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.

JPMorgan Expects Credit Losses to Stay Low Through ’23
JPMorgan Expects Credit Losses to Stay Low Through ’23
May 23, 2022  |  Banking

Fears of a recession have landed the markets in hot water, though JPMorgan doesn’t think there’s much cause to worry, The Wall Street Journal (WSJ)...

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Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
Banking Trade Groups Sour on Digital Dollar, Citing Drain on Credit
May 23, 2022  |  CBDC

Wall Street lenders want the U.S. government to slow down on their plans for a digital dollar, Bloomberg reported Monday (May 23). Get the Full...

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G-7 Leaders Cold on Crypto, Warm on CBDCs
G-7 Leaders Cold on Crypto, Warm on CBDCs
May 23, 2022  |  Regulation

The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank...

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BNP Paribas Becomes Latest Bank to Embrace Blockchain
BNP Paribas Becomes Latest Bank to Embrace Blockchain
May 23, 2022  |  Blockchain

French bank BNP Paribas has joined a U.S.-based blockchain-powered network overseen by JPMorgan to use digital tokens for short-term trading in fixed income markets, stepping...

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Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022  |  Banking

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to...

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Wells Fargo to Pay $7M to Settle SEC AML Allegations
Wells Fargo to Pay $7M to Settle SEC AML Allegations
May 20, 2022  |  AML

Wells Fargo Advisors agreed to pay $7 million to settle federal Securities and Exchange Commission (SEC) charges that the firm failed to report at least...

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This Week in Payments: Developers, Banks, Businesses Pursue Embedded Payments Innovations
This Week in Payments: Developers, Banks, Businesses Pursue Embedded Payments Innovations
May 20, 2022  |  Payments Innovation

It was a big week for embedded payments innovations, with a developer in the space achieving unicorn status, banks identifying them as urgent priority in...

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The Data Point: 92% of FIs Embrace Embedded Finance to Boost Customer Experience
The Data Point: 92% of FIs Embrace Embedded Finance to Boost Customer Experience
May 20, 2022  |  Payments Innovation

Payments modernization remains the order of the day in 2022 as companies of all sizes decide how to proceed with implementing solutions to reduce friction...

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FedNow Will Let Banks Delay Instant Payments to Prevent Fraud
FedNow Will Let Banks Delay Instant Payments to Prevent Fraud
May 20, 2022  |  Bank Regulation

The Federal Reserve Board on Thursday (May 19) finalized a rule that governs funds transfer over the Federal Reserve Bank’s FedNow services. The final rule...

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