Search results for U.S. Bank
Finance
Finance network separation rules eased, fueling 140 trillion won fintech investment
South Korea\'s financial authorities expanded the scope of eased network separation rules for AI use to secondary financial institutions and electronic financial business operators. The number of firms to be selected rises to as many as 15, and eligibility thresholds are lowered. Selected institutions can use external AI and security SaaS after putting alternative controls in place. Industry expectations are mixed, with some firms cautious. Global fintech investment rose to $103.1 billion in the first half, with focus expected to shift to AI and financial infrastructure.
Crypto
Citi to launch bitcoin custody service, integrate with stock and bond platform
Citi will start offering bitcoin custody services for institutional clients within this year, Cryptopolitan reported. Citi said it plans to incorporate bitcoin into Custody+, the platform its Investor Services unit uses for traditional securities. Clients will be able to view and manage traditional holdings and bitcoin in one place. The bank said the service operates on a single framework shared by tokens and traditional securities and includes features such as real-time services and instant settlement.
Crypto
Crypto card daily spending hits record high as Visa network and regulatory overhaul drive growth
Daily spending on cryptocurrency payment cards hit a record $36.82 million on July 20. Data showed usage has roughly tripled over the past year even as major crypto prices moved sideways. KAST led daily card payments with $13.64 million, briefly overtaking Hong Kong stablecoin payments firm RedotPay, though the lead flipped back within 24 hours. Market participants cited regulatory clarity and Visa network access as key drivers, while some attributed the spike to KAST incentives.
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Finance
Klarna applies to set up U.S. bank subsidiary to expand consumer finance beyond BNPL
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AI & Enterprise
AI marketing automation startup Gradial raises $65 million in Series C funding
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AI & Enterprise
JPMorgan pursues AI agents to work autonomously for 1 to 2 hours, expanding \'digital employees\'
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Crypto
XRP runs alone as clash over U.S. Clarity Act intensifies
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AI & Enterprise
Minnesota to allow banks, credit unions to offer crypto custody services
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Crypto
Standard Chartered sees RWA tokenisation market growing to $4 trillion by 2028
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Finance
KOSPI nears 8,000 as AI moves into financial front lines
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Crypto
Ethereum-based tokenised U.S. Treasury market tops $8 billion
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Finance
Stablecoin race for control spreads, KOSPI nears 7,000
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Crypto
BlackRock set to list covered-call bitcoin ETF as BITA, listing expected this month
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Crypto
Stablecoin regulatory uncertainty could hit banks harder
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Crypto
Revolut renews push for U.S. banking licence, appoints new U.S. CEO
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Crypto
Latin American fintech Nubank wins conditional approval to set up U.S. national bank
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Crypto
Stablecoins pose real threat to bank deposits, Standard Chartered report says
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Crypto
60 percent of top U.S. banks have adopted or plan Bitcoin