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Five major banking industry groups have formally requested the Securities and Exchange Commission (SEC) to repeal its cybersecurity incident disclosure rule, arguing the regulation undermines national security efforts and creates more problems than it solves. The American Bankers Association led the

European Union antitrust regulators have expanded their investigation into Visa and Mastercard's fee structures, distributing questionnaires to terminal providers and payment companies as scrutiny intensifies over potential anti-competitive practices by the two dominant card processors. The probe, w

Native AI banks—built from the ground up around artificial intelligence—are automating customer service, credit, compliance, and more. Just look at how trailblazers like Catena Labs, One Zero, Bunq, WeBank, and CITIC aiBank are redefining global finance and challenging traditional banks. AI in finan

Moody's Investors Service downgraded the long-term ratings of JPMorgan Chase, Bank of America and Wells Fargo on Monday, a direct consequence of the agency's earlier decision to lower the United States' sovereign credit rating due to concerns over the nation's escalating $36 trillion debt. The ratin

Revolut, one of Europe’s largest digital banks, is advancing a multi-billion dollar strategy to deepen its footprint in the European Union by targeting France as its next operational hub. The UK-based fintech firm announced plans to invest over €1 billion (approximately $1.1 billion) into its French