Banking Industry News
A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Monzo leads the UK neobank market in offering UK consumers' most valued mobile banking features
This is a preview of Business Insider Intelligence's inaugural annual UK Neobank Competitive Edge Study, available exclusively to Enterprise subscribers. In addition to mobile banking coverage, Insider Intelligence publishes thousands of research…
Banking on the success of minority-owned businesses in Minneapolis
As Minneapolis steps up its efforts to promote racial equity and fight systemic racism in the wake of George Floyd's killing, a small but promising bright spot is emerging in the city's quest to help minority-owned businesses access the loans they…
Superyacht Insider: Lucky Few See Inside Russian Banking Billionaire's New 252-Foot-Long Expedition Yacht At Invitation-Only Event
In a normal year, Damen Yachting's innovative 252-foot-long SeaXplorer expedition yacht La Datcha would have been a star of the Monaco Yacht Show …and probably claimed some awards as well. But, as we all know, 2020 is not a normal year. So…
Ecommpay launches open banking payments system for UK market
International payment service provider and direct bank card acquirer, ECOMMPAY, has today announced the launch of its new payment system Open Banking by ECOMMPAY, which enables consumers to initiate online payments to merchants. The…
Fiserv wants to bring open banking, payment apps downmarket
There's no PSD2-style law requiring banks in the U.S. to share data with third-party payment apps, but the market is progressing as if there will be one, leaving some smaller banks at a disadvantage. “Small banks have a different set of…
Australia's Police Bank turns to SISS Data Services for open banking
Member-owned financial institution, Police Bank, has selected SISS Data Services (SDS) as their partner to enable compliance with the first phase of Consumer Data Right (CDR). SDS will help Police Bank participate in open banking by sharing…
Wells Fargo's Allysun Fleming to speak at Banking Automation Summit
Bank Innovation Editors September 30, 2020 Banking Automation Summit Bank Innovation is pleased to announce that Allysun Fleming, treasury management head of client experience at Wells Fargo, will speak at the Banking Automation Summit, a virtual…
SaaS vs On-premise for Digital Banking: 5 Points to Consider
Today companies have rapidly shifted to cloud technologies. With the disruptive technologies and innovations, unprecedented changes have been taking place in all industries, including Financial Services and Digital Banking. As we can see, cloud…
UOB begins roll out of new digital banking services for corporate clients
United Overseas Bank (UOB) has transformed the digital banking experience for its corporate clients with the launch of UOB Infinity, enabling them to manage their banking needs in a simpler, smarter and more personalised manner. The Bank will roll…
Does dirty money need banking secrecy to thrive?
If the demise of Swiss banking secrecy was supposed to flush dirty money out of the system, it appears to be failing. Criminal and regulatory wrist-slaps continue to pile up against banks. Even worse is the allegation that Switzerland lacks real…
'Why I'm Banking on Bitcoin'
Ali's decision has paid off in the short-term, however, and his holding in Bitcoin is up 200% over the past couple of years. “The gains are certainly more attractive than those of traditional stocks and bonds,” he says. Ali, 31, used…
Canada urged to speed up open banking
Delays in adopting open banking are costing Canada in missed opportunities and increased risks for consumers, according to an industry expert. By setting a common standard on how financial institutions can securely share data, the idea behind open…
Banking hubs to be set up in Cambuslang as part of pilot scheme
Residents and businesses in Cambuslang will soon be able to access “game-changing” basic banking services on their own doorstep. Progressive ‘banking hubs' are being set up and Cambuslang is one of only eight UK towns taking…
JPMorgan Finds More Than 500 Workers Got U.S. Virus Relief Funds
More than 500 JPMorgan Chase & Co. employees got assistance from taxpayers aimed at helping businesses through the pandemic -- and dozens of them shouldn't have, according to people with knowledge of the firm's internal investigation. The discovery…
BDO advises clients to do onsite banking as online services becomes inaccessible during payday
Banco de Oro, one of the largest banks in the country, on Wednesday advised its clients to visit its branches and use the automated machines amid the pandemic after their digital system became inaccessible during payday. Some Filipino users took to…
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