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.

VC Seems To Fizzle Out For B2B FinTechs

VC Seems To Fizzle Out For B2B FinTechs
VC Seems To Fizzle Out For B2B FinTechs
February 09, 2018  |  B2B Payments

Once again, alternative finance generated the most backing from investors this week — though not from venture capitalists (VCs). Instead, VCs leaned conservatively toward a mix...

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RBS Goes On The Defensive In Small Biz Scandal
RBS Goes On The Defensive In Small Biz Scandal
February 09, 2018  |  B2B Payments

The Royal Bank of Scotland (RBS) has gone on the defensive in the ongoing saga surrounding its alleged mistreatment of small business (SMB) customers. Get...

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Goldman Sees Crypto Crash, Few Currencies Left Standing
Goldman Sees Crypto Crash, Few Currencies Left Standing
February 07, 2018  |  Bitcoin

Like companies caught up in the 1990s dot-com bubble, the head of Goldman Sachs’ Global Investment Research unit believes most cryptocurrencies will likely fail and...

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Treasury Sec. Says Pot Companies Should Be Banked  
Treasury Sec. Says Pot Companies Should Be Banked  
February 07, 2018  |  Bank Regulation

U.S. Secretary of the Treasury Steven Mnuchin appeared to support pot companies storing their money in banks, testifying that the Treasury doesn’t want the marijuana...

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States Press Regulators To Simplify FinTech Licensing
States Press Regulators To Simplify FinTech Licensing
February 06, 2018  |  Bank Regulation

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting...

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UK FIs Take Another Step To Compete With FinTechs
UK FIs Take Another Step To Compete With FinTechs
February 06, 2018  |  B2B Payments

Several U.K. banks have reportedly standardized the onboarding process for new small business (SMB) customers, adhering to regulators’ efforts to ease bank-switching, another move by...

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Equifax Gives Lenders Access To SMB Data
Equifax Gives Lenders Access To SMB Data
February 06, 2018  |  B2B Payments

Soon after news emerged that the Consumer Financial Protection Bureau (CFPB) would be pulling back its investigation into Equifax Inc. and the data breach that...

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China Slams Door On Crypto Trading Sites  
China Slams Door On Crypto Trading Sites  
February 06, 2018  |  Regulation

China dealt bitcoin and cryptocurrency trading a major blow on Monday (Feb. 5) after it blocked all websites that enable cryptocurrency trading and initial coin...

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Business Lending Standards Loosen In Q4 2017
Business Lending Standards Loosen In Q4 2017
February 06, 2018  |  Loans

The Federal Reserve revealed in its quarterly survey on Monday (Feb. 5) that loan officers in banks around the U.S. eased lending standards for businesses...

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