PYMNTS-MonitorEdge-May-2024

financial institutions

Investment Bank Layoffs Hit Europe’s Financial Centers
Investment Bank Layoffs Hit Europe’s Financial Centers
December 13, 2022  |  Personnel

U.S. bank Citi is the latest investment bank to axe staff in Europe. Joining the likes of Deutsche Bank and Credit Suisse, Reuters reported earlier...

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Bank of England Will Stress Test Financial Markets
Bank of England Will Stress Test Financial Markets
December 13, 2022  |  emea

England’s central bank is planning on gauging the resiliency of non-bank financial markets. As one of its most important protective functions, the Bank of England...

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Banks and FinTechs Enter New Phase of B2B Payments Partnerships
Banks and FinTechs Enter New Phase of B2B Payments Partnerships
December 08, 2022  |  B2B Payments

In the new connected economy, FinTechs and banks have new ways to serve clients. Sorting out the successes and learnings of the pandemic’s digital shift...

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TCH: Consumers Want Bank Stablecoins but Regulators Block the Path
TCH: Consumers Want Bank Stablecoins but Regulators Block the Path
November 18, 2022  |  Cryptocurrency

FTX’s meltdown and crypto’s whipsaw gyrations continue to shake retail investors, many of whom will be wiped out. Institutional investors are shying away from the...

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Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs
Binance CEO Wants to be ‘Bridge’ for Crypto, Traditional FIs
November 02, 2022  |  Cryptocurrency

Binance Founder and CEO Changpeng Zhao is reportedly considering buying banks, saying such a move would build a bridge between crypto and traditional finance.  Zhao...

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FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021
November 01, 2022  |  Security & Fraud

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. The...

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FIs, FinTechs Leverage Blockchain To Power X-Border Payments In EU, Middle East
FIs, FinTechs Leverage Blockchain To Power X-Border Payments In EU, Middle East
October 19, 2022  |  Blockchain

In discussions of blockchain technology and its effect on payments, the idea that cryptocurrencies like Bitcoin will replace fiat money abounds. While arguments for and...

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FIs, Startups and Policymakers Drive Intra-African Trade, Payments Within EU-Style Customs Union
FIs, Startups and Policymakers Drive Intra-African Trade, Payments Within EU-Style Customs Union
October 18, 2022  |  Cross Border Commerce

Africa is often lagging behind when it comes to global trade but in recent years, projects aimed at building a more autonomous pan-African economy, many...

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CFPB: Colleges Need to Protect Students From ‘Junk Fees’
CFPB: Colleges Need to Protect Students From ‘Junk Fees’
October 13, 2022  |  CFPB

America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday...

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