Stablecoin issuers now hold U.S. Treasuries at scale. Here's how yield laws, bank charters, and vertical integration are ...

The financial industry is evolving faster than many predicted even five years ago. In my daily conversations with both ...

Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets on artificial intelligence to downsize middle and back offices, ...

A top banking regulator is on the verge of letting crypto firms become banks. Banks aren’t happy about it. Jonathan Gould, one of the country’s most powerful banking regulators, has given the green ...

Since its inception in the 1960s, COBOL (Common Business-Oriented Language) has served as the backbone of global financial transaction systems. Valued for its stability and efficient processing ...

CLPS recently achieved a milestone by completing a Proof-of-Concept (PoC) for a major bank in Hong Kong. The project demonstrated AI-enabled migration could rapidly and accurately convert COBOL code ...

Crypto just took a big step closer to becoming integrated into the mainstream financial system. Kraken’s banking unit has won access to the Federal Reserve’s core payment systems, making it the first ...

Stablecoins that offer interest-bearing rewards may increasingly resemble bank deposits. But unlike traditional deposits, they lack the regulatory safeguards that undergird the banking system. That ...

The world of high finance is moving toward a future where the ledger never sleeps. Barclays, a pillar of British banking for more than three centuries, is reportedly the latest institution to look for ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of payments. This voice experience is generated by AI. Learn more. This voice experience is generated by ...

In a conversation with CNBC, Marco Argenti, Goldman Sachs' chief information officer, said the bank has spent six months working with embedded Anthropic engineers to co-develop agents based on Claude ...