Banking


Markets

UK’s Starling Bank to Lift Ban Blocking Payments to Crypto Exchanges in 3 Weeks

The temporary ban was in response to concern about “high levels of suspected financial crime” associated with such payments.

London at sunset.

Finance

What ING Bank Might Steal From DeFi

ING blockchain lead Mariana Gomez de la Villa said Ethereum’s composability could inform the next generation of banking services.

ING Headquarters

Policy

Nebraska Legislature Approves Framework for Digital Asset Banks

If signed by the governor, the legislation would create a state charter for crypto banks.

Nebraska's State Capitol in a 1924 postcard.

Finance

Diddy, Haddish, Durant Revealed as Investors in Crypto-Powered Banking App Eco

The finance app’s $26 million March round scored investments from athletes, A-listers and entertainers.

Sean "Diddy" Combs attends the Million Dollar Bowl at The Dome Miami, Feb. 3, 2020.

Finance

Figure Raises $200M, Valuing Blockchain Mortgage Firm at $3.2B

The investment was led by 10T Holdings and Morgan Creek Capital Management and included contributions from new and existing investors.

Figure Markets CEO Mike Cagney (Figure)

Markets

New OCC Chief Signals Greater Caution on Crypto

"We created an Office of Innovation, updated the framework for chartering national banks and trust companies, and interpreted crypto custody services as part of the business of banking. I have asked staff to review these actions," Acting Comptroller Michael Hsu said.

Former Acting Comptroller of the Currency Brian Brooks

Finance

Banking Software Provider Temenos Brings Crypto Asset Access to Clients

An integration with crypto firm Taurus will bring a variety of digital assets to Temenos’ banking and institutional clients.

Geneva, Switzerland

Policy

FDIC Chief Says Agency Wants to Know More About Digital Assets

"At the FDIC we have been watching [digital asset] developments closely, and plan to issue a request for information to learn more," Jelena McWilliams said.

Jelena McWilliams, head of the Federal Deposit Insurance Corp.

Finance

MakerDAO on Collision Course With Banking Regulators

As MakerDAO rolls out real estate loans, banking regulators are unlikely to ignore DeFi banks, our columnist says.

Breno Assis/Unsplash

Finance

DeFi More Disruptive to Banks Than Bitcoin, Says ING

ING’s deep dive into DeFi includes a case study of lending platform Aave.

ING Bank, Netherlands