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.

HBOS Fraud Compensation Review Discovers ‘Shortcomings’
HBOS Fraud Compensation Review Discovers ‘Shortcomings’
December 11, 2019  |  B2B Payments

Small to medium-sized businesses (SMBs) impacted by fraudulent activity within Lloyds-owned HBOS could be in line for larger compensation payouts after an independent review found...

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Money Laundering Fears Propel Japanese Banks To JPMorgan’s Payments Network
Money Laundering Fears Propel Japanese Banks To JPMorgan’s Payments Network
December 10, 2019  |  International

Japan is looking to JPMorgan Chase & Co.’s blockchain-based information network for payments, Bloomberg reported on Monday (Dec. 9). Get the Full Story Complete the...

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Goldman Plans To Launch Robo Adviser Next Year
Goldman Plans To Launch Robo Adviser Next Year
December 09, 2019  |  Banking

Goldman Sachs is planning to launch digital wealth management services to customers with as little as $5,000 in 2020. Get the Full Story Complete the...

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From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
From Russia, with Malware: US Charges Hacking Group Evil Corp. In $100M Bank Fraud
December 05, 2019  |  Security & Fraud

Call it Russian interference of a different sort that netted $100 million from banks and financial institutions (FIs) in more than 40 countries. Get the...

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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
December 04, 2019  |  Investments

Rebel, a Brazilian FinTech that offers unsecured credit to middle-class citizens in the country, has raised $10 million in new equity funding, according to a...

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OCC Targets Wells For Loose Pay Controls, Unresolved HR Complaints
OCC Targets Wells For Loose Pay Controls, Unresolved HR Complaints
December 04, 2019  |  Banking

The Office of the Comptroller of the Currency (OCC) has said the Wells Fargo Human Resources (HR) department has a rash of problems, including a...

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ECB Has Considered Crypto To Cut Global Payment Costs
ECB Has Considered Crypto To Cut Global Payment Costs
December 04, 2019  |  Cryptocurrency

The European Central Bank (ECB) has considered using a public digital currency if international payments inside of Europe stayed too expensive.  Get the Full Story...

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Why SMBs Should Look Beyond High Street For FX Needs
Why SMBs Should Look Beyond High Street For FX Needs
December 04, 2019  |  B2B Payments

The rise in alternative small business lending players was first viewed as a competitive force against traditional financial institutions (FIs), although some legacy banks eventually...

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Regulators Detail Banking Rules For Hemp Firms
Regulators Detail Banking Rules For Hemp Firms
December 03, 2019  |  Bank Regulation

Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act...

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