banking

The financial technology company FIS and Banked, a provider of open banking solutions, have partnered to boost the direct transfer of funds across banks. This collaboration aims to harness the potential of open banking, APIs, and real-time…

© Reuters. FILE PHOTO: A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore/File Photo SYDNEY (Reuters) -…

Barclays UK has announced the acquisition of Tesco Bank’s retail banking business for an initial sum of £600 million. The deal involves Britain’s largest supermarket group divesting its banking operations, including credit cards,…

In a seismic shift for the financial services sector, the European Parliament has approved groundbreaking regulations aimed at reshaping the dynamics of credit transfers within the European Union. This forward-thinking legislation, adopted…

In what concerns the intricate tapestry of global commerce, the banking industry stands as a strategic linchpin, orchestrating the delicate dance of trade, sustainability finance, and payments. Recent revelations from the McKinsey Global…

As traditional banks grapple with liquidity challenges, BaaS emerges not just as a lifeline but as the potential game-changer in winning the deposit war. BaaS stands poised to unleash novel strategies and perspectives in the battle for…

Banks are increasingly recognizing the need for a thorough approach to transformation that extends beyond traditional financial metrics. Rather than solely relying on financial indicators, which remain important, a holistic evaluation…

With technological advancements, shifting consumer needs, and regulatory changes steering the course, open banking is not just growing but evolving into a powerhouse. Looking ahead, several trends are set to shape the open banking…

One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year. According to a Bloomberg report, the cooperative financial group, comprising more than 700 local…

KRE bank indexIt was around this time last year that US banking worries began to percolate. That ultimately catalyzed into something of a crisis in March as several banks were wiped out including Silicon Valley Bank, First Republic Bank,…