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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. […]

Commercial Bank of Ceylon wants to expan...

The Sri Lanka-based Commercial Bank of Ceylon PLC (CBC) wants to expand SME (small and medium enterprise) lending in Bangladesh with an aim to migrate small businesses to corporate status. The bank that has focused on trade and finance will now strengthen retail banking amid rising spending power of consumers. CBC Bangladesh started its operation […]

Dock Opens Offices in Latin America Amid...

SÃO PAULO–(BUSINESS WIRE)–March 14, 2022– Dock, an innovator in fintech infrastructure in Latin America , today announced the launch of new regional offices and key growth milestones. The new offices are located in Mexico City, Mexico; Lima, Peru; Santiago, Chile; and Bogotá, Colombia. Dock is also setting up operations in Buenos Aires, Argentina, by the […]

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 […]

Green Dot announces share buyback progra...

AUSTIN, Texas–(BUSINESS WIRE)–Green Dot Corporation (NYSE: GDOT) today announced that its Board of Directors has approved a stock repurchase program with authority to purchase up to $100 million of common stock. The authorization is for an indefinite period. “We are pleased to announce that our Board of Directors has authorized a $100 million share buyback […]

Mobile banking adoption increases to 58%

Currencies Mobile banking adoption increases to 58% Friday, February 18, 2022 Signage shows branch banking and mobile money services in a Nyeri store. PICTURES | JOSEPH KANYI | NMG By Edna MwendaMore from this author Summary A customer satisfaction survey conducted by the Kenya Bankers Association (KBA) revealed that mobile banking was the most preferred […]

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 […]

UBA’s Leo, 4 years constantly changing t

Artificial Intelligence (Ai) is the “hot thing” now. Indeed, globally, the hype around artificial intelligence continues to accelerate, with the end goal being to simplify conversations and processes. But if you still have doubts, ask United Bank for Africa (UBA). Thanks to Leo, its flagship chatbot Ai, which recently turned four years old, the pan-African […]

Instant banking

Major progress has been made recently towards a ‘digital Pakistan’, particularly with regard to the banking sector. As part of the Raast program, a digital payment system, the State Bank of Pakistan has asked all banks to introduce free person-to-person (P2P) transfers to move funds instantly, free of charge and in encouraging the habit of […]

Jefferson Bank Merger Protest Creates Ne...

Illinois-based First Mid Bank & Trust agreed to operational improvements, including providing small business loan subsidies and setting up branches in underserved areas, in response to criticism that threatened to derail its project merger with Jefferson Bank and Trust. Shoot “Diversify leadership and include community voices and feedback as key to not just changing the […]

Singapore pushed to introduce security m...

Banks and financial institutions in Singapore will have to implement new security measures that have been mandated following a series of phishing SMS scams that wiped several victims out of their savings. These measures include the removal of hyperlinks from emails or text messages sent to consumers and a 12-hour time limit for the activation […]

Atlantic Union Bank appoints Maria Tedes...

She will continue to be president Posted January 18, 2022 through Robyn Sidersky Tedesco Richmond-based Atlantic Union Bank has named Maria Tedesco its chief operating officer, effective immediately. This is a new position for the bank. Tedesco will also continue in her role as President. She joined the bank in 2018 and previously served as […]

Brac Bank reaches milestone of 700 banki...

Brac Bank passed the 700 milestone by opening 705 agent banking outlets as the rapid expansion of the network across the country continues. It now serves 1.40 lacs of unbanked people, mostly in rural and semi-urban parts of the country, with the chain’s rural penetration reaching the highest level in the industry at 77%. The […]

Business Beat: New England company buys ...

Townline Equipment, a group of Kubota dealers with locations in New Hampshire and Vermont, has purchased the three Sharon Springs Garage Kubota dealership locations in Sharon Springs, Oneonta and Troy. In a press release, Townline Equipment president Matt Marrazzo said that as the company grows, it will “remain committed to its customer-focused, community-focused approach.” “Sharon […]

How Some Americans End Up With No Credit...

Is the amount of money someone earns preventing them from getting a desirable credit score? Or their race and ethnicity? The answers: No, absolutely not. Some consumers think the exact opposite, but your income, race, or ethnicity is not used to calculate your personal credit score and does not increase or alter your score. Still, […]

Westpac Banking (NYSE: WBK) stock rating...

Westpac Bank (NYSE: WBK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “conservation” rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, “Westpac Banking Corp. provides a wide range of banking and financial services. The company provides general banking services to retail, commercial and […]

Jammu and Kashmir Bank: J&K Bank opens a

Extending advanced retail banking services, J&K Bank today commissioned a new Business Unit (BU) at Ati in Rajouri, Jammu. Deputy Commissioner Rajouri Vikas Kundal (IAS) inaugurated the BU in the presence of Jammu (West) Zone Chief Rajouri Rajesh Dubey amid a gathering of valued clients, elected officials, local traders and other officials of the Bank, […]

Banking secrecy law: opinion on proposal...

What GAO found Money-issuers and non-profit organizations that transfer funds to recipients in countries at high risk of money laundering or terrorist financing have reported bank account closures and delays or denials of requests fund transfer. These banking access challenges can affect the provision of financial support and humanitarian aid in areas experiencing political conflict […]

UMB Bank selected as custodian of the CO...

KANSAS CITY, Missouri – (COMMERCIAL THREAD) – UMB Bank, na, subsidiary of UMB Financial Company (Nasdaq: UMBF), announces today that it has been selected to serve as custodian for the Colorado Local Government Liquid Asset Trust (COLOTRUST), a local government investment pool established in 1985 and accessible to all counties, Colorado towns, cities and school […]

Moneyhub and BR-DGE collaborate on Open ...

The open data and payments platform Moneyhub and the payment orchestration service BR-DGE announced on Tuesday (December 14) that they have joined forces. According to the two companies, BR-DGE will integrate Moneyhub’s open banking technology into its platform, which offers an integration point for several payment options. “This means merchants no longer need to choose […]

New York State Judge Convicted of Obstru...

NEW YORK (AP) – A New York state judge was convicted on Monday of obstructing a federal investigation into one of the nation’s oldest and largest credit unions for more than a half million New York City workers, including hospital workers, as well as state and federal employees. . At the end of a two-week […]

Brac Bank and BFDS partner to provide ea...

The Brac Bank and the Bangladesh Freelancer Development Society (BFDS) have teamed up to provide simple and seamless banking services to self-employed people in the country. The bank and BFDS, the forum that facilitates the work and businesses of the freelance community, have signed a memorandum of understanding, a collaboration that reflects the two organizations’ […]

Neo-bank on innovation – The Bull & Bear

The COVID-19 pandemic has catalyzed technology adoption and accelerated innovation even in the most static industries. Long-standing financial institutions in the Western world have not been immune to the changing tides. With home orders limiting mobility in society, people needed online bank accounts to meet their personal banking needs and turned to a growing cohort […]

Nasfund’s business investments in Honiar

BY MELISHA YAFOI Nasfund’s investments in Honiara, Solomon Islands were unaffected in the riots last week. Nasfund CEO Ian Tarutia said the fund has closely followed unrest and events in Solomon Islands since its inception, as Nasfund has investments in Honiara – a 60% majority shareholder in the Heritage Hotel and a commercial building. adjoining. […]

EDB’s new Business Banking app receives

UAE Development Bank [EDB] announced that its new Business Banking app received the product of the year award at the 2021 Fintech Abu Dhabi Awards. This is a major recognition for the EDB application a few months after its launch. The award recognizes the importance of the Business Banking app, which has been designed to […]

Banks and governments must step up effor...

A report by the accounting firm MNP and ATB Financial says the Indigenous economy in Alberta is a huge untapped economic resource, but many Indigenous entrepreneurs still face systemic barriers to success. Tarra Wright-Many Chief owns and operates Many Chief Tours, an ecotourism business focused on Indigenous culture and history in Calgary. She says even […]

BOK Financial announces changes in Credi...

TULSA, Oklahoma, November 23, 2021 (GLOBE NEWSWIRE) – BOK Financial has made changes within its leadership team to better position the company for growth in the years to come. Marc Maun has been appointed regional director of banking services for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will also be responsible for cash […]

New Jersey bank to acquire Bank of Delma...

OceanFirst Financial Corp CEO Chris Maher said the acquisition of Partners Corp. matches the financial institution’s plan to expand into Maryland and Delaware. | PHOTO COURTESY OF OCEANFIRST FINANCIAL CORP. SEAFORD – OceanFirst Financial Corp., a growing bank in New Jersey, has announced plans to purchase Bancorp Partners, the parent company of Seaford-based Bank of […]

Subsidiary disbursed 84,000 loans withou...

A subsidiary of Indusind Bank disbursed nearly 84,000 loans without the client’s consent in May 2021 due to a technical glitch, the private lender said on Saturday, which denied the rollover allegations. An independent review will correct the process failure or accounting failure of Bharat Financial Inclusion Ltd (BFIL), the bank’s microfinance arm. Client consent […]

No disruption to digital banking after a...

KARACHI: A day after a cyberattack on the National Bank of Pakistan (NBP), 1LINK – a consortium of 11 banks and Pakistan’s largest switching and payment system – said there had been no disruption to interoperable banking services during or after the cyberattack. 1LINK said in a statement on Sunday that “all transactions, both financial […]

“Rolling Rez” brings the bank to the peo

Listen to the article “Rolling Rez” brings the bank to the people At Lakota Federal Credit Union (LFCU), mobile banking has a much different meaning than what most people associate with their smartphones. Instead of an app, LFCU offers member banking services with a bus known as the “Rolling Rez”. The $ 9 million asset […]

Wells Fargo to Present at BancAnalysts A...

SAN FRANCISCO – (BUSINESS WIRE) – October 29, 2021– Wells Fargo & Company (NYSE: WFC) announced today that Consumer Lending CEO Mike Weinbach will present at the BancAnalysts Association of Boston conference on Friday, November 5, 2021 at 9:40 a.m. ET. This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20211029005075/en/ Wells Fargo Bank […]

Black Pot Biz owners blow up booker for ...

By Sam Reisman (October 28, 2021, 6:22 p.m. EDT) – A panel of cannabis entrepreneurs and a retail security expert on Thursday identified access to banking services as one of the main challenges facing the booming industry and have targeted Senator Cory Booker for his opposition to bipartisan legislation that could fix the problem. In […]

What are the online banking options avai...

A secure system that enables online payments for businesses is a major concern for discerning business owners. There is a pressing need to move cashless into the digital age, and on this front, Co-op Bank is leading the pack. Co-op Bank has an innovative online banking platform that has won accolades across the banking spectrum […]

Outlook: Should the US Postal Service Gr...

YES: affordable financial services would be accessible in each community at local post offices By Nicole Ndumele The U.S. Postal Service recently launched a Postal Banking Pilot Program that allows customers to cash paychecks and business checks up to $ 500 in four cities: Washington, Baltimore, the Bronx and Falls Church, Va. . This modest […]

Intuit launches Money by QuickBooks, a m...

Money by QuickBooks is the latest addition to QuickBooks’ comprehensive suite of solutions that help small businesses get paid and manage their cash flow. The Money by QuickBooks mobile app is now available for free on iOS and Android, designed to give entrepreneurs, freelancers and sole proprietorship start-ups full control over their money with the […]

Retail banking needs a paradigm shift

The frenetic pace of innovation disrupting the financial sector has introduced a level of uncertainty that the sector has never faced before. New entrants and a rapidly changing business model have provided customers with a plethora of options. For many, traditional banking faces a bleak and uncertain future. However, banks can thrive in the status […]

Central Maine Business Records: Ashlee D...

Ashlee Dixon Contribution photo AUGUSTA – Kennebec Savings Bank President and CEO Andrew Silsby recently announced the promotion of Ashlee Dixon to Winthrop Branch Manager. Dixon started working at the bank in 2007 as a summer cashier and was accepted into the bank’s management training program in 2012. Upon completion of the program, she worked […]

Sex worker speaks out after being denied...

A Vancouver-based sex worker said a local credit union refused to open a business bank account for her after she disclosed her profession. Charlee Beckett speaks out to fight the stigma and obstacles that sex workers often face when trying to take their businesses above all advice, even though the sale of sex is legal […]

US Bancorp plans to expand payments to b...

U.S. executives at Bancorp have said the firm’s business customers may want more payment services – a range of offerings that are already the source of a quarter of the bank’s revenue, Bloomberg reported. The Minneapolis-based US Bank is the company’s fifth commercial bank, according to its Promotional material. In a Thursday (October 14) presentation […]

How to start online banking

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners. If you’re still standing in line at your local bank branch to transact or write checks and mail bills, it’s time to […]

Comment: Jim Hightower – It’s postal “se

Business ideologues keep saying that government programs should be run like a business. Truly? Which companies would they choose? Pharmaceutical profits? Big oil? Wall Street money manipulators? High-tech billionaires? Airline prize thieves? The good news is that the vast majority of people don’t buy this corporate gossip. Instead, by a 2-1 margin, the Americans stunned […]

Swiss and Spanish Financial Market Infra...

SIX, which operates the infrastructure of Swiss and Spanish financial centers, has launched a service to provide clients, advisers and portfolio managers in the wealth advisory industry with tax classifications on individual securities. The service allows users to analyze the tax consequences of financial products, anticipate the tax costs of investing in that security and […]

Best all-in-one banking apps in 2021 • B

Mobile banking is one of the most unique financial tools you can use. However, many banks go even further by offering all-in-one digital banking services to their customers. Finding all-in-one banking apps broadens your horizons and gives you access to more financial tools than just a checking account. Think outside the box and take a […]

Nigerian Open Banking Mono Start-Up Rais...

Prakhar and I started working on Mono as a side project to fuel another side project (Muney) that we were building, to solve the problem of managing multiple bank accounts for young adults in Nigeria. We wanted to create an app that could manage all of our financial accounts in one place, but we couldn’t […]

David Dayen Details Unique Features of P...

American Prospect editor-in-chief David Dayen told Hill.TV’s “Rising” that a pilot program launched by the Postal Service last month would not only compete with the check-cashing services offered in convenience stores, but would also provide the option to purchase gift cards. The Postal Service began offering banking services at four pilot sites on September 13. […]

Bank of the Regions: Small business owne...

According to the Regions Next Step omnibus survey Bank of regions, an overwhelming majority of business owners and senior executives are focused on investing the business to drive growth over the coming year. The survey, which was conducted by Regions Next step, the bank’s free financial education program, found that about nine in ten companies […]

BUSINESSMEN

ACCOUNTING Christine Price was recently promoted to Tax Director at Garland & Greenwood CPAs and Advisors, PLLC, and Jared Garner was hired as an accountant. AGRICULTURE Arkansas Secretary of Agriculture Wes Ward has been elected secretary-treasurer of the National Association of State Departments of Agriculture for 2021-2022. BANKING Encore Bank has announced the arrival of […]

5 banks acquire 16 branches from Arvest

One of the state’s largest banks sells 16 branches to multiple buyers. Arvest Bank, chartered by Fayetteville, has entered into agreements to sell the assets to Arkansas Cross County Bank (Wynne), Farmers Bank & Trust Co. (Magnolia), FNBC Bank (Ash Flat), Generations Bank (Rogers) and RCB based in Oklahoma Bank (Claremore). All transactions are pending […]

Régions unveils an alternative to overdr

Dive brief: The Birmingham, Alabama-based Regions Bank on Thursday became the latest bank to unveil a checking account with no overdraft fees or insufficient funds, according to a press release. The account, called Regions Now Checking, charges a flat monthly fee of $ 5 and can be linked to other Regions accounts to provide overdraft […]

GIFT City reaches Dubai to attract globa...

GIFT City Gujarat is aimed at international investors in Dubai to project its potential in transactions involving bullion, alternative investment funds (AIFs), aircraft leasing, banking services and global internal centers. For the first time, he is courting such a large gathering at an international forum – DubaiExpo2020 – next week, which will be attended by […]

First Business Services (FBIZ) gains 0.5...

Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange FBIZ – Market data and news To exchange First Business Financial Services Inc (NASDAQ: FBIZ), a Madison, Wisconsin […]

Business Monday ETC. : edition of Augus...

Agawam company obtains a labor subsidy Belt technologies, a manufacturer of metal belt conveyor solutions and custom conveyor systems for more than five decades, received a grant of $ 45,600 to help train 24 workers and create at least two new jobs before 2023. The State Executive Office for Work and Workforce Development Workforce Training […]