Revolut is reportedly continuing its European expansion by offering Irish customers local bank accounts. As Bloomberg News reported Monday (Jan. 23), the launch of Irish International Bank Account Numbers (IBANs) means the British FinTech’s 2 million-plus Irish customers can stop using IBANs from Lithuania. Revolut...
Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. Even with efforts to stem...
To head off financial risks, the People’s Bank of China (PBOC) plans to manage growth of the money supply. Its remarks could be seen as a warning against a stimulus approach to an economy that is slowing along with a trade war, Financial Times reported....
In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Regulations take shape, usually quite a bit more slowly. So it is with the Chinese alternative lending space, with various nomenclature in place, seemingly interchangeable, embracing P2P loans or internet...
June 29, 2018
Beyond bitcoin and the buzz around blockchain, payments that wind their way across borders might get a boost from Santander and Ripple. The two firms have debuted One Pay FX, a mobile service, that settles international payments with speed and safety. Ed Metzger, head of innovation at Santander UK, tells PYMNTS that the service has been years in the making.
September 13, 2023
HSBC has launched a multi-market business account opening service. This service aims to help businesses expand overseas by simplifying the account opening process and addressing long-standing challenges faced by internationally-minded businesses, the banking and financial services organization said in a Wednesday (Sept. 13) press release emailed to PYMNTS. “Using a dedicated portal, the streamlined digital application process […]
January 23, 2023
Revolut is reportedly continuing its European expansion by offering Irish customers local bank accounts. As Bloomberg News reported Monday (Jan. 23), the launch of Irish International Bank Account Numbers (IBANs)...
November 16, 2018
Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause payments to move underground and...
November 02, 2018
To head off financial risks, the People’s Bank of China (PBOC) plans to manage growth of the money supply. Its remarks could be seen as a warning against a stimulus...
