Kraken first crypto bank to get ‘skinny’ Fed master account
Key insight: The Kansas City Fed granted Kraken Financial a limited-purpose master account, making it the first digital…
Payoneer seeks bank charter for new stablecoin | PaymentsSource
Key insight: Payoneer has applied for a national trust bank charter to establish PAYO Digital Bank, N.A., allowing…
1.2 million French bank accounts exposed in breach
Key insight: Hackers compromised France’s centralized FICOBA database using stolen government credentials, exposing 1.2 million accounts.Supporting data: The…
Betterment data breach exposes 1.4 million customers
Key insight: Threat actors likely used “vishing” or voice phishing to compromise IT support at a third-party vendor,…
UK cyber tests show banks’ struggle with cybersecurity basics
Key insight: Unlike the U.S. focus on tabletop exercises, U.K. regulators mandate live-fire attacks on actual bank systems…
Appeals court sides with Federal Reserve in Custodia Bank case | PaymentsSource
Custodia Bank, a Wyoming special purpose depository institution providing digital asset custody and other crypto services, has just…
How AI could change the work of bank CEOs
Banks have long touted generative AI’s possible benefits for client service or internal operations, but financial institutions are…