banking

By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs' profit beat Wall Street estimates, fueled by a recovery in underwriting, deals and bond trading in the first quarter that lifted its earnings per share to the highest…

American consumers, accustomed to cruising down the well-paved highway of credit card payments, enjoy a smooth ride filled with loyalty program points and convenient one-click purchases. But new on-ramps are emerging and Open Banking, a…

Hong Kong’s ZA Bank revealed plans to provide specialized banking services for stablecoin issuers, a strategy it expects to boost local web3 adoption. The Hong Kong-based virtual bank confirmed on April 5 that it is opening up security for…

Floki’s roadmap reveals plans for launching digital banking accounts that can be topped up with FLOKI tokens. The accounts aim to allow transactions in major currencies such as dollars, euros, and sterling. Floki will introduce debit cards…

Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), has sparked a backlash from consumers after indicating that the regulator would not intervene if banks opted to charge for current accounts.Rathi’s comments at…

The encrypted Ethereum layer 2 network, TEN (aka The Encrypted Network), has announced the completion of a $9 million funding round led by the banking consortium R3. TEN is a layer 2 rollup platform targeting encryption,…

The Chief Executive Officer (CEO) of the payment firm Ripple Labs, Brad Garlinghouse, has revealed the game-changing role of XRP in revolutionizing the banking sector in the world. Ripple CEO Says XRP Can Be Used To Settle…

Bithumb Korea, the operator of South Korea’s second-largest cryptocurrency exchange Bithumb, faces a setback as it fails to secure a deal with major local lender KB Kookmin Bank for the issuance of real-name accounts, potentially hindering…

Subscription-Based Banking Services introduces a dynamic model where customers not only subscribe to bundled financial services but also experience a tailored, AI-enhanced journey that caters to their unique needs.The AI Advantage in…

Tokenization involves the conversion of physical or financial assets into digital tokens on a blockchain. In the context of banking, this means representing assets such as real estate, stocks, or commodities as programmable tokens. Each…