BNY Mellon Rolls Out White Labeling Service
The Bank of New York Mellon has presented a White Labeling service for its LiquidityDirect platform.
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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.
Fed Bank Watchdog Supports New Capital Requirements
The Deputy chairman of the Federal Reserve for Supervision, Michael Barr, during a speech at the American Bankers Association (ABA) event on Monday, October 9, said that lenders should consider the new capital requirements as a help, not an obstacle.
Metro Bank Secures $1.1 Billion
The media reported that the British Metro Bank was able to secure $1.1 billion from investors.
Fujitsu to Test Use of Generative AI for Banks
The Japanese technology giant Fujitsu will conduct testing, during which the possibilities of using generative artificial intelligence technology in the banking sector will be explored.
U.S. Bank Launches Online Treasury Solution
U.S. Bank presented an online platform for third-party payments/treasury solutions.
HSBC Launches Trade Finance Offer
Banking giant HSBC has presented a trade finance proposal, through which customers will have access to simplified payment transfer mechanisms to suppliers.
Bank of America Reports Rise in Delinquency Rates
Bank of America has reported an increase in the number of customers of this financial institution who delay credit card payments.
U.S. Bank Launches Services for Medical Institutions
U.S. Bank announced its intention to start providing small medical clinics with the same financial support as larger institutions of similar functional purpose.
Greenlight and Apiture to Provide Family Banking Solutions
Apiture, a provider of digital solutions for banks and credit unions, announced the beginning of cooperation with the fintech company Greenlight Financial Technology, which is focused on serving families.
Citi Adds New Payment Solutions
Citi Treasury and Trade Solutions presented a line of new banking products that are intended for use by financial institutions within the scope of their activities related to the execution of payment transactions.
Swift Enters Beta Testing of CBDC Connector
Swift continues exploring CBDC interoperability, proceeding to the next testing phase with three central banks / monetary authorities and over 30 financial institutions involved
HSBC Launches New Account Opening Service
HSBC has launched a new service for opening business accounts in several markets.
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