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’s Red Flags on Banks’ Data May Have Open Banking Ripple Effects 

Bank of England’s Red Flags on Banks’ Data May Have Open Banking Ripple Effects 
Bank of England’s Red Flags on Banks’ Data May Have Open Banking Ripple Effects 
September 14, 2021  |  Bank Regulation

They say a chain is only as strong as its weakest link. Extending that logic a bit, it follows that open banking, underpinned by data, is...

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Blockchain-Based FinTech Optherium Labs Secures Pre-Series A Funding
Blockchain-Based FinTech Optherium Labs Secures Pre-Series A Funding
September 13, 2021  |  Investments

Blockchain-based Software-as-a-Service (SaaS) company Optherium Labs, which helps other companies add banking services, has received a pre-Series A investment from IRETH, which will help both...

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DBS, SWIFT Partner to Offer Cross-Border Payment Tracking  
DBS, SWIFT Partner to Offer Cross-Border Payment Tracking  
September 13, 2021  |  International

DBS Bank, in conjunction with SWIFT Global Payments Innovation, is offering up-to-the-minute online tracking for cross-border payments, the company announced in a Monday (Sept. 13)...

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OCC Begins Public Civil Trial Against Former Wells Fargo Execs
OCC Begins Public Civil Trial Against Former Wells Fargo Execs
September 13, 2021  |  Bank Regulation

A civil trial began on Monday (Sept. 13) against three former Wells Fargo executives for their alleged roles in the bank’s misconduct scandal, the Office...

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Bank of America Names New CFO, Reshuffles Senior Leadership Team
Bank of America Names New CFO, Reshuffles Senior Leadership Team
September 10, 2021  |  Personnel

Bank of America has named Alastair Borthwick chief financial officer, effective in the fourth quarter, as one of myriad changes to its global leadership team....

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B2B Payments Today: Banking as a Service Emerging; CFOs Drive Change and Ensure Resilience 
B2B Payments Today: Banking as a Service Emerging; CFOs Drive Change and Ensure Resilience 
September 10, 2021  |  B2B Payments

Today in B2B payments, Nuula snags $120 million in fundraising round and Banking-as-a-Service is now a $1 trillion industry. Plus, eBay and bidadoo partner on...

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Consumer Lender Koyo Raises $50M to Help ‘Near-Prime’ UK Borrowers
Consumer Lender Koyo Raises $50M to Help ‘Near-Prime’ UK Borrowers
September 10, 2021  |  Investments

Open banking-powered lender Koyo has raised $50m (£36.1m) in a Series A funding round to support its growth plans, Peer2Peer Finance News reported on Thursday...

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For Brazil-based Businesses, It’s a Good Time to Expand to US, But Not an Easy One
For Brazil-based Businesses, It’s a Good Time to Expand to US, But Not an Easy...
September 10, 2021  |  Cross-border Payments

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FinTech, ID-Focused Firms Helm Public Listing Announcements this Week
FinTech, ID-Focused Firms Helm Public Listing Announcements this Week
September 10, 2021  |  IPO

Listing announcements this past week — for traditional initial public offerings (IPOs), and for special purpose acquisition companies (SPACs) — were centered on FinTech, ID...

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