February 04, 2024
Iran Reportedly Used UK Banking Giants to Avoid Sanctions
Iran reportedly used two of Great Britain’s largest banks to get around sanctions. Santander UK and Lloyds provided accounts to front companies owned by sanctioned Iranian petrochemical companies, the Financial Times reported Sunday (Feb....
January 31, 2024
Who Controls Your Phone: Client-Side Scanning and the Future of...
This article examines the intersection of technology, privacy, and ownership, discussing client-side scanning (“CSS”), where a user’s smartphone scans its owner’s files, text messages, and photos for unlawful material, with...
January 31, 2024
The Smaller the Business, the Less Interested They Seem in...
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one...
January 29, 2024
Regional Banks Try to Smooth ‘Scar Tissue’ of SVB Collapse
America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the...
January 25, 2024
Lloyds Slashes Jobs as Banking Customers Shift to Digital
Lloyds Bank is reportedly eliminating 1,600 jobs amid an increased focus on digital banking. The British lender also plans to create 830 new jobs for its “relationship growth” team to understand customers’ financial aims...
January 25, 2024
Mondu Raises $33 Million to Expand B2B BNPL in Europe
B2B payment solutions provider Mondu has raised an additional 30 million euros ($33 million). This new debt financing from Vereinigte Volksbank Raiffeisenbank eG adds to 20 million euros ($22 million) raised in...
January 24, 2024
Meet the Neobank That Counts Only Doctors as Customers
Picture this: a 28-year-old $400,000 in debt who has never held a job. Would you give them a loan? Chances are, probably not. And that’s the thought taken by most...
January 23, 2024
Colleges and Universities Weave AI Into Lesson Plans
The story of artificial intelligence (AI) and higher education is about more than students using ChatGPT to write their term papers. Recent announcements show that as the technology matures and...
January 18, 2024
UK Grocer Sainsbury’s Announces Plan to Exit Banking Business
British grocer Sainsbury’s is planning to slowly but surely phase out its banking business. The move follows a strategic review of the company’s banking arm, the supermarket chain said in a statement Thursday (Jan. 16),...