banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Deutsche Bank’s Exposure Grows In Danske Money Laundering Probe
Deutsche Bank’s Exposure Grows In Danske Money Laundering Probe
December 06, 2018  |  Security & Fraud

Deutsche Bank’s exposure to the Danske Bank money laundering scandal has increased after the bank found it processed an additional €31bn of suspicious funds for...

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SWIFT Pilot Focused On Reducing Payment Message Errors
SWIFT Pilot Focused On Reducing Payment Message Errors
December 06, 2018  |  Payment Methods

SWIFT has announced the launch of a pilot program for an integrated gpi payments service designed to enable the fast identification and elimination of errors...

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NY Bank Launches Blockchain Digital Payments Platform
NY Bank Launches Blockchain Digital Payments Platform
December 05, 2018  |  Blockchain

Banking in blockchain – with real-time payments as a kicker? CoinDesk reported this week that Signature Bank, which is based in New York, is debuting...

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Mastercard Incurs $650M Charge Over EU Antitrust Fine
Mastercard Incurs $650M Charge Over EU Antitrust Fine
December 04, 2018  |  ANTITRUST

Mastercard incurred a $650 million fourth-quarter charge related to a large fine over a 2015 EU antitrust investigation, Reuters reported on Tuesday (Dec. 4). The company was accused...

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BIS Head: Amazon, Alipay Pose Risk To Banks
BIS Head: Amazon, Alipay Pose Risk To Banks
December 04, 2018  |  Banking

Amazon, Alibaba’s payment affiliate Alipay and other internet and Big Data players are a threat to traditional banks, warned Agustín Carstens, head of the Bank...

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FCA Awards P2P Lender Zopa First UK Banking License
FCA Awards P2P Lender Zopa First UK Banking License
December 04, 2018  |  Banking

British peer-to-peer lender Zopa announced that it has been awarded a U.K. banking license, with restrictions, from the Financial Conduct Authority (FCA). Launched in 2005,...

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London Could Lose Billions In Banking Assets As A Result Of Brexit
London Could Lose Billions In Banking Assets As A Result Of Brexit
November 29, 2018  |  Brexit

Frankfurt Main Finance, the lobbying group, is warning that London will lose up to €800bn (£700bn) in assets to Frankfurt by March as banks begin moving...

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Danske Bank Charged In Money Laundering Scandal
Danske Bank Charged In Money Laundering Scandal
November 28, 2018  |  Security & Fraud

Preliminary charges have been filed against Denmark’s biggest lender, Danske Bank, over allegations that it violated the country’s money laundering laws, according to a report...

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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
November 27, 2018  |  B2B Payments

The metaphor has been repeated countless times: Small businesses (SMBs) are the backbone of the economy. So, access to capital isn’t just essential for these...

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