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.

Singapore Responds to ‘Strong Interest’ in Asset Tokenization
Singapore Responds to ‘Strong Interest’ in Asset Tokenization
November 04, 2024  |  Blockchain

Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening...

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Elizabeth Warren: TD Bank Execs Should Have Been Prosecuted
Elizabeth Warren: TD Bank Execs Should Have Been Prosecuted
November 03, 2024  |  AML

Last month, the Justice Department settled an anti-money laundering probe into TD Bank. But according to U.S. Sen. Elizabeth Warren, D-Mass., the $3 billion the...

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Mexican Banking FinTech Klar Aims for 2026 IPO
Mexican Banking FinTech Klar Aims for 2026 IPO
November 03, 2024  |  IPO

Mexican FinTech Klar is reportedly aiming to go public at the end of 2026. Juan Sarmiento, the company’s vice president of finance, told Bloomberg News...

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Barclays UK Completes Previously Announced Acquisition of Tesco Bank
Barclays UK Completes Previously Announced Acquisition of Tesco Bank
November 01, 2024  |  Acquisitions

Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the...

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Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
November 01, 2024  |  Bank Regulation

Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a...

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House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
October 31, 2024  |  Bank Regulation

House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee...

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Panel: Turning Payments Into Deposits Fuels the Next Era of Embedded Banking
Panel: Turning Payments Into Deposits Fuels the Next Era of Embedded Banking
October 31, 2024  |  Payments Innovation

Call it one more unpredictable turn in an unpredictable year. As the convergence of financial technology gets closer to consumers and businesses, the focus on...

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Paysafe and Deutsche Bank to Enable Cash Services at Retailers
Paysafe and Deutsche Bank to Enable Cash Services at Retailers
October 29, 2024  |  Digital Banking

Paysafe and Deutsche Bank have partnered to enable the bank’s customers in Germany to deposit and withdraw cash to and from their bank accounts at...

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Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
Trending: Intensity of Financial Scams Builds Pressure on Banks to Regain Consumer Trust
October 29, 2024  |  Security & Fraud

The flood waters have yet to recede. In Florida, the devastation is not fully accounted for, and the costs are not fully tallied. All of...

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