Banking

  • China To Help Smaller Banks Retain Liquidity

    June 10, 2019 China’s central bank announced over the weekend it plans to use several tools to keep liquidity in the market and that it will provide liquidity support to small and medium-sized ...
  • Looking Beyond Alternative Lenders For Startup Financing

    June 7, 2019 Post-financial crisis, FinTech shed light on the plight of small and medium-sized businesses (SMBs) seeking capital, often shunned by banks — thanks to a lower risk appetite and more stringent ...
  • The Case For Freeing Up $190B In Security Deposits

    June 7, 2019 Why Rhino Wants To Remove Cash From RentalsFor most renters, coughing up a cash-based security deposit means parting ways with that money for the duration of the lease. Now, there’s a movement to replace cash deposits with ...
  • Wells Fargo Names COO For Corporate Risk

    June 7, 2019 OCC Will Vet Wells Fargo’s Next CEOWells Fargo & Company announced that it has named Kate Clifford-Toomey as chief operating officer for Corporate Risk. Clifford-Toomey will start on September 3, reporting to Chief Risk Officer Mandy Norton. As ...
  • China’s Megvii Might Postpone IPO

    June 7, 2019 Chinese facial recognition company Megvii might decide to postpone its initial public offering (IPO), due to tensions and the trade war between the U.S. and China. Last month, Megvii announced that ...
  • SBA Promotes Credit Union SMB Lending

    June 6, 2019 When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. Credit unions (CUs), meanwhile, are rarely the ...
  • China Banking ‘Blind Spot’ Poses Threat To Investors

    June 6, 2019 A hundred billion here, a few hundred billion there, and pretty soon it all starts to add up. The Financial Times reports that a $647 billion “blind spot,” as measured by ...
  • The Key To Open Banking? More Bank Participation

    June 6, 2019 It’s not just technology that moves the world. Culture plays a huge role — as well as the sparks that often come from the tension when cultures clash. That promises ...
  • The eCase For Liberating $190B In Rental Security Deposits

    June 6, 2019 Around the world, banks and FinTech firms are addressing challenges associated with enabling fund disbursements in real time — and some markets are developing real-time networks faster than others. In the ...
  • Several Banks Eye Blockchain For Trade Settlement

    June 5, 2019 A group of 14 banks, led by UBS, is eyeing blockchain for trade settlement use across borders in a process that uses tokens. Elsewhere, blockchain is gaining traction in efforts ...
  • Card Giants Step Up FinTech Support Efforts Across EU

    June 4, 2019 Visa and Mastercard are ramping up efforts to help FinTech firms develop new financial products and services, with new announcements of FinTech accelerators and other collaborative efforts. In Europe, a new ...
  • Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream

    June 4, 2019 Call it the curse of innovation, perhaps. It’s that tendency (seen often in payments and commerce) to always think years, or a decade or two, ahead. The future is always ...
  • UK Banks Create Money Pool To Refund Fraud Victims

    May 29, 2019 UK Banks Create Money Pool To Refund Fraud VictimsA group of U.K. financial institutions are signing a voluntary code to refund consumer and small business victims for fraud schemes, the BBC reported on Tuesday (May 28). Reports said an ...
  • In Europe, Cross-Border FinTech And FI Efforts Eye Speed And Remittances

    May 28, 2019 FinTech firms are making strides in cross-border payments and tie-ups with more traditional players, as evidenced by Numbrs linking with German insurer Allianz. Elsewhere, faster payments gets a boost in the ...
  • Global Payments, TSYS Ink $21.5B Deal To Merge

    May 28, 2019 Megadeals everywhere in payments? Global Payments has inked a deal to acquire Total System Services (TSYS) in a $21.5 billion deal. Bloomberg, citing to people with knowledge of the matter,  reported ...
  • Nordic’s P27 Mulls Buying Swedish Clearing Platform

    May 28, 2019 The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27 is a joint initiative created by ...
  • Travel Managers Battle Growing Fraud Threats

    May 24, 2019 Travel managers are battling against card skimming and other types of fraud — and the instances of fraud are on the rise, according to a recent study. Elsewhere, the U.S. ...
  • Bottomline Technologies Discovers ‘Leading Strategy’ Of FinTech Partnerships In Survey

    May 24, 2019 FinTechAcross the business-to-business (B2B) payments landscape, results of a Bottomline Technologies survey found that partnering with FinTechs will be the strategy of choice for a majority of banks and a ...
  • For Merchant Processing, A Guiding Key Principle: Reliability

    May 24, 2019 Merchants that sign on with firms to process their payments expect to get their funds consistently and constantly. Neil Randel, CEO of First American Payment Systems, tells Karen Webster that, ...
  • FX Fees Not The Only Cross-Border B2B Payments Pain Point

    May 23, 2019 The European Union (EU) is introducing measures to reduce cross-border payment fees, which have emerged as a top pain point in the Eurozone when moving funds between a euro area ...
  • Instant Payments Mean Instant Security Challenges, Says EBA CLEARING

    May 23, 2019 Instant Payments Mean Security Challenges European banks have increasingly used faster payments since the November 2017 launch of EBA CLEARING’s RT1 instant payments system. Even as financial institutions (FIs) embrace faster payment rails, though, they ...
  • Bank/FinTech Harmony Sets Stage For AP Automation

    May 23, 2019 The B2B space needs to transform from paper-based to automated process — and nowhere is this more apparent than with accounts payable (AP). As Jessica Moran, general manager of Paymode-X Business ...
  • Germany’s Watchdog Tells N26 To Boost AML Measures

    May 23, 2019 Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. The news comes after reports in March that a customer’s account had been hacked and ...
  • Commerzbank Keeps Open Mind On M&A

    May 22, 2019 CommerzbankEven though a potential merger with Deutsche Bank fell through, Commerzbank CEO Martin Zielke said he’s still open to the possibility of merging with another bank, according to a report ...
  • Blockchain Hits The Road (Literally)

    May 22, 2019 blockchainBlockchain is hitting the road as Honda and GM link on a project tied to electric vehicles and smart grids. Separately, South Korea is launching an identity service based on ...
  • Mexican Pres. To Boost Banking Options For Citizens

    May 22, 2019 Mexican President Andrés Manuel López Obrador is in support of big banks that want to expand in Mexico. According to The Wall Street Journal, Mexico’s leader meets regularly with bank chiefs ...
  • Citi: Why And How To Bring More Collaboration To Payments

    May 22, 2019 There is no “i” in team — every coach’s mantra. Guess what, though? That’s only half the story when it comes to the concept of working together for the greater ...
  • Real-Time Payments Fraud: An FI Infrastructure Issue

    May 22, 2019 As the need for speed increases worldwide, banks and other financial players are adapting payments to work smarter — not harder. Faced with a growing number of transactions to process ...
  • Czech Banks To Invest $260M Into National Development Fund

    May 20, 2019 Czech Banks Investing $260M For Development FundCzech Prime Minister Andrej Babis has proposed a national development fund to help invest in social issues, digitization of the economy, education and transportation, according to a report by Reuters. On ...
  • How FIs Are Taking Anti-Money Laundering Precautions

    May 20, 2019 anti money launderingWith one of the world’s biggest money laundering scandals just a few months old, it’s a fitting time to look into the state of security and compliance. Money laundering is estimated by ...
  • A Group Of Banks Are Developing A Blockchain Settlement System

    May 17, 2019 A slew of banks, including some of the largest in the world, are working together to develop a digital cash system that relies on blockchain technology to settle transactions.     According ...
  • Getting Millennials To Put Stock In Trading Apps

    May 17, 2019 Money laundering scandals have rocked the reputations of major financial institutions (FIs) that are consequently launching new efforts to repair their images. The Estonian branch of Danske Bank was accused ...
  • European Central Bank Says EU Banks Shun Cross-Border Activity

    May 16, 2019 Eurozone Banks Shy Away From Cross-BorderEurozone banks are at risk of fragmentation and are turning away from cross-border activity, Reuters reported. European Central Bank Vice President Luis de Guindos shared his thoughts on the issue on ...
  • Payments Remain Key To Customer Service For Bank Of The West

    May 16, 2019 Why Customer Service Is Key In Digital Banking Most consumers look at banking as a time-consuming chore. They have many options to choose from and their loyalty can be fickle, making onboarding and engagement challenging. That’s why Bank of ...
  • ACH Logs 9 Pct B2B Payments Growth In Q1

    May 16, 2019 Amid the movement from paper processes and checks to electronic means of getting funds where they need to go, the ACH Network reported mid- to high-single-digit payment growth in the ...
  • Why Visa Brought Earthport Into Its Orbit

    May 15, 2019 Visa is moving “beyond the card” with its acquisition of cross-border payments firm Earthport to turbo-charge account-to-account payments. Bill Sheley, head of global push payments at Visa, tells Karen Webster how ...
  • Visa Talks AI’s Global Impact

    May 14, 2019 AI’s reality is far from the futuristic fantasies of, say, Minority Report, but, as Visa’s global head of innovation and design Mark Jamison tells Karen Webster, a number of promising ...
  • CFPB To Review Fed’s 2009 Overdraft Rule

    May 13, 2019 The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve‘s overdraft protection rule to find out if it “should be amended or rescinded” to minimize “any significant ...
  • Why FIs Are Laser-Focused On Corporate Credit Innovation

    May 13, 2019 Innovation has been the name of the game for financial institutions (FIs) large and small in recent years. While the overall pace of innovation has cooled somewhat over the past ...
  • Fitch: AML Shortcomings Impact Bank Credit Ratings

    May 10, 2019 Fitch: AML Shortcomings Impact Credit RatingsAs part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in financial crimes and anti-money laundering (AML) controls are ...
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