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.

Form3 Raises $60 Million to Expand Account-to-Account Platform
Form3 Raises $60 Million to Expand Account-to-Account Platform
September 12, 2024  |  Investments

Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the...

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Neobank Bunq Aims to Expand Headcount by 72%
Neobank Bunq Aims to Expand Headcount by 72%
September 12, 2024  |  Digital Banking

Dutch neobank Bunq is reportedly launching a hiring spree as it aims to expand. The company’s chief executive told CNBC in a report posted Thursday (Sept. 13)...

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57% of Americans Trust Financial Institutions to Protect Their Data
57% of Americans Trust Financial Institutions to Protect Their Data
September 12, 2024  |  Banking

Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance...

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Report: EQT Looks to Sell Majority Stake in Banking Circle
Report: EQT Looks to Sell Majority Stake in Banking Circle
September 11, 2024  |  Banking

Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. EQT is aiming for a deal that would value Banking...

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Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
Goldman Sachs CEO Says Exit From Credit Partnership No ‘Messier’ Than Expected
September 11, 2024  |  Banking

Goldman Sachs CEO David Solomon reportedly said Wednesday (Sept. 11) that the bank’s exit from its credit partnership with General Motors is no “messier” than it expected....

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CFPB Orders TD Bank to Pay $28 Million For Misleading Consumer Reporting Agencies
CFPB Orders TD Bank to Pay $28 Million For Misleading Consumer Reporting Agencies
September 11, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered TD Bank to pay about $28 million in redress and penalties, saying the bank provided consumer reporting agencies...

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Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
Banking-as-a-Service Focus Turns to Managing Financial Crime Risks
September 11, 2024  |  Security & Fraud

If you’re tracking year-to-date news stories, Banking-as-a-Service (BaaS) has been in the hot seat. The situation surrounding the Synapse bankruptcy and the limited ripple effect...

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NCR Voyix: Community Banks Have Data and Technology to Help SMBs Thrive
NCR Voyix: Community Banks Have Data and Technology to Help SMBs Thrive
September 11, 2024  |  Banking

Small and medium-sized businesses (SMBs) need help with digital transformation and financial management in an uncertain business environment, and community banks and credit unions should...

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Goldman Takes $400M Hit From Consumer Loans
Goldman Takes $400M Hit From Consumer Loans
September 10, 2024  |  Banking

Goldman Sachs and Barclays are seeking a deal on Goldman’s $2 billion portfolio of loans made to General Motors customers. The deal, if it goes through,...

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