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.

UK Banks Complete ‘Roadmap for Open Banking’
UK Banks Complete ‘Roadmap for Open Banking’
September 09, 2024  |  Banking

British banking providers have completed their Roadmap for Open Banking. That’s according to an announcement Monday (Sept. 9) from Open Banking Limited (OBL), which had gotten confirmation...

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Deutsche Bank Sees Opportunity in Unlocking Embedded Finance
Deutsche Bank Sees Opportunity in Unlocking Embedded Finance
September 09, 2024  |  Payments Innovation

The value proposition for embedded finance becomes clearer by the day. Businesses see integrated, personalized payments and lending connected directly to their digital platforms. Consumers...

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Low-Code Solutions Gain Traction In Banking And Insurance Digital Transformation
Low-Code Solutions Gain Traction In Banking And Insurance Digital Transformation
September 09, 2024  |  Innovation

Digital transformation without a clear strategy is like setting sail without a destination. Most projects sink before they reach the shore. Seventy percent of digital...

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68% of Businesses Plan to Add Instant Payments Within 2 Years
68% of Businesses Plan to Add Instant Payments Within 2 Years
September 09, 2024  |  Faster Payments

Instant payments have captivated businesses and consumers with the promise of a more agile financial ecosystem. Despite widespread enthusiasm, however, the transition from traditional payment...

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FDIC Takes Hard Look at ‘For Benefit Of’ Accounts
FDIC Takes Hard Look at ‘For Benefit Of’ Accounts
September 06, 2024  |  Bank Regulation

The ties that bind banks and FinTechs will be more closely watched by the Federal Deposit Insurance Corporation (FDIC), and a formal proposal/rule from the...

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UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
September 06, 2024  |  Regulation

The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Despite changes...

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BNY Acquires Archer to Tap Retail Managed Account Market
BNY Acquires Archer to Tap Retail Managed Account Market
September 05, 2024  |  Acquisitions

BNY agreed to acquire asset management solutions firm Archer. “Managed accounts are one of the fastest-growing investment vehicles in the asset management industry, enabling investment...

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FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
September 05, 2024  |  Banking

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general....

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Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
Liability Remains Murky Despite Reduction in UK Push Payments Fraud Fine
September 04, 2024  |  Security & Fraud

It’s said in jurisprudence that hard cases make bad law. Bad laws have the unintended consequences of hurting society, encouraging bad behavior, or both. In...

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