitcoin is gaining traction among mainstream financial institutions, potentially influencing U.S. presidential candidates' focus on the crypto community.
President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
The Executive Office of President Biden opposes legislation allowing financial firms to act as cryptocurrencies custodians, protecting SEC's work and investors.
Bitcoin Record High Would've Happened Without ETFs, Just Much Later
Bitcoin hit new all-time high thanks to spot bitcoin ETFs
Experts believe ETFs accelerated Bitcoin's rally
The Paradox of the Bitcoin Maximalist
Bitcoin's original purpose of decentralization is increasingly compromised by institutional involvement and concentration of ownership.
Opinion | Don't Get Fooled Again by Crypto
Crypto gaining mainstream acceptance with high Bitcoin prices and loosened investment rules.
Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
Senate passed legislation to overturn SEC's SAB 121, enabling highly regulated financial firms to custody cryptocurrencies despite potential veto by President Biden.
NIKOLAUS: Business Insider Says Trump And Harris Both Courting The Bitcoin Vote, But Reality Says Otherwise
Bitcoin is gaining traction among mainstream financial institutions, potentially influencing U.S. presidential candidates' focus on the crypto community.
President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
The Executive Office of President Biden opposes legislation allowing financial firms to act as cryptocurrencies custodians, protecting SEC's work and investors.
Bitcoin Record High Would've Happened Without ETFs, Just Much Later
Bitcoin hit new all-time high thanks to spot bitcoin ETFs
Cardholders are expecting more from their digital banking. What will it take us to get there?: 5 questions with Mastercard's Melanie Fuller - Tearsheet
Financial institutions must adapt creatively to evolving online customer expectations and improve digital banking experiences, especially in post-purchase workflows.
These are the best CD rates in Florida today
Rising interest rates are beneficial for savers, especially when using certificates of deposit (CDs) to maximize earnings.
Cash-loving Swiss reluctantly move toward a cashless future as instant payments launch
Switzerland's instant payment system launch will significantly enhance cashless transactions across the country.
77% of Consumers Expect Banks to Use AI to Fight Fraud
AI plays a crucial role in enhancing security and efficiency of real-time payments.
Moving beyond 'receive only': What banks can do today to embrace real time payments - Tearsheet
Financial institutions face challenges in implementing real-time transactions due to core system limitations and lack of overarching strategy.
Balance between speed in instant payments and robust security measures is crucial for banks, along with factors like fraud prevention for consumer/business adoption.
77% of Consumers Expect Banks to Use AI to Fight Fraud
AI plays a crucial role in enhancing security and efficiency of real-time payments.
Moving beyond 'receive only': What banks can do today to embrace real time payments - Tearsheet
Financial institutions face challenges in implementing real-time transactions due to core system limitations and lack of overarching strategy.
Balance between speed in instant payments and robust security measures is crucial for banks, along with factors like fraud prevention for consumer/business adoption.
Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC
Morgan Stanley financial advisers can offer bitcoin ETFs to wealthy clients, responding to client demand.
What Happens if Bitcoin Reaches an All-Time High?
Spot bitcoin ETFs attracting billions in net inflows from reputable financial institutions like BlackRock and Fidelity.
Crypto lending sector evolving with programs like Securitize's offering over-collateralized loans and tokenized funds.
Bitcoin ETFs: What to Expect on Day One
Spot bitcoin ETFs have been approved in the US and will debut on US markets run by NYSE, Cboe Global Markets, and Nasdaq.
The ETFs will allow retail customers to gain exposure to bitcoin's price and let traditional financial institutions invest without going through crypto exchanges.
$1.5 Trillion Wall Street Giant Morgan Stanley Buys Bitcoin ETF Exposure
Major US financial institutions significantly investing in Bitcoin via spot ETFs, led by firms like Morgan Stanley with $269.9 million in GBTC.
Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing
Wells Fargo disclosed exposure to spot Bitcoin ETFs, indicating institutional interest in Bitcoin market.
Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC
Morgan Stanley financial advisers can offer bitcoin ETFs to wealthy clients, responding to client demand.
What Happens if Bitcoin Reaches an All-Time High?
Spot bitcoin ETFs attracting billions in net inflows from reputable financial institutions like BlackRock and Fidelity.
Crypto lending sector evolving with programs like Securitize's offering over-collateralized loans and tokenized funds.
Bitcoin ETFs: What to Expect on Day One
Spot bitcoin ETFs have been approved in the US and will debut on US markets run by NYSE, Cboe Global Markets, and Nasdaq.
The ETFs will allow retail customers to gain exposure to bitcoin's price and let traditional financial institutions invest without going through crypto exchanges.
$1.5 Trillion Wall Street Giant Morgan Stanley Buys Bitcoin ETF Exposure
Major US financial institutions significantly investing in Bitcoin via spot ETFs, led by firms like Morgan Stanley with $269.9 million in GBTC.
Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing
Wells Fargo disclosed exposure to spot Bitcoin ETFs, indicating institutional interest in Bitcoin market.
Silicon Valley is investing trillions in AI with uncertain profitability.
White House Pushes Tech Industry to Shut Down Market for Sexually Abusive AI Deepfakes
President Biden's administration is urging tech and financial sectors to combat AI-generated abusive sexual images. Companies' voluntary cooperation is sought to address spread and monetization.
There's No Guarantee AI Will Ever Be Profitable
Silicon Valley is investing trillions in AI with uncertain profitability.
White House Pushes Tech Industry to Shut Down Market for Sexually Abusive AI Deepfakes
President Biden's administration is urging tech and financial sectors to combat AI-generated abusive sexual images. Companies' voluntary cooperation is sought to address spread and monetization.
Bitcoin Hits New Heights Between BlackRock Success and London Approval
Bitcoin's market value surpassing silver is a significant milestone.
Large financial institutions like BlackRock are increasingly investing in Bitcoin.
How Financial Services Firms Can Unleash The Power Of Generative AI
Financial firms focus on distinguishing fads from genuine value-adding innovation like generative AI.
Generative AI is rapidly evolving, attracting significant investments from tech giants like Microsoft and Meta.
London Stock Exchange To Accept Bitcoin Exchange Traded Note Applications
The London Stock Exchange (LSE) is accepting applications for Bitcoin exchange-traded notes (ETNs).
Bitcoin ETNs provide investors with regulated exposure to Bitcoin through traditional stock exchanges.
It's official: in-office workers aren't more productive
Some of the largest financial institutions are calling back their employees to the office, while others are adopting flexible working policies.
Remote working can increase employee happiness and productivity, but many financial institutions still insist on employees returning to the office.
Financial services should look to processor-level data protections, report suggests
Processors with security functions can help secure data during digital transformations for financial institutions.
Germany Banking Giant DZ to Pilot Crypto Trading This Year: Bloomberg
DZ Bank is planning to launch a cryptocurrency trading pilot later this year
The offering will be for customers who can invest 'without advice'
Op-ed: Fixes for Chicago's affordable housing crisis go beyond money
Financial institutions can help close the housing gap by making housing and community development grants available to low- and moderate-income homebuyers.
Equitable housing goes beyond purchasing a house, it also requires investments in local economies and small businesses.
ODSC's AI Weekly Recap: Week of May 31st
AI advancements in financial institutions and influence operations.
Variety of AI tools and platforms available for different applications.
A look at LoanSnap's troubles and which neobanks are having a moment | TechCrunch
LoanSnap faces financial troubles amid lawsuits and eviction, while neobanks like Nubank and Monzo see positive growth and milestones in the fintech sector.
Visa's Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
Allium Labs raised $16.5 million in Series A funding, led by Theory Ventures, will invest in data infrastructure and expanding services for financial institutions.
Financial media network ad spend will more than quadruple over the next 2 years
US financial media network spending set to reach $1.50 billion in 2026, driven by the rise of FMNs and first-party data utilization.
Why Better GenAI-Driven Real Estate Decisions Stem from Better Data Sets - SPONSOR CONTENT FROM JLL
GenAI brings competitive edge to finance, next frontier in CRE sector.
Madison Simm joins Change Lending as CFO
Madison Simm appointed as Change Lending's new CFO with extensive financial services experience.
McKinsey Sees Just $2T of Tokenized RWAs by 2030 in Base Case, With Broad Adoption 'Still Far Away'
Tokenization adoption will happen in waves, led by assets like mutual funds, bonds, loans, as financial institutions embrace blockchain technology at a slower pace.