Singapore Fines Banks Over $2bn Scandal

Singapore’s financial regulator has issued its second-largest collective fine, totalling S$27.45 million (US$21.5 million), against nine banks and wealth managers, including UBS, Citi, and Julius Baer. The action follows a major money-laundering

Tech Tycoons Plan Erebor Crypto Bank

A group of high-profile tech billionaires is preparing to launch a new bank called Erebor, aiming to fill the void left by the collapse of Silicon Valley Bank in 2023. The venture

Stripe Expands Pay-by-Bank to EU Giants

Stripe has deepened its partnership with open banking provider TrueLayer, expanding their pay-by-bank solution into France and Germany as demand for seamless, card-free payments grows across Europe. The move builds on the

ING Accelerates AI Rollout to Transform Operations

ING Bank is intensifying its investment in agentic artificial intelligence (AI) to reshape its operational backbone, with transformative projects already under way in transaction monitoring, customer due diligence (KYC), and mortgage processing.

BBVA Launches Digital Bank in Germany

Spanish banking group BBVA has launched a new digital bank in Germany, expanding its footprint beyond corporate and investment banking to target everyday retail customers in one of Europe’s largest financial markets.

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