SVB Financial Sues to Recover $1.9 Billion From FDIC
The parent company of Silicon Valley Bank claims that the American banking supervisory authority owes it $1.9 billion.
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KeyBank Launches Homebuyer Assistance Program for Underserved Communities
KeyBank announced the launch of a program to assist in the purchase of housing for underserved communities.
UK Reportedly to Make Overseas Banks Replace Branches With Subsidiaries
The media reported that the Central bank of Great Britain is currently studying the possibility of introducing new restrictive measures against international financial institutions that operate in this country.
Orange to Exit Banking Business
The French telecommunications company Orange has intentions to exit the retail banking business in Spain and France.
NatWest Launches Incentives for New and Expanded Business Accounts
NatWest has developed preferential offers for UK businesses that already have or are just opening accounts with this financial institution.
Top 10 Banks in Poland
Poland has one of the strongest economies in Eastern Europe and is also one of the fastest-growing within the European Union. Its economic strength is supported by stable macroeconomic conditions, affordable labor, and a strategic location, making the country a prime destination for foreign investment (.pdf). Poland’s banking sector has experienced impressive growth over the […]
Flutterwave scandal
Nigerian fintech unicorn, Flutterwave, valued at over $3 billion, has faced a range of scandals lately. Let’s shed some light on the skeletons in the closet of one of the most successful African industry players to date.
Customer Demand for Sustainability Banking Tools Far Exceeds Supply: Research
Almost 40% of UK citizens would like their financial institution to offer banking tools to track their sustainability impact
What Is the New Name of Allahabad Bank
Allahabad Bank was a bank in India that was founded in Allahabad in 1865. The bank had a long and rich history of providing banking and financial services to the citizens of India.
Shopify and Volt Forge Open Banking Partnership
E-commerce company Shopify has announced the beginning of an open banking partnership with Volt.
HSBC Launches Startup and Tech-Focused Innovation Banking Unit
HSBC rebrands and expands previously acquired SVB UK as the HSBC Innovation Banking unit to provide banking services to the startup, investor, and broader tech community
Philippines Cuts Banks’ Reserve Ratio
The Central Bank of the Philippines decided to reduce the level of the norm on the availability of mandatory reserves for financial institutions at the end of the month.
Facial Recognition to Work at 20K ATMs in Japan
After about four years in working, facial recognition biometric solution from the Seven Bank is set to be deployed at around 20,000 ATMs nationwide as early as March 2024
NatWest and Edinburgh University Launch New Innovation Centre
NatWest Group and the University of Edinburgh are jointly implementing a project aimed at implementing efforts to create a Center for Purpose-Driven Innovation in Banking.
BIS Successfully Tests Quantum-Safe Financial Communications
The BIS Innovation Hub Eurosystem Centre in partnership with European banks has successfully set up a quantum-safe communication channel that shields financial data
Robinhood Customers Shift to High-Yield Deposits Amid Banking Turmoil
Robinhood Markets reports that its customers are switching to high-yield deposits.
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