Joey Pizzolato

Wise grew its net revenue 19% year over year to $2.5 billion in its fiscal 2026, aided by increased deposits, cross-border volume and spending on the Wise card. It's the latest sign that interest in cross-border payments and multicurrency accounts is heating up.

BNY, Huntington Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a that have backed the new stablecoin venture called Open Standard. Open Standard will issue a dollar-backed stablecoin, Open USD, later this year.

Key insights : Courts in Sweden told Google to pay price comparison website and Klarna subsidiary PriceRunner nearly $2 billion after the court found that Google favored its own price comparison service.

Key insights : Adyen said that Senior Vice President of Group Finance Hwa Tsao would become the company's interim chief financial officer following the departure of CFO Ethan Tandowsky at the end of August.

Key insights : Large banks are committing billions of dollars to fund the construction of data centers.

Data centers, physical facilities that house networked computers, servers and data storage equipment, are the physical technology backbone to banks' operations, branches, trading floors and online and mobile services.

The buy now/pay later lender and aspiring neobank submitted applications this morning with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish Klarna Bank, an industrial bank.

Key insights : Some of the country's largest banks are reportedly considering buying a Fiserv-owned debit card network as a workaround to interchange

Seventeen banks, including BNY, Citi, HSBC, Standard Chartered, and Wells Fargo, are preparing to test live, tokenized cross-border payments on Swift's ledger.

Key insights : Bangkok-based The Siam Commercial Bank will use Citi's 24/7 clearing and tokenized deposit service, the first financial institution