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.

US Banks Don’t Expect Much Impact From Russia Sanctions
US Banks Don’t Expect Much Impact From Russia Sanctions
February 22, 2022  |  International

American banks do not expect to see an impact on their business – or wider risk contagion – due to the sanctions the U.S. and...

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US, Europe Levy Russia Sanctions, But All-out SWIFT Ban Not Likely Yet
US, Europe Levy Russia Sanctions, But All-out SWIFT Ban Not Likely Yet
February 22, 2022  |  International

In times of war — or of armed conflicts that are wars in all but name — payments can be weaponized (after a fashion). Get...

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24% of Consumers Don’t Trust Digital Account Opening Tech
24% of Consumers Don’t Trust Digital Account Opening Tech
February 22, 2022  |  Consumer Finance

Fifty-nine percent of consumers have opened new financial accounts in the past year, according to Account Opening And Loan Servicing In The Digital Environment, a...

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HSBC Under Fire for Bankers’ Alleged Misuse of WhatsApp
HSBC Under Fire for Bankers’ Alleged Misuse of WhatsApp
February 22, 2022  |  Bank Regulation

London banking giant HSBC is being investigated by the U.S. Commodity Futures Trading Commission (CFTC) for bankers’ alleged use of “non-HSBC approved messaging platforms for...

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London FinTech Startup Weavr Nets $40M Funding Round
London FinTech Startup Weavr Nets $40M Funding Round
February 22, 2022  |  Investments

Embedded finance startup Weavr raised $40 million in a Series A funding round led by Tiger Global, with participation from Mubadala Capital, Latitude Fund, QED...

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SoFi Pays $1.1B For Banking Software Firm Technisys
SoFi Pays $1.1B For Banking Software Firm Technisys
February 22, 2022  |  Acquisitions

SoFi Technologies will pay roughly $1.1 billion for banking-software company Technisys, part of a series of deals by the personal finance firm to bolster its...

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Klarna Launches Rewards, Pay Now in UK
Klarna Launches Rewards, Pay Now in UK
February 22, 2022  |  BNPL

Klarna is introducing its rewards program and Pay Now option to customers in the U.K. as part of an upcoming expansion plan to nine new...

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Biden Mulls Barring US Banks From Processing Transactions From Russian Banks
Biden Mulls Barring US Banks From Processing Transactions From Russian Banks
February 21, 2022  |  Politics

The Biden administration is preparing sanctions against Russia that would come with banning U.S. financial institutions from processing transactions from Russia’s biggest banks if Russia...

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Report: Extensive Credit Suisse Leak Shows Alleged Criminal Ties
Report: Extensive Credit Suisse Leak Shows Alleged Criminal Ties
February 21, 2022  |  Bank Regulation

Credit Suisse has been scrambling to cut down on fallout after newspapers reported on over 18,000 leaked accounts connected to criminals, reported human rights abusers...

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