Wyoming’s Stablecoin Opens for Business, Seeking Users
Wyoming has officially launched its Frontier Stable Token (FRNT), becoming the first public entity in the U.S. to issue a blockchain-based stablecoin. The state says the token will enable instant transaction settlement and lower fees, though it remains to be seen which use cases will take hold. During a trial period, Wyoming used the token […]
Alaska Airlines Joins the Premium Credit Card Movement
Attracting affluent customers has become a top priority for credit card issuers. To capture this segment, Alaska Airlines is launching a luxury credit card and ramping up its loyalty program. The airline’s Atmos Rewards Summit Visa Infinite card, a co-branded effort with Bank of America, carries a $395 annual fee and offers benefits like discounted […]
How Conversational AI Can Drive Banking Relationships
As more financial institutions adopt chatbots to converse with their customers, the numbers reveal not just cost savings but increased efficiency. Galileo Financial Technologies, the technology platform behind SoFi, has seen significant improvements—such as response times improving by 65% and a 50% reduction in chat drop-offs—when customers interact with an intelligent digital assistant. These developments […]