Banks

Banking, Credit Cards, Home Loans & Auto Loans. Personal. Small Business. Wealth Management is just some of the main things a Bank will offer in terms of services.

As Windfall Tax Calls Grow, ECB Warns of Impact on Cost of Credit
As Windfall Tax Calls Grow, ECB Warns of Impact on Cost of Credit
November 07, 2022  |  Taxes

As British Prime Minister Rishi Sunak’s government attempts to move on from the short-lived Truss tenure, all signs point toward a major realignment of the...

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Where Today’s Receipt Data Falls Short for FIs and FinTechs
Where Today’s Receipt Data Falls Short for FIs and FinTechs
November 04, 2022  |  Data

“Receipt level data is the Holy Grail of data.” Wil Schobeiri, chief technology officer at Banyan, told PYMNTS that stock keeping unit (SKU)-level information —...

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Neobanks Decimate Staff as They Chase Sustainable Profits
Neobanks Decimate Staff as They Chase Sustainable Profits
November 03, 2022  |  Banking

There’s an old business saying that holds that you can’t cut your way to profitability. Chime and its digital peers are going to put that...

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British Financial Watchdog Cracks Down on Unfair Lenders
British Financial Watchdog Cracks Down on Unfair Lenders
November 03, 2022  |  Bank Regulation

The U.K.’s top financial watchdog is giving banks in that country an ultimatum: treat customers struggling with Britain’s cost-of-living crisis fairly, or be barred from...

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Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
Privacy-Enhancing Technologies Promote Greater EU Inter-Bank Collaboration in Fighting Fraud
November 03, 2022  |  Fraud Prevention

Banks are not the police. And yet, for many crimes, financial institutions (FIs) are often on the front lines when it comes to preventing and...

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Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs
Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs
November 02, 2022  |  Cryptocurrency

Binance Founder and CEO Changpeng Zhao is reportedly considering buying banks, saying such a move would build a bridge between crypto and traditional finance.  Zhao...

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FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022  |  Security & Fraud

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. The...

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UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022  |  Banking

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and...

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SoFi Logs $5B in Deposits as CEO Reports Swiping Share From Banks
SoFi Logs $5B in Deposits as CEO Reports Swiping Share From Banks
November 01, 2022  |  Earnings

“We’re winning share in deposits … and we’re taking it from the traditional banks,” SoFi CEO Anthony Noto said on a Tuesday (Nov. 1) earnings call....

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