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US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.
31 March 2025
Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.
Private sector bank Axis becomes the first Indian financial institution to offer near-real-time, 24/7 programmable USD clearing for its commercial clients with JP Morgan’s digital assets unit Kinexys.
28 March 2025
Standard Chartered is rolling out a Generative AI tool to tens of thousands of employees around the world.
Australia's Commonwealth Bank has opened a dedicated Tech Hub in Seattle to equip its IT staff with first-hand experience of emerging developments in cuting-edge technologies, such as AI and cloud.
Stock trading app Robinhood continues to build out its product suite, adding wealth management and private banking services, as well as an AI investment tool.
27 March 2025
AI-native AML compliance platform Flagright has raised a $4.3 million Seed round to fund international expansion.
Mercury, a provider of banking services for enterepreneurs and the tech industry, has secured $300 million in Series C funding at a $3.5 billion valuation.
Banks around the world paid $4.5 billion in major fines in 2024, with TD Bank accounting for two-thirds of the total after it pleaded guilty to violating US anti-money laundering federal laws.
The German government says it is not aware of any plans to accept Russia's demand to have banks readmitted to the Swift messaging system.
JPMorgan Chase researchers are claiming a quantum computing breakthrough, generating certified randomness.
26 March 2025
Donald Trump has ordered the US federal government to phase out the use of paper cheques and to centralise payment processing in an effort to crack down on fraud.
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