China’s Local Governments Support Troubled Banks
In China, regional authorities have issued a record number of special bonds to provide support to small banks that are facing problems.
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Top Neobanks in India
One of the dominant 2023 fintech trends is the continued adoption of digital banking. Neobanks are at the forefront of online and mobile banking, offering fast, accessible and flexible services at competitive rates.
Majority of UK Banks Test GenAI
Currently, according to UK Finance survey, in the United Kingdom, many local companies and organizations that operate in the sphere of financial services are using generative artificial intelligence technologies and tools in a test mode.
Santander Launches Overdraft-Free Checking Accounts
Bank Santander has introduced a checking account, which is designed to provide customers of this financial institution with the opportunity to avoid overdrafts.
Federal Reserve Bank of New York Recognizes Vulnerability of American Lenders
The report of the Federal Reserve Bank of New York contains a statement that at present financial institutions that are part of the structure of the banking sector of the United States are in a more stable position compared to their condition during the crisis of 2008, but this does not mean that creditors are […]
Banco Santander Plans to Expand Business in US Investment Banking
Banco Santander, which is currently the largest financial institution in the Spanish banking sector, intends to expand its operations in the United States.
Bank of England Official Says Technology Increases Risk of Bankruptcy
The use of technology in the banking sector increases the risk of bankruptcy of financial institutions, which is why regulators should take measures to ensure that maintain adequate liquidity insurance by lenders.
Capital One Reports Third Quarter Results
Capital One has published the results of its activities in the period from July to the end of September this year.
Why Is the US Slow to Adopt Instant Payments?
One of the most progressive countries in the world, the US, oddly is lagging behind emerging economies when it comes to payment innovations. As the whole world is rushing to satisfy the public demand for real-time payments, the USA is taking its time to implement instant money transfers into the national financial system. Why is […]
OCBC Bank Rolls Out Internal Generative AI Chatbot
A generative artificial intelligence (AI) chatbot will be available to OCBC’s 30,000 employees globally in November to assist them with writing, research and ideation.
Truist Bank Collaborates With Trovata to Improve Liquidity Management
Truist Bank announced the beginning of a partnership with Trovata, which is a provider of banking application software interfaces (APIs) and corporate cash management services.
BNY Mellon Rolls Out White Labeling Service
The Bank of New York Mellon has presented a White Labeling service for its LiquidityDirect platform.
Silicon Valley Bank Launches Improved Digital Banking Platform
Silicon Valley Bank (SVB), which became the unit of First Citizens Bank after its resonant collapse in March 2023, presented several new products and services.
Metropolitan Commercial Bank to Pay Penalty of $15 Million
Metropolitan Commercial Bank (MCB) announced its agreement to pay a fine of $15 million after the completion of an investigation conducted by the New York State Department of Financial Services (DFS).
EVO Banco Uses AI and Google Maps to Visualize Purchases and Check Their Sustainability
Spanish EVO Banco has launched a new AI-enabled geolocation service to track digital purchases, automatically categorize them and view the sustainability footprint of all merchants involved.
JPMorgan Debuts Blockchain Collateral Settlement
JPMorgan Chase has launched its first collateral settlement for clients using blockchain.
