banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Where Today’s Receipt Data Falls Short for FIs and FinTechs
Where Today’s Receipt Data Falls Short for FIs and FinTechs
November 04, 2022  |  Data

“Receipt level data is the Holy Grail of data.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Ant Group-Owned ANEXT Bank Announces Embedded Financing Partnerships
Ant Group-Owned ANEXT Bank Announces Embedded Financing Partnerships
November 03, 2022  |  Banking

Singapore-based digital wholesale bank ANEXT Bank, which is a wholly owned subsidiary of Ant Group, has launched a new program that aims to use embedded...

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MaxMyInterest Appoints ShopRunner Veteran Ateet Adhikari as COO
MaxMyInterest Appoints ShopRunner Veteran Ateet Adhikari as COO
November 03, 2022  |  Personnel

Cash management and optimization platform MaxMyInterest (“Max”) has appointed Ateet Adhikari as chief operating officer (COO) and said he would help lead the company to...

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Neobanks Decimate Staff as They Chase Sustainable Profits
Neobanks Decimate Staff as They Chase Sustainable Profits
November 03, 2022  |  Banking

There’s an old business saying that holds that you can’t cut your way to profitability. Chime and its digital peers are going to put that...

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British Financial Watchdog Cracks Down on Unfair Lenders
British Financial Watchdog Cracks Down on Unfair Lenders
November 03, 2022  |  Bank Regulation

The U.K.’s top financial watchdog is giving banks in that country an ultimatum: treat customers struggling with Britain’s cost-of-living crisis fairly, or be barred from...

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Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
November 03, 2022  |  Fraud Prevention

Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and...

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FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022  |  Security & Fraud

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. Get...

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UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022  |  Banking

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and...

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SoFi Logs $5B in Deposits as CEO Reports Swiping Share From Banks
SoFi Logs $5B in Deposits as CEO Reports Swiping Share From Banks
November 01, 2022  |  Earnings

“We’re winning share in deposits … and we’re taking it from the traditional banks,” SoFi CEO Anthony Noto said on a Tuesday (Nov. 1) earnings call....

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