Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade, as the number of defaulted loans has skyrocketed since the onset...
As the U.K.’s banks reconfigure their branches to accommodate a COVID-19 world, some are converting portions of the underused real estate into office space. The...
With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable...
Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives...
Before the deluge – of possible bankruptcies, that is – come the provisions. Earnings season has shed light on the actions banks are taking to...
Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance...
European banks are preparing to take huge losses on their loans as COVID-19 keeps taking its toll on financial institutions. The Financial Times reported the...
Financial crime is a constant worry for all financial institutions (FIs). A recent study found that more than one-quarter of malware attacks in 2019 targeted...
The troubles afflicting Wirecard AG are not limited to the German payment processing company. Some European lenders say they expect to recover as little as 20...