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.

Report: Revolut Planning Share Sale at $40 Billion Valuation
Report: Revolut Planning Share Sale at $40 Billion Valuation
June 21, 2024  |  Digital Banking

Revolut is reportedly planning a share sale and seeking a valuation that would be close to that of Lloyds Banking Group. The British FinTech is...

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Capturing the US Family Dynamic Will Power Open Banking’s Future
Capturing the US Family Dynamic Will Power Open Banking’s Future
June 21, 2024  |  Banking

Without education, awareness, or utility, any innovation will find it hard to scale. Fortunately for open banking, which allows consumers to securely connect to their...

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Singapore Says Banking Sector Is Top Money Laundering Risk
Singapore Says Banking Sector Is Top Money Laundering Risk
June 20, 2024  |  AML

Singapore has identified banks as the entities posing the greatest money laundering (ML) risk to the country. The Monetary Authority of Singapore (MAS), which is a...

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Microservices Are at the Core of Core Banking’s Appeal
Microservices Are at the Core of Core Banking’s Appeal
June 20, 2024  |  Banking

For traditional financial services players, core banking beckons as a way to enable other financial firms — banks and FinTechs included — to set up...

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Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due Diligence
Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due Diligence
June 20, 2024  |  Authentication

For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. But the increasing connectedness...

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NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
NatWest Expands Retail Banking with £2.5 Billion Sainsbury’s Acquisition
June 20, 2024  |  Acquisitions

NatWest Group, one of the largest banks in the U.K., has announced its acquisition of the banking business of Sainsbury’s, the second-largest grocer in the...

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Citi Sees AI Impacting More Than Half Of All Finance Jobs
Citi Sees AI Impacting More Than Half Of All Finance Jobs
June 19, 2024  |  Personnel

Which industry’s job market will be most impacted by artificial intelligence (AI)? According to a new report by Citi, a little more than half —...

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Starling Bank Takes Debtors To Court Amid UK Watchdog Probe
Starling Bank Takes Debtors To Court Amid UK Watchdog Probe
June 19, 2024  |  Banking

Starling Bank is reportedly taking several debtors to court amid a U.K. financial watchdog’s investigation. The neobank has filed petitions against 24 companies that have...

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5 Big Ideas: Making the Case for Instant Payments
5 Big Ideas: Making the Case for Instant Payments
June 19, 2024  |  Faster Payments

In recent years, instant, P2P payments have seen a surge in adoption, emerging as a popular method for consumers to receive funds and make personal...

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