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.

China’s FinTechs Will Be Subject To New Capital Requirements

China’s FinTechs Will Be Subject To New Capital Requirements
China’s FinTechs Will Be Subject To New Capital Requirements
March 02, 2021  |  Bank Regulation

Chinese regulators continue to tighten rules for financial technology companies. On Tuesday (March 3), a top official said that FinTechs will be required to meet...

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Square’s Bank Is Open For Business – Now What?
Square’s Bank Is Open For Business – Now What?
March 02, 2021  |  Banking

Square gets a bank – and so, now what? It may be the case that the proverbial floodgates have opened for FinTechs to leverage what we...

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DIY Banking Takes Consumers Beyond The Branch
DIY Banking Takes Consumers Beyond The Branch
March 02, 2021  |  Banking

The pandemic has quickly pushed the payments world toward the direction of “hands-off.” The rise of contactless payments and digital banking will attest to that....

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Banks Avoid Large Deposits As Negative Interest Looms
Banks Avoid Large Deposits As Negative Interest Looms
March 02, 2021  |  Banking

The biggest German lenders, Deutsche Bank and Commerzbank, are shying away from larger deposits, according to The Wall Street Journal (WSJ) on Monday (March 1),...

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Square’s Utah Bank Now Open For Business
Square’s Utah Bank Now Open For Business
March 01, 2021  |  Banking

Square is now operating its state-chartered industrial bank, Square Financial Services, in Utah after the state’s Department of Financial Institutions gave it the green light,...

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Essential Federal Credit Union Teams With Elan Financial Services On Credit Cards
Essential Federal Credit Union Teams With Elan Financial Services On Credit Cards
March 01, 2021  |  Partnerships

To connect its members with a collection of credit card products and services, Louisiana-based Essential Federal Credit Union (Essential) has teamed with Elan Financial Services,...

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Walmart, Super Apps, And The Rise Of The New ‘Retail’ Bank
Walmart, Super Apps, And The Rise Of The New ‘Retail’ Bank
March 01, 2021  |  Retail

Retail banking, indeed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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Innovative Approaches To Retail And Banking 
Innovative Approaches To Retail And Banking 
March 01, 2021  |  Today In Data

Carvana set a number of records for its last quarter and full year, but the used car seller posted a bigger-than-expected loss from quick growth as it struggles...

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