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.

Chinese Banks Vie For SMBs With New Virtual Bank Applications

Chinese Banks Vie For SMBs With New Virtual Bank Applications
Chinese Banks Vie For SMBs With New Virtual Bank Applications
July 02, 2020  |  B2B Payments

New Chinese lender Ping An OneConnect, along with HSBC, are both working to help ease small- to medium-sized businesses (SMBs) into new virtual, more efficient...

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Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank
Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank
July 02, 2020  |  Banking

Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that...

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EU Awaits Launch Of Payments Network Challenger This Week
EU Awaits Launch Of Payments Network Challenger This Week
July 01, 2020  |  International

A group of big European banks is planning to challenge Visa’s and Mastercard’s positions as the world’s two largest payment processing networks, Electronic Payments International...

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OCC: Banks Face Higher Compliance Risks Due To Pandemic
OCC: Banks Face Higher Compliance Risks Due To Pandemic
July 01, 2020  |  Regulation

The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said in a report this...

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Cloud Banking Gives Legacy Systems A Lift
Cloud Banking Gives Legacy Systems A Lift
July 01, 2020  |  Cloud Banking

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent...

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Allica Bank Launches With Profile Software Infrastructure For SMBs
Allica Bank Launches With Profile Software Infrastructure For SMBs
June 30, 2020  |  B2B Payments

U.K. challenger bank Allica Bank has launched using Profile Software‘s banking programs in order to ensure small- to medium-sized business (SMB) customers a way to manage...

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FDIC Looks To Modernize Bank Reporting
FDIC Looks To Modernize Bank Reporting
June 28, 2020  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. Get...

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Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
Big Bank Stress Test Show Loan Losses Could Hit $560B-$700B
June 25, 2020  |  Banking

The Federal Reserve Board indicated that financial institutions (FIs) can stay strong even as they weather turbulent economic conditions, as it unveiled the results of...

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