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.

Bank of England: Non-Banks Could Pose New Risks to Financial Stability
Bank of England: Non-Banks Could Pose New Risks to Financial Stability
December 09, 2024  |  Banking

Non-bank financial institutions like pension funds, insurance companies, hedge funds and money market funds could present risks to financial stability as their role in the...

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Reinventing Payments: Breaking Down Banking Infrastructure to Build a Composable Future
Reinventing Payments: Breaking Down Banking Infrastructure to Build a Composable Future
December 09, 2024  |  Banking

Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built...

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Banks Eye Stablecoins to Accelerate Cross-Border Innovation
Banks Eye Stablecoins to Accelerate Cross-Border Innovation
December 09, 2024  |  Cross-border Payments

Few bottlenecks across the payments landscape have been more intractable than that of cross-border payments. But with the news Thursday (Dec. 5) that the U.S. licensed...

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Revolut Aims to Become New Zealand’s First Global Digital Bank
Revolut Aims to Become New Zealand’s First Global Digital Bank
December 09, 2024  |  Digital Banking

Revolut’s ongoing expansion efforts have the U.K. FinTech focused on New Zealand. While Revolut already provides services to customers in the island nation, it now...

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CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and...

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UK Digital Bank Zopa Raises $85 Million for Expansion and GenAI
UK Digital Bank Zopa Raises $85 Million for Expansion and GenAI
December 06, 2024  |  Investments

British digital bank Zopa has raised 80 million euros (about $85 million) in an equity funding round to accelerate its growth and launch new products....

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The Secret to High Global Conversion Rates? Understanding Local Payments
The Secret to High Global Conversion Rates? Understanding Local Payments
December 06, 2024  |  Payment Methods

Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods...

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TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
December 05, 2024  |  Bank Regulation

TD Bank Group said Thursday (Dec. 5) that for the coming fiscal year, “it will be challenging for the Bank to generate earnings growth,” as...

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Energy Capital Credit Union Picks Velera for Debit Card Processing
Energy Capital Credit Union Picks Velera for Debit Card Processing
December 05, 2024  |  Credit Unions

Energy Capital Credit Union has expanded its partnership with credit union service organization (CUSO) Velera. Velera had already been providing credit card processing support for Energy Capital...

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