Correspondent banking is among the most vital avenues for businesses — from international conglomerates to small firms in emerging markets — to facilitate business across borders. But global financial watchdogs are sounding the alarm of an ongoing decline in correspondent banking relationships (CBRs). Get the...
Of all the purported benefits of blockchain, iron-clad security may be the most lauded, with much of the proliferation of blockchain experimentation being fueled by corporates’ and governments’ efforts to safeguard systems and processes. Get the Full Story Complete the form to unlock this article...
Bitcoin – along with Ethereum – experienced its worst first quarter ever, CNBC reported. The cryptocurrency dropped from around $13,400 to just under $7,000 in the first three months of the year, wiping out nearly $120 billion in market capitalization. Over the past quarter, bitcoin...
The Treasury Department has recommended that U.S. regulators ease up on penalties for banks that fail to adhere to the Community Reinvestment Act (CRA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Amazon could make a rival offer for Flipkart, the India-based eCommerce company that is in talks with Walmart about a deal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Uber, the ride-hailing company, announced news on Tuesday (April 3) of the launch of its Uber Visa Debit Card from GoBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Goldman Sachs has hired a senior engineer at JPMorgan to develop cash management tools as it eyes an entrance into the commercial banking market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Urgent.ly, the roadside assistance platform, announced news on Tuesday (April 3) that it partnered with Uber to provide roadside assistance to its drivers at a discounted rate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Apple, aiming to catch up in the artificial intelligence front, has poached Google’s John Giannandrea, chief of search and AI, in what is seen as a major win for its AI efforts. Get the Full Story Complete the form to unlock this article and enjoy...
