banking - page 11

Articles

Top 10 Banks in Poland

Poland has one of the strongest economies in Eastern Europe and is also one of the fastest-growing within the European Union. Its economic strength is supported by stable macroeconomic conditions, affordable labor, and a strategic location, making the country a prime destination for foreign investment (.pdf). Poland’s banking sector has experienced impressive growth over the […]

Fintech & Ecommerce

Flutterwave scandal

Nigerian fintech unicorn, Flutterwave, valued at over $3 billion, has faced a range of scandals lately. Let’s shed some light on the skeletons in the closet of one of the most successful African industry players to date.

News

Customer Demand for Sustainability Banking Tools Far Exceeds Supply: Research

Almost 40% of UK citizens would like their financial institution to offer banking tools to track their sustainability impact

Articles

What Is the New Name of Allahabad Bank

Allahabad Bank was a bank in India that was founded in Allahabad in 1865. The bank had a long and rich history of providing banking and financial services to the citizens of India.

Fintech & Ecommerce

Shopify and Volt Forge Open Banking Partnership

E-commerce company Shopify has announced the beginning of an open banking partnership with Volt.

News

HSBC Launches Startup and Tech-Focused Innovation Banking Unit

HSBC rebrands and expands previously acquired SVB UK as the HSBC Innovation Banking unit to provide banking services to the startup, investor, and broader tech community

Finance & Economics

Philippines Cuts Banks’ Reserve Ratio

The Central Bank of the Philippines decided to reduce the level of the norm on the availability of mandatory reserves for financial institutions at the end of the month.

Fintech & Ecommerce

Facial Recognition to Work at 20K ATMs in Japan

After about four years in working, facial recognition biometric solution from the Seven Bank is set to be deployed at around 20,000 ATMs nationwide as early as March 2024

Finance & Economics

NatWest and Edinburgh University Launch New Innovation Centre

NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.

Fintech & Ecommerce

BIS Successfully Tests Quantum-Safe Financial Communications

The BIS Innovation Hub Eurosystem Centre in partnership with European banks has successfully set up a quantum-safe communication channel that shields financial data

News

Robinhood Customers Shift to High-Yield Deposits Amid Banking Turmoil

Robinhood Markets reports that its customers are switching to high-yield deposits.

News

UK Neobank Monzo Records First Monthly Profits

British neobank Monzo said that it managed to achieve profitability.

News

Wells Fargo Reportedly Works With Borrowers as Office Sector Struggles

The media reports that Wells Fargo management expects that the activities of this financial institution in the field of real estate lending will have a negative result in the form of losses.

Science & Technology

Kasisto Introduces Banking-Specific LLM KAI-GPT

The KAI-GPT large language model (LLM) is designed to address the banking industry’s unique needs for accuracy, transparency, trustworthiness and customization

Finance & Economics

HKMC Pilots Infrastructure Loan-Backed Securities

The Hong Kong Mortgage Corporation Limited (HKMC) successfully completed its first issuance of infrastructure loan-backed securities under the pilot scheme on infrastructure financing securitisation

News

Amex to Use AI to Improve Customer Experience

After numerous experiments, American Express (Amex) aims to utilize AI technology for approving credit lines as well as providing predictive analytics