Open banking may have kicked off with a focus on consumer financial services, but as Russia moves to become the latest market to embrace the framework, the country is targeting open banking’s application toward small- to medium-sized businesses (SMBs). This week’s look at the latest...
Five major banks in Russia saw capital outflows from corporate accounts last month, according to data compiled by Reuters from the nation’s central bank. That news comes despite Russian consumers largely holding faith in the banking system after the central bank moved to prop up several...
March 02, 2022
The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday (March 1). The list includes VTB, the country’s second-largest lender and a financial services provider with branches in Russia, former Soviet states, Europe, Asia, Africa and the United States. Bank […]
