‘DeFi’ decentralization promise is an illusion, BIS chief says
Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of...
Bank of America launches cash-forecasting tool for businesses
Bank Of America Corp. created a forecasting tool that allows businesses to better manage their use of cash. The service...
London’s fintech boom opens the door for dirty money
A 10-minute walk from the Bank of England, on the eastern edge of the City of London, lies a gateway...
Super apps way forward for big Indian shadow banks, Shriram says
Indian shadow lender Shriram City Union Finance Ltd. is building a so-called super app to offer various financial products on...
Santander rushes to recoup £130 million mistakenly paid out to U.K. accounts
Banco Santander SA is racing to retrieve 130 million pounds ($175 million) paid out to thousands of British customers in...
Crypto Altcoin BNB smokes Bitcoin and Ether with 1,300% gain this year
This year, the old guard of cryptocurrencies lost ground to tokens with greater returns. Researchers predict the trend may continue....
Blockchain-based startup figure creates platform for raising equity
Figure Technologies Inc., the startup co-founded by Mike Cagney, created a platform to help private companies raise and trade equity...
Amazon’s AWS restores service after third outage in a month
Amazon.com Inc.’s online services business suffered at least its third outage in the past month, knocking a number of websites...
Credit unions seek regulator approval to hold crypto assets
Credit unions are looking for approval to hold digital assets like Bitcoin directly, after a federal regulator clarified they can...
BMO agrees to buy BNP’s Bank of the West for $16.3B
Bank of Montreal agreed to buy BNP Paribas SA’s Bank of the West unit for $16.3 billion (C$21.1 billion), extending...
