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.

Can Legal Pot Thrive With Closed-Loop Payments?
Can Legal Pot Thrive With Closed-Loop Payments?
June 21, 2019  |  Payment Methods

People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments...

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UBS Launches SMB Cards To Separate Business Spend
UBS Launches SMB Cards To Separate Business Spend
June 20, 2019  |  B2B Payments

UBS Bank USA is rolling out a new suite of commercial card products for its small business (SMB) customers, according to Bankrate reports this week....

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BoE Warns Cyberattacks By State Actors Pose Larger Threat
BoE Warns Cyberattacks By State Actors Pose Larger Threat
June 18, 2019  |  Banking

A senior policymaker at the Bank of England said a cyberattack by a state actor could corrupt British banks’ records over a period of a...

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Open Banking Co Token Receives $36.5M Investment
Open Banking Co Token Receives $36.5M Investment
June 18, 2019  |  Investments

Turnkey open banking platform Token has received a $36.5 million investment from a few investors, including Opera Tech Ventures, which is the venture division of...

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Deutsche Bank To Overhaul Trading Operations
Deutsche Bank To Overhaul Trading Operations
June 17, 2019  |  Banking

Deutsche Bank has announced that as part of a complete overhaul of its trading operations it’s creating a non-core asset unit, or “bad bank,” to...

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Regulators Call For Better Bank Cybersecurity Oversight
Regulators Call For Better Bank Cybersecurity Oversight
June 17, 2019  |  Regulation

U.S. regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are convoluted and complicated...

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