banking

News

HSBC Reportedly to Scale Back Retail Banking in Some Countries

The media has released information according to which HSBC is currently considering scaling back its retail banking operations in countries such as Mexico, Malaysia, Indonesia, and some others.

Fintech & Ecommerce

MCB Bank & BPC to Enhance Security With AI-Driven SmartVista Solution

SmartVista Fraud Risk Management solution will safeguard MCB Bank financial transactions with advanced AI fraud detection capabilities, real-time transaction monitoring, behavioural profiling, and machine learning-based risk assessment.

Blockchain & Crypto

Is Web 3.0 Already Impacting Payments?

Everyone talks about Web 3.0 and how the next evolution of the internet gives users control over their data and assets. It may seem that the third iteration of the world wide web is already in full swing. Is it, though? Let’s take a closer look at the payments industry to discover any traces of […]

Fintech & Ecommerce

Why Faster Settlement and Open Banking Matter in 2024?

We live in the age when speed of sharing information and financial data is critical. Volatile markets, high-liquidity businesses and innovative open banking apps – that’s what defines the XXI century finance. Here’s why you should bother about faster settlement times and implementation of open banking practices in 2024.

Fintech & Ecommerce

Mastercard Allies With Buna Cross-Border Arab Payment System

Mastercard has joined Buna, the Arab Regional Payment System, to enable faster, more affordable cross-border payments in and out of the MENA region.

Articles

Comparing Terms Deposits: Using Interest Calculators to Find the Best Rates

Term deposits are one of the best ways to grow your savings. Otherwise called fixed deposits, you can earn interest by depositing a lump sum for a fixed time. Nowadays, many banks and other financial institutions also offer term deposits with varying rates, which can be pretty overwhelming if you’re unfamiliar with it. Worry no […]

News

Ukrainian Monobank Launched BNPL Marketplace

Ukrainian neobank Monobank has introduced a new marketplace service for gadgets and electronics with BNPL payment options available for every item.

Fintech & Ecommerce

Santander Scales Geography of Platform Openbank

The Openbank digital banking platform, which is part of the Santander virtual ecosystem, has officially become available to consumers living in the United States.

Finance & Economics

BNY and Mizuho Bank to Provide Trade Services in Asia

The Bank of New York Mellon Corp. (BNY) and Mizuho Bank cooperate to provide trade services to corporate clients in Asia.

Finance & Economics

How to Set Up a Bank Account in UAE for Non-Residents

Opening a Non-Resident Bank Account in the UAE presents a valuable financial opportunity for those wanting to leverage Dubai’s thriving economy, growing e-commerce sector and favorable tax environment without residency requirements. This overview explains the steps and benefits of establishing such an account. These accounts are designed for a range of clients, including expatriates, global […]

News

Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud

Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.

Articles

Why You Should Use a Private Lender Rather than a Traditional Bank

When securing a loan, choosing between a private lender and a traditional bank can significantly influence your financial experience. Conventional banks are often seen as the go-to option, but many borrowers find their processes slow, rigid, and impersonal. This blog explores why opting for a private lender might be the wiser choice. We’ll delve into the […]

Articles

The Role of Interest Rates in Business-Term Deposit Decision-Making

Do you own a business or manage it with a group of people? In business finance, it’s really hard to manage your cash flow and still maximize the returns on idle funds. Well, one common strategy that businesses use to achieve these financial goals is to invest in term deposits. But the effectiveness of this is […]

Finance & Economics

U.S. Bank Expands Its Partnership With Edward Jones

U.S. Bank is expanding its partnership with broker-dealer and financial advisor Edward Jones.

News

Celebrating Innovation and Financial Inclusion at the 15th Edition Connected Banking Summit – Ethiopia 2024

Addis Ababa, Ethiopia – August 14, 2024 – Ethiopian Skylight Hotel – The Ethiopian  Skylight Hotel in Addis Ababa became the center of innovation and excellence on August  14th, 2024, as it hosted the 15th Edition Connected Banking Summit – Ethiopia Innovation  & Excellence Awards 2024. This significant event celebrated outstanding achievements in the  banking […]

News

Axis Bank Reveals Ultra Luxury Credit Card With Visa Infinite Privilege Benefits

The new Axis Bank credit card product developed in partnership with Visa targets ultra-high net worth customers in India.