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.

Japan’s MUFG Suspends Payments Platform GO-NET

Japan’s MUFG Suspends Payments Platform GO-NET
Japan’s MUFG Suspends Payments Platform GO-NET
February 23, 2022  |  Digital Payments

Japan’s Mitsubishi UFJ Financial Group (MUFG) is suspending operations of its blockchain-based payments platform GO-NET, citing a sluggish economy and the difficulty of commercializing the...

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German Virtual Bank Penta Aims for $500M Valuation
German Virtual Bank Penta Aims for $500M Valuation
February 23, 2022  |  Investments

German digital business banking platform Penta is speaking with potential investors as it seeks a valuation of between $453 million and $567 million (400 million...

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Credit Unions Partner With FinTechs to Compete Like One
Credit Unions Partner With FinTechs to Compete Like One
February 23, 2022  |  Credit Unions

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EMEA Daily: Regulator Could Order Meta to Stop EU-US Data Transfers; Russian Finance Ministry Proposes Crypto Rules
EMEA Daily: Regulator Could Order Meta to Stop EU-US Data Transfers; Russian Finance Ministry Proposes...
February 22, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, Meta is facing an order to suspend data transfers to the United States by the European...

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US Banks Don’t Expect Much Impact From Russia Sanctions
US Banks Don’t Expect Much Impact From Russia Sanctions
February 22, 2022  |  Cross-border Payments

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  |  Cross-border Payments

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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