Voluntary AML initiative could improve crypto’s optics: A group of firms is self-regulating to help companies comply with US laws covering fund transfers between financial institutions’ customers.
Crypto mining keeps working on its environmental problem: ConocoPhillips is running a pilot program to sell natural gas that it would have otherwise burned away to a bitcoin processor.
BofA posts soaring digital-engagement stats: Surges in retail banking, wealth management, and payments, including some triple-digit growth, connect degree of engagement with profitability.
JPMorgan has established a presence in the blockchain-based virtual world Decentraland and published a report on opportunities within the sector.
Binance’s SEC probe highlights crypto exchanges’ potential conflicts: The US regulator is looking into the relationship between the company’s stateside division and a pair of market-making firms controlled by its founder.
The firm can use its blockchain expertise to offer faster, cheaper remittances, which may put more pressure on incumbents to digitize.
U.S. Bank jumps into earned-wage access: It’s partnering with Payactiv to let its customers’ employees tap portions of their paychecks early, as several payroll fintechs already do.
The UK-based neobank can now jump into Australian lending and it has acquired an Indian company that offers multicurrency accounts and remittances. But what does it all add up to?
ACI PayAfter integrates more than 70 BNPL options into a single solution for merchants.