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PITTSBURGH–PNC Bank has plans to convert roughly 60% of its branches nationwide over the next five years to a new technology-focused model that eliminates teller stations and instead concentrates on offering financial advice, according to a new report.

SAN FRANCISCO—Visa said it is now partnering with Fundbox, an embedded working capital platform for small businesses.

DALLAS—Moneygram is getting ready to launch a service in partnership with the Stellar blockchain that would allow users to send stablecoins and convert them to hard currency.

NEW YORK–Could the development of digital currency and payments technologies change how the Federal Reserve conducts monetary policy as well as the composition of its balance sheet?

LONDON—Cryptocurrency exchanges should lose their licenses in case of severe breaches of anti-money laundering (AML) rules, regulators in the European Union have recommended in a new report.

WASHINGTON— Credit union loans outstanding increased 1.9% in April, compared to a 1.8% increase in March of 2022 and a 0.5% increase in April of 2021, according to CUNA’s latest Monthly Credit Union Estimates.