Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. The push toward digital banking seems an inexorable one, with the...
Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 million in pre-seed funding led by Haresh Aswani, as reported on Wednesday (Sept....
In China, digital financial services gain ground among collaborative efforts between tech-savvy upstarts and traditional players. Elsewhere, Monetary Authority of Singapore is eyeing digital-only banking...
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be time-consuming, and comes...
Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially among younger users,...
Deal or no deal? No, not the game show, because in the case of “no deal,” it seems like no one wins. That’s a nod...
Today marks Day 30 of the government shutdown, leading to consequences both complex and serious; and Twitter feuds that can only be described as surreal. The government wasn’t the only place...
At a time when the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. are looking at giving federal bank licenses...
The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. According to...