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Know your customer (KYC): definition, us...

The Know Your Customer (KYC) rule requires financial institutions to verify the identity of customers to prevent fraud and terrorism. Establishing a risk profile for each client from the start of the business relationship with him is a key element. Continuous monitoring of customer transaction standards helps detect suspicious activity. Loading Something is loading. The […]

QIB receives 4 prestigious awards at the...

Doha, Qatar – Qatar Islamic Bank (QIB) has received 4 awards from the Middle East Economic Digest (MEED) MENA Banking Excellence Awards 2022 in recognition of its outstanding performance in retail and digital banking. Thanks to its comprehensive client offering and focus on optimizing and digitizing its banking operations, QIB was named “MENA Retail Bank […]

Bloom Bank Gambia Launches Digital Banki...

Bloom Bank Gambia limited one of the leading banks in the banking industry on Thursday, June 23, 2022, officially launched its latest digital banking system technology. The launch was well attended by stakeholders from commercial banks, the Deputy Governor of the Central Bank of The Gambia, representatives of loyal customers from the Gambia Bankers Association […]

Bank Bites – June 2022 | Bryan Cave Lei

In June, the Court of Appeal expanded the scope of a bank’s duty of care to protect its customers from fraud to encompass instructions from persons other than agents of a bank customer. However, the English courts have once again examined the scope of this Quincecare obligation and this latest judgment sheds light on how […]

V Bank consecutively wins Mobile Banking...

V Bank, Nigeria’s first all-digital bank, powered by VFD Microfinance Bank, won Mobile Banking App of the Year at this year’s GAGE ​​Awards held at the prestigious Eko Hotel & Suites , Victoria Island, Lagos, June 11, 2022. The third edition of the award, titled “Embracing the Digital Era”, is a comprehensive celebration of individuals […]

From community banking to community deve...

Juneteenth is a day like no other. It is both a celebration of freedom and a reminder of the work that remains to be done to create a more equitable society. So, as we celebrate Juneteenth this year, now is the time to harness what unites us and help bring about change that benefits all […]

Metaprise: Most Popular Commerce Online ...

Renowned Commerce Online Banking Platform – Metaprise, which offers a secure and easy-to-use payment method for business owners to make and receive payments from customers around the world, is about to launch. announce new payment link feature Metaprise, a reputable and very popular business online banking in the United States today announced a new Pay […]

Equity takes the lead in providing conve...

The digital banking landscape continues to evolve with growing consumer demand for more convenient and efficient ways to access banking services and manage their finances anywhere and anytime outside of bank branches. We have seen, in the wake of the current pandemic, virtual banking services take center stage in the banking space. A Kenya Bankers […]

After bank protests, Covid app ‘blocks’

Residents get dabbed during mass COVID-19 testing in Beijing’s Chaoyang district on Tuesday, June 14, 2022. Photo: AP HIGHLIGHTS Kaifeng’s New Oriental Country Bank, Zhecheng Huanghuai Community Bank, Shangcai Huimin County Bank and Yuzhou Xin Min Sheng Village Bank froze customer deposits in April Customers travel to Zhengzhou to collect their money ever since A […]

Frost Bank eliminates NSF fees and exten...

Diving Brief: Frost Bank, one of Texas’ largest lenders, is eliminating the insufficient funds (NSF) fee and expanding its overdraft grace program, the bank said in a statement. A press release Monday. All customers with a personal checking account can withdraw $100 or less without incurring fees — not just those who meet a minimum […]

Prime Bank revamps online banking with M...

Prime Bank has revamped its mobile banking app and is launching MyPrime. With its convenient user interface, MyPrime comes with up-to-date features and cool features. The app’s user journey is designed to ensure maximum convenience and ease of use for customers. Customers can enjoy banking services (funds transfers, payments, statements, live chat, top-up, card and […]

Domestic economy: preparing for a possib...

Home prices could be hit by 15% due to rising rates: Desjardins The Canadian housing market is feeling the brunt of rising interest rates and slowing activity, but a report from Desjardins’ economics team says the burden won’t be heavy enough to break the market’s back. The report predicted that prices could fall 15% from […]

Western Union, Mambu partner on digital ...

In today’s top stories from Europe, the Middle East and Africa, Western Union is partnering with cloud banking platform Mambu to deliver digital banking products in Europe. In addition, the ADQ is launching a $100 million fund to promote technological innovation in Jordan, and the Swedish e-commerce platform Juni is raising $206 million. Western Union […]

Banks are teaming up with fintech compan...

Both danger and opportunity, fintech startups are a double-edged sword for the world’s biggest banks. Fintech companies, such as those that make it easy to lend money online, threaten traditional financial institutions by stealing from their consumers. However, fintech companies that help banks make better choices, increase efficiency, or serve consumers through digital channels offer […]

Well capitalized, liquid banking system:...

Image used for illustrative purposes. Inayat-ur-Rahman, Enterprise Editor Through the annual report, the UAE Central Bank expressed pride in its vital role in advancing the country’s efforts to contain the financial and economic challenges caused by the COVID-19 pandemic by applying a people-based approach. policies in the banking and insurance sectors, which are under its […]

‘Open Banking’ Ways Can Speed ​​Up UAE C

The Middle East is one of the fastest growing cryptocurrency markets, accounting for 7% of global trading volumes according to ChainAnalysis. It is estimated that the UAE transacts around $25 billion every year. Following the announcement of regulators in Dubai and Abu Dhabi governing virtual assets and cryptocurrencies, global players then entered the market. A […]

Suryoday SFB partners with Mobisafar Ser...

NEW DELHI : Suryoday Small Finance Bank (SFB) partners with Mobisafar Services to provide banking services through the latter’s network of franchisees and business correspondents across the country. Suryoday SFB is present in 13 States and Union Territories with over 565 bank outlets. This aims to expand digital banking services such as opening savings accounts, […]

Banks see first-mover advantage in adopt...

JPMorgan Chase released its Summer Reading List last month, an annual tradition for the bank that spans more than two decades. But this year, the bank took a slightly different approach, opting to make this year’s book collection available to visitors in the virtual lounge it set up at Decentraland in February. The move represents […]

Seacoast Banking Co. of Florida (NASDAQ:...

Seacoast Banking Co. of Florida (NASDAQ: SBCF – Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report released Wednesday, Zacks.com reports. The company currently has a target price of $39.00 on shares of the financial services provider. Zacks Investment ResearchThe company’s price […]

VyStar mobile and online banking issues ...

News4JAX continues to hear from VyStar members who are frustrated, tired and tired of waiting for issues with their new online and mobile banking platform to be resolved. VyStar branches closed Monday for Memorial Day, but credit union ATMs were open. On the VyStar website, connection times aren’t hampered by long wait times like they […]

Iran’s banking system funds USD 2.5 bill

(MENAFN) Iran’s banking system financed 669.4 trillion rials (nearly $2.585 billion) of services to 1,362 knowledge-based companies in the past Iranian calendar year 1400 (ending March 20), to record a 108.2% increase over the year before 1399. As mentioned in reports by the Mehr news agency, Bank Mellat accounted for the largest holding of funded […]

How API Bank Will Disrupt Indian Banking...

The financial services ecosystem is currently experiencing a series of disruptions brought about by new era fintech players. Banks in India have opened up their application programming interfaces (APIs), allowing third parties to build on them, innovate and offer new products and services. This evolution has led to a transformation in the way financial products […]

Banking and finance: before, now and aft...

The banking system before the 20th century Although the banking system already existed in the 19th century state, the government did not have much control over it as most of them were privately owned. However, in the late 1800s, JP Morgan took control of the situation and became the figurehead among existing merchant banks. JP […]

Traditional banking is obsolete: this cr...

Photo: UC Berkeley co-founders and other alumni: Aaron Bai (CEO) and Sahil Phadnis (CTO) This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice. For a very long time, banks have been tasked with helping people save, spend and transfer money without competition, allowing […]

Creation of the Tk100cr fund for mobile ...

Bangladesh Bank has set up a Tk 100 crore refinance scheme titled “Digital Microfinance” for customers of Mobile Financial Service (MFS) providers. The decision was taken at the last meeting of the central bank’s board of directors. According to bKash, the largest MFS provider in the country had already started this business by signing an […]

Columbia Banking System (NASDAQ:COLB) St...

Colombian banking system (NASDAQ:COLB – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Friday to clients and investors, Zacks.com reports. According to Zacks, “Columbia Banking System, Inc. is a registered bank holding company whose wholly-owned subsidiary, Columbia State Bank, is engaged […]

China’s banking watchdog says it is inve

What’s new: The main banking regulator and the central bank of China pay close attention to the case of four village lenders in Henan province who stopped offering online banking services, preventing non-local customers from transferring funds from their accounts, a representative of the China Banking and Insurance Regulatory Commission said on Wednesday. (CBIRC). The […]

Wall Street up on bank profits and stron...

U.S. stocks surged on Tuesday, with Citigroup leading a rally in bank stocks after Berkshire Hathaway reported strong interest in the company, and robust retail sales in April allaying concerns about slowing growth. Ten of the 11 major S&P sectors gained ground, with financials and technology both up 2%. Microsoft Corp, Apple Inc, Tesla Inc […]

Nigeria Bans Shell Banking

With the new Money Laundering (Prevention and Prohibition) Act signed by President Muhammadu Buhari, a citizen or foreigner can no longer make or accept payment in cash of an amount exceeding N5 million or its equivalent while a body corporate can no longer perform or pay the sum of N10 million or its equivalent. As […]

Report: Losses from strict cross-border ...

Overregulation slowed US job growth by 285,000 jobs between 2012 and 2018 McALLEN, Texas (border report) – The aggressive overregulation of cross-border banking regulations between the United States and Mexico costs billions of dollars in lost funds between the two countries and does little to stem the flow of illegal currency that is laundered each […]

Senate Banking Subcommittee Holds Hearin...

Last week, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection held a hearing entitled “Review of Overdraft Fees and Their Effects on Working Families.” A recording of the hearing is available here. Following opening statements from Subcommittee Chairman Raphael Warnock (D-GA) and Ranking Member Thom Tillis (R-NC), three witnesses testified and answered […]

BVNK recoups $40 million for its crypto ...

Starting Cryptocurrency BVNK (pronounced ‘bee-vee-en-kay’) closed a $40 million Series A funding round at a post-money valuation of $340 million. Interestingly, Tiger Global is leading the round despite grabbing headlines, as it suffered a $17 billion loss in this year’s tech stock sell-off. Other investors in today’s funding round include The Raba Partnership, Avenir, Kingsway […]

EBRD-led consortium acquires Egyptian no...

Founded in 2015, GlobalCorp is an Egyptian non-bank lender specializing in leasing and factoring solutions for corporate and small, medium and large enterprises. The Company’s leased assets include production lines, equipment and machinery, vehicles and commercial/industrial real estate, while the factoring product portfolio covers a range of short-term financing solutions. Since its inception, GlobalCorp has […]

Are you interested in investment banking...

The best feeder schools for investment banking. A career in investment banking can be extremely rewarding. Including salary and bonus, the average compensation for first-year analysts in 2022 is the average $142,000. But landing a job in investment banking isn’t easy, and it takes more than solid grades, especially if you’re hoping to work for […]

Review of Surrey Bancorp (OTCMKTS:SRYB) ...

Surrey Bancorp (OTCMKTS: SRYB – Get a rating) and the Columbia Banking System (NASDAQ:COLB – Get a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on the strength of their profitability, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings. Dividends Surrey Bancorp pays an annual dividend […]

Bank of America, JPMorgan and Goldman co...

Diving brief: Goldman Sachs and JPMorgan Chase consider covering travel costs for employees seeking out-of-state abortions, Bloomberg reported Thursday, citing anonymous sources. Bank of America is also considering such a policy, CEO Brian Moynihan told CBS Wednesday, adding that his company will have a discussion on the “difficult question.” Internal discussions of abortion policies at […]

Cambridge Wilkinson Investment Banking c...

NEW YORK, May 5, 2022 /PRNewswire/ — Cambridge Wilkinson (“CW”) is pleased to announce the closing of a $25 million leveraged finance facility for a long-time credit fund client, arranged by our division Fund financing. Cambridge Wilkinson A CW credit investor closed a $25 million loan on a loan leverage facility set up through our […]

The perfect culprit: crypto or the terro...

The Wall Street Journal featured a startling expose on Iran’s secret financial network used to circumvent US sanctions. Recent revelations about the Iranian regime have proven just how true this is. The clandestine network of trade and finance has allowed Iran to gain substantial leverage in talks with the United States, as the main tool […]

Rebellious Digital Banking Pioneers Leve...

MIAMI BEACH, FL (Photo by Cliff Hawkins/Getty Images) Getty Images Mortgage rates in the United States are rising rapidly, but a Miami startup is racing to securitize home loans with cryptocurrency. No deposit is required. Milo, a Florida-based digital bank, is now using digital coins to secure hard assets. The larger plan is to bundle […]

New banks, fake banks and dubious bankin...

May 01 (THEWILL) – A seemingly innocuous ‘war’ has been raging in the Nigerian financial services space for some time now: the ‘war’ to subdue the activities of mostly unlicensed and unapproved ‘banks’ of various shades that have practically invaded the banking sector. The “invaders” have been variously described as “online moneylenders”, “loan sharks”, “shylocks”, […]

SBP injects Rs3.565tn into the banking s...

KARACHI: The State Bank of Pakistan (SBP) on Friday injected a massive 3.565 billion rupees over a seven-day period at 12.30% through a reverse repurchase agreement, as liquidity was distorted on the Money Market. The SBP separately also conducted a Sharia-based open market operation (OMO) on the same day, injecting Rs 526 billion for seven […]

New economic analysis finds misplaced re...

Correspondent banking regulations between the United States and Mexico have become inefficient, misplaced, and economically harmful Tweet that Correspondent banking is the provision of services by a financial institution to another financial institution, including its subsidiaries, in different countries. A correspondent bank acts as an intermediary or agent, facilitating banking services on behalf of another […]

Will green bonds exceed $1,000,000 this ...

The size of the green bond market will surpass $1 trillion by the end of this year, according to NN Investment Partners (NN IP). The asset management group – recently acquired by Goldman Sachs – said recent European Union regulations had encouraged a significant shift towards investments aimed at achieving net zero goals and tackling […]

Taiwan’s Cathay United Bank Goes Live wi

Taiwan’s Cathay United Bank has implemented Avaloq’s core banking solution. The bank has deployed the Avaloq Core platform The Swiss provider says its Avaloq core platform will support the bank’s continued growth as it seeks to meet growing demand for private banking from high net worth individuals in Taiwan. Avaloq’s managing director for North Asia, […]

Lebanese banking group rejects latest dr...

BEIRUT (Reuters) – The Association of Banks in Lebanon said on Saturday it “totally rejects” the government’s latest draft financial recovery plan intended to pull the country out of economic collapse. In a statement shared with Reuters, the ABL called the plan “disastrous” and said it would leave banks and depositors to bear the “major […]

CFPB, New York AG sues MoneyGram

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James filed a civil lawsuit on Thursday against money transfer service provider MoneyGram International, alleging the company repeatedly violated consumer financial protection laws. The lawsuit claims the money transfer company blocked customers when it failed to quickly deliver funds to overseas recipients. MoneyGram’s […]

Meridian Corp. : Dependence on mortgage...

courtneyk/E+ via Getty Images Meridian Company (NASDAQ: MRBK) is highly dependent on mortgage bank income; therefore, the normalization of mortgage refinancing activity this year will significantly hurt earnings. On the other hand, loan growth, excluding Paycheck Protection Program loans, will support the bottom line. Overall I expect Meridian Corporation to report earnings of $3.94 per […]

Risks for the Saudi banking sector to re...

Despite prospects for rapid expansion over the next 12 to 24 months, risks to the stability of the banking system in the Kingdom of Saudi Arabia (Saudi Arabia) will remain contained, S&P Global Ratings said. “We expect the improvement in Saudi Arabia’s GDP growth and fiscal trajectory to continue, linked to the country’s exit from […]

Cybercriminals do their homework for the...

A new social engineering scam is doing the rounds, and this one is particularly insidious: tricking users into sending money to what they think is their own account to reverse a fraudulent charge. The FBI’s Internet Crime Complaint Center released the warning, which she claims involves cybercriminals who have definitely done their homework. “In addition […]

FHFA Suspends Foreclosure for Borrowers ...

United States: FHFA suspends foreclosure for borrowers seeking HAF assistance April 11, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. On April 6, 2022, the Federal Housing Finance Agency (“FHFA”) announcement that Fannie Mae and Freddie Mac will […]

Notable commercial banking executives: M...

In 2021, Margaret Capper partnered with the Southeastern Wisconsin Latin American Chamber of Commerce to create a revolving loan fund that helps Latin American businesses borrow funds to start and grow their businesses. The loan fund allows entrepreneurs to borrow under the revolving loan program to advance their business goals. Capper, who is senior vice […]

Banking and financial fraud lawyers Giam...

UK: Banking and financial fraud lawyers Giambrone & Partners are recovering £25,000 for customers defrauded through a watchdog. April 08, 2022 Giambrone & Partners To print this article, all you need to do is be registered or log in to Mondaq.com. The latest report from Victims Commissioner states more than […]

Today’s SEC Review Priorities, Tomorrow’

To print this article, all you need to do is be registered or log in to Mondaq.com. To complement a series of quarter-end announcements from the U.S. Securities and Exchange Commission (SEC), the Examinations Division (Examinations) announcement its review priorities for 2022 on March 30, 2022. These priorities reflect SEC Chairman Gary Gensler’s stated view […]

Zopa Bank achieves profitability within ...

Zopa Bank achieves profitability within 21 months of obtaining its full banking license with a potential IPO on the cards later in the year Zopa Bank only obtained a full banking license in the summer of 2020 Before entering the banking sector, the group pioneered loans between individuals A recent £220m fundraise secured the company […]

Banking director urges prudent financial...

Ms. Ramat Ebella Ellis, Banking Executive called on African financial systems to integrate large players in the informal sector in the development of financial investment portfolios as a means of lifting people out of poverty. Ms. Ellis, an investment adviser at the Center for Greater Impact in Africa (CGIA), told Ghanaian news agency Tema Industrial […]

What are the banking implications?

What is authorized push payment fraud? Authorized push payment fraud, or APP fraud as it is often called, is a common type of fraud that occurs when the fraudster tricks the unwitting victim into asking their bank to often transfer large sums of money under false pretenses on the fraudster’s account. . The fraudster will […]

Gillibrand Reintroduces Postal Banking A...

WASHINGTON — Nearly one in five American adults don’t have a bank account or don’t have the type of account they should have access to, and Senator Kirsten E. Gillibrand is working to bring banking back to the Postal Service American. On Wednesday, Sen. Gillibrand, DN.Y., announced the reintroduction of her Postal Banking Act, which […]

Industry Trends, Share, Size, Demand – F

According to the latest report of the IMARC group, entitled “Core Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market showed strong growth during the period 2015-2020. Basic banking software helps in processing day-to-day banking transactions, such as posting account updates. It also helps manage loans, open new […]

Sustainable banking is a necessity in Ne...

KATHMANDU, MARCH 26 FMO, a Dutch entrepreneurial development bank with more than 50 years of expertise in sustainable private sector investments in emerging markets, has worked since the late 1990s to empower Nepalese entrepreneurs by providing them with loans and outlets. of participation for the environmental and social management system. It took a stake in […]

Tax Exemptions for Offshore Fund Managem...

India: Tax Exemptions for Offshore Fund Management and Offshore Banking at IFSC|Union Budget 2022 March 23, 2022 King, Stubb and Kasiva To print this article, all you need to do is be registered or log in to Mondaq.com. Since 1991, India has made serious progress towards the policy of economic liberalization and […]

5G technology to stimulate the banking r...

BY BUSINESS REPORTERZIMBABWE’s financial services industry has an opportunity to tap into the multi-billion dollar tech market if it leverages the new 5G network in its digitization drive to increase efficiency, promote financial inclusion and prevent fraud , said an industry expert. Managing Director of Global Renaissance Investments, Ngoni Dzirutwe, said with the mobile sector […]

UK-based clearing and integrated banking...

ClearBank CEO Charles McManus | Image credit: ClearBank Based in London ClearBankthe UK’s largest next-generation integrated banking and clearing platform, announced on Monday that it has raised £175 million (nearly €208.41 million) in a new round of funding. The funding round was led by funds advised by Apax Digital, the growth equity arm of Apax. […]

Cash Management System Market Size, Scop...

New Jersey, United States,- the Cash Management System Market is carefully analyzed in the report with a focus on market dynamics including key issues and challenges, drivers, trends, and opportunities. The report includes an in-depth analysis of key market players to understand the utilization of the key strategies adopted in the Cash Management System market. […]

Lloyds Banking Group (NYSE:LYG) Price ta...

Lloyds Banking Group (NYSE: LYG – Get a rating) saw its price target reduced by stock analysts to JPMorgan Chase & Co. from GBX 63 ($0.83) to GBX 56 ($0.73) in a report released on Monday, Fly reports. Several other research analysts have also recently weighed in on LYG. Zacks Investment Research upgraded Lloyds Banking […]

Tech-based lenders bet on banking syaria...

JAKARTA, March 13 (The Straits Times/ANN): New tech-based lenders are enthusiastically tapping bank syariah in Indonesia, betting on an underpenetrated market with a potential customer base of 45 million in a country with the largest population Muslim in the world. The rate of such banking in Indonesia is only 7%, dwarfed by 29% in Malaysia […]

WV House Passes Bill That Would Allow Tr...

The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Russia sanctions extend further to banki...

Sanctions against Russia extended further to banking and hospitality on Thursday as US Treasury Secretary Janet Yellen warned of new financial sanctions against Moscow for its invasion of Ukraine. Meanwhile, Russian President Vladimir Putin has warned that Western sanctions against his country will destabilize global energy and food markets, promising his country will emerge stronger […]

Banking on women’s businesses to break d

March 8and, the world celebrates International Women’s Day. This year, the world is focused on marching to break down gender bias. However, as we enter the day, there are signs that celebrations should remain subdued as many women have recently suffered traumatic shocks to their economic circumstances, primarily due to COVID-19. Unfortunately, the industries that […]

Blocking of Mastercard and Visa in Russi...

Consumers will still be able to use Mastercard and Visa-branded cards for domestic transactions in Russia, the country’s state-backed payments network has said, reducing the impact of US companies’ decision to withdraw services following a the invasion of Ukraine. Russian payment system Mir said cardholders always be able to access their fundsmake domestic withdrawals and […]

I still plan to retire at 65 and am bett...

I don’t want the government telling me when I can retire, and I think by investing in UK stocks I can take the decision into my own hands. I count on the FTSE100 and FTSE250 to build the wealth I need to stop working at a time of my choosing. The legal retirement age is […]

Tijoree Launches Smart & Gamified Bankin

Tijorée simplifies payments and offers teens a convenient way to develop good financial habits. Tijoree’s market simulator and integrated learning platform empowers teens with financial literacy. by Tijoree Pre-order phase has begun, where parents and teenagers can pre-order their 100% recycled card. Tijorée is a product at the intersection of fintech and ed-tech that aims […]

Should value investors buy Lloyds Bankin...

OWhile Zacks’ proven rankings emphasize earnings estimates and revisions to estimates to find strong stocks, we also know that investors tend to develop their own individual strategies. With that in mind, we always look at value, growth and momentum trends to uncover great companies. Looking at the history of these trends, perhaps none is more […]

Western energy and banking giants pull o...

People line up to use an ATM in St. Petersburg, Russia, /Reuters/Anton Vaganov People line up to use an ATM in St. Petersburg, Russia, /Reuters/Anton Vaganov Energy giant BP, global bank HSBC and the world’s largest aircraft leasing company AerCap joined a growing list of companies seeking to leave Russia on Monday as Western sanctions […]

Finary wants to reinvent private banking...

french startup Final raised a $9 million (€8 million) Series A funding round. The company has built a comprehensive aggregator so that wealthy individuals can get the complete picture when it comes to wealth tracking. And that means Finary is not limited to bank accounts. You can track many assets, from real estate to cryptocurrencies […]

FV Bank launches API to give fintechs di...

FV Bank, the US-licensed global digital bank that offers a vertically integrated suite of traditional and digital banking and asset custodial services to fintech and blockchain companies, has introduced its first application programming interface (API) to advance banking automation and integration for its customers’ operations. FV Bank’s new API will provide multiple benefits to corporate […]

Business News | Stock and Equity Market...

Search mutual fund quotes, news, net asset values CDS INE467B01029, SDC, 532540 Adani Wilmar INE699H01024, PUNCH, 543458 ICICI Bank INE090A01021, ICICIBANK, 532174 Adani Power INE814H01011, ADANIPOWER, 533096 TataTeleservice INE517B01013, TTML, 532371 […]

Banking, a sector that is quick to emerg...

Profits hit a record high just a year after the Covid-19 pandemic brought economic activities to a halt. [iStockphoto] Winston Churchill made a famous observation during the darkest days of World War II: Never let a good crisis go to waste. For Kenyan banks, this rings true. It has become an industry that recognizes a […]

The CFPB issues a request for informatio...

United States: CFPB issues request for information regarding unwanted charges February 18, 2022 Goodwin Procter LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a request for information regarding fees charged by […]

Barclays has issued a warning on the mob...

The alert, posted on February 12, 2022, warns customers of a scam whereby people could receive a text message containing a one-time access code (OTP) for payment to UK retailer Currys. The alert asks customers not to answer or to call the number given in the message. These scams attempt to steal funds from victims’ […]

Internet banking is thriving | The star...

The shift from manual banking to its digital means is certainly not a new phenomenon for the banking industry in Bangladesh. But the advent of the coronavirus pandemic has caused customers from all walks of life to focus on online banking to reduce the risk of contracting the deadly flu. Transactions through online banking stood […]