BBVA is working with Binance to provide the crypto firm’s customers with off-exchange custody, according to the Financial Times.

Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.

Failure to adapt to consumers’ increased use of AI could see banks lose as much $170bn, according to a report from McKinsey.

Crypto platform Kraken has rolled out the Krak card, a multi-asset debit card for fiat and crypto payments.

Payments orchestration platform Modern Treasury is expanding into stablecoins through the acquisition of Beam. Financial terms of the deal were not disclosed.

Nasdaq has launched Marketplace Services Platform, making it easy to exchange assets, services and information across market ecosystems.

Cloud security company Lookout has uncovered nearly 300 loan apps circulating on Apple’s App Store and Google Play that exhibit predatory behavior, such as exfiltrating excessive user data from mobile devices and harassing borrowers for repayment.

GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.

The New York State Senate has passed a bill establishing a moratorium on cryptocurrency mining using carbon-based power sources.

Climate fintech Doconomy has raised EUR34 million in a Series B funding round co-led by CommerzVentures and the venture arm of UBS.

The Consumer Financial Protection Bureau (CFPB) has charged the US’s largest credit union for illegally charging users overdraft fees.

The Federal Reserve is exploring the introduction of a “skinny” master account that would give access to basic Fed payment services to fintechs and other providers that currently have to work with third-party banks, says Governor Christopher Waller.