Maybank, one of nine new BLOOM participants, already runs one of Bank Negara Malaysia’s three ringgit stablecoin and tokenized deposit pilots, while Thailand’s Kasikornbank was […]
Tag: banks
HSBC rolls out its firststablecoin to over 3 million everyday app users
HSBC debuted its first stablecoin, RedCoin, a Hong Kong dollar token that’s being rolled out onto its PayMe app. The token, which uses the ticker […]
JPMorgan Chase, Wells Fargo and Bank of America Detect Unauthorized AI Agents Accessing Customer Accounts: Report
Major U.S. banks are moving to block AI agents after finding unauthorized bots working inside customer accounts. Some of those agents have tried to take […]
UK Banks Hit With 10,092 Crypto Complaints as Lloyds Leads Tally
UK banks got slammed with 10,092 complaints about crypto transfer restrictions during a single 90-day window. That’s a lot of angry customers. Why It Matters […]
Goldman Sachs, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
Wells Fargo, meanwhile, is already processing cross-border payments using tokenized deposits, with money reaching beneficiary accounts in two minutes or less. “This is in production, […]
Banks could slow stablecoin growth by paying savers more, BIS paper finds
The findings add evidence to a debate that has drawn warnings from bank executives. Bank of America CEO Brian Moynihan warned in January that as […]
Payward targets EU banking license with acquisition of $190M-asset Saldo Bank
Payward, the parent company of crypto exchange Kraken, said it agreed to acquire Lithuania-based Saldo Bank for an undisclosed amount, giving it a European Union […]