The post AI Strategy Banking: Revolut’s Unified Model Innovation appeared on BitcoinEthereumNews.com.
Revolut has built something that most banks are still sketching on whiteboards. The fintech giant’s proprietary AI foundation model, PRAGMA, doesn’t just automate isolated tasks — it understands the full arc of a customer’s financial life, from their morning coffee transaction to their investment portfolio, and uses that unified picture to make smarter decisions across every function simultaneously. That’s a fundamentally different approach to AI strategy in banking, and the numbers behind it are hard to ignore. Key takeaways PRAGMA is Revolut’s proprietary AI foundation model, trained on 40 billion events and interactions with 25 million users, now serving over 70 million customers. The model improved fraud detection by 64.7%, credit risk prediction by 16%, and product recommendations by 41%. Powered by 200 NVIDIA H100 GPUs, PRAGMA runs as a single shared model where gains in one func
The post Bitpanda Launches 20x Margin Trading on Real Stocks and ETFs — a First for Europe appeared on BitcoinEthereumNews.com.
Most leveraged stock products in Europe are CFDs — synthetic contracts where you never actually own the underlying asset, capped by regulators at 5x for retail traders. As of today, July 8, 2026, Bitpanda is doing something the European market hasn’t seen before: leverage on real stocks and ETFs. The Vienna-based fintech is expanding its offering with margin trading for stocks and ETFs, letting users trade more than 875 securities with leverage of up to 20x. The key difference from every CFD provider out there — you’re buying into the actual underlying assets, not betting on a price feed. What is Bitpanda Margin Trading on Real Securities? At its core, margin trading means borrowing capital to open a position larger than your own funds allow. 20x means that someone putting in €500 controls a €10,000 position — and gains and losses multiply accordingly. What se
The post iFX EXPO Asia Returns to Hong Kong in 2026 at the Hong Kong Convention and Exhibition Centre appeared on BitcoinEthereumNews.com.
iFX EXPO, the world’s leading B2B event series for the online trading industry, returns to Hong Kong from 7 to 9 October 2026. Following the success of last year’s return to the city, this year’s edition enters a new chapter as it moves to the Hong Kong Convention and Exhibition Centre (HKCEC), bringing together the online trading, fintech and financial services community in one of Asia’s leading financial hubs. Building on the momentum of last year’s event, the move to HKCEC reflects the continued growth of iFX EXPO Asia and the increasing importance of Hong Kong as a gateway to the Asia-Pacific region. As one of the world’s leading international financial centres, Hong Kong offers access to established financial institutions, rapidly growing fintech and digital asset ecosystems, deep capital markets and a thriving international business community,
The post Kraken Pursues European Banking License in Lithuania appeared on BitcoinEthereumNews.com.
Key Highlights Kraken is pursuing comprehensive banking authorization in Europe, with Lithuania identified as the target jurisdiction Success would make Kraken the sole cryptocurrency exchange holding a European banking license The strategy mirrors the approach taken by Revolut, which secured licensing from Lithuania’s banking regulator in 2018 The exchange currently operates with MiCA credentials via Ireland and holds a MiFID license through Cyprus In early 2026, Kraken Financial achieved a milestone by becoming the first cryptocurrency company to connect with the Federal Reserve’s payment systems Kraken, a leading global cryptocurrency exchange, is actively pursuing full banking authorization within Europe. According to sources with knowledge of the matter, the platform has set its sights on Lithuania as the preferred location for this regulatory milestone. Crypto exchanges are no longe
The post Sri Lanka backs hybrid cloud system; Mauritius boosts fintech plans appeared on BitcoinEthereumNews.com.
Homepage > News > Business > Sri Lanka backs hybrid cloud system; Mauritius boosts fintech plans African countries Sri Lanka and Mauritius are working towards digital transformation in finance and the economy, with Sri Lanka advancing its plans for a hybrid sovereign cloud infrastructure while Mauritius is launching its National Fintech Strategy to drive financial inclusion and sustainable economic growth. Sri Lanka aims to develop hybrid sovereign cloud strategy Sri Lanka is exploring a hybrid sovereign cloud system as it works to develop its digital economy, with officials saying that sensitive government and financial data must remain within the country’s legal jurisdiction. At the “GROUNDED: Local Data Sovereignty Cloud Summit” in Colombo on June 17, Deputy Minister of Digital Economy Eranga Weeraratne said that Sri Lanka is shifting toward a sovereign cloud framework f
Tether's investment in Mercado Bitcoin could accelerate Latin America's digital finance evolution, challenging existing fintech dominance.
The post Tether invests $20M in Mercado Bitcoin to expand stablecoin footprint across Latin America appeared first on Crypto Briefing.
The deregulatory push may boost US fintech and crypto sectors, reversing talent and capital outflow, but execution remains a significant hurdle.
The post Trump administration moves to eliminate over 700 federal regulations, signaling friendlier crypto climate appeared first on Crypto Briefing.
The post Crypto exchange Kraken is trying to become a bank in Europe appeared on BitcoinEthereumNews.com.
Kraken, the cryptocurrency exchange planning to go public in the U.S., is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction to secure it, according to a person familiar with the plans. If the firm gets the license, Kraken would be the only crypto exchange to have such a designation. It will also tread the same regulatory path as fintech major Revolut, which holds a specialized European banking license issued in 2018 and regulated by the Bank of Lithuania. This allowed Revolut to offer full current accounts, consumer lending, and stock trading across the European Economic Area (EEA). Kraken declined to comment on the plans. A spokesman for the Bank of Lithuania said the licensing process of financial market participants is confidential. Other fintech firms holding a banking or specialized bank license in Lithuania include Mano Bank, PayRay, Eur
KAST's ToS controversy underscores the risks of custodial crypto models, highlighting potential user vulnerability and trust issues in fintech.
The post KAST faces backlash over Terms of Service after EtherFi CEO feud appeared first on Crypto Briefing.
