banking - page 8

News

Bank of England Official Says Technology Increases Risk of Bankruptcy

The use of technology in the banking sector increases the risk of bankruptcy of financial institutions, which is why regulators should take measures to ensure that maintain adequate liquidity insurance by lenders.

News

Capital One Reports Third Quarter Results

Capital One has published the results of its activities in the period from July to the end of September this year.

Fintech & Ecommerce

Why Is the US Slow to Adopt Instant Payments?

One of the most progressive countries in the world, the US, oddly is lagging behind emerging economies when it comes to payment innovations. As the whole world is rushing to satisfy the public demand for real-time payments, the USA is taking its time to implement instant money transfers into the national financial system. Why is […]

Fintech & Ecommerce

OCBC Bank Rolls Out Internal Generative AI Chatbot

A generative artificial intelligence (AI) chatbot will be available to OCBC’s 30,000 employees globally in November to assist them with writing, research and ideation.

News

Truist Bank Collaborates With Trovata to Improve Liquidity Management

Truist Bank announced the beginning of a partnership with Trovata, which is a provider of banking application software interfaces (APIs) and corporate cash management services.

Finance & Economics

BNY Mellon Rolls Out White Labeling Service

The Bank of New York Mellon has presented a White Labeling service for its LiquidityDirect platform.

News

Silicon Valley Bank Launches Improved Digital Banking Platform

Silicon Valley Bank (SVB), which became the unit of First Citizens Bank after its resonant collapse in March 2023, presented several new products and services.

News

Metropolitan Commercial Bank to Pay Penalty of $15 Million

Metropolitan Commercial Bank (MCB) announced its agreement to pay a fine of $15 million after the completion of an investigation conducted by the New York State Department of Financial Services (DFS).

News

EVO Banco Uses AI and Google Maps to Visualize Purchases and Check Their Sustainability

Spanish EVO Banco has launched a new AI-enabled geolocation service to track digital purchases, automatically categorize them and view the sustainability footprint of all merchants involved.

News

JPMorgan Debuts Blockchain Collateral Settlement

JPMorgan Chase has launched its first collateral settlement for clients using blockchain.

News

Fed Bank Watchdog Supports New Capital Requirements

The Deputy chairman of the Federal Reserve for Supervision, Michael Barr, during a speech at the American Bankers Association (ABA) event on Monday, October 9, said that lenders should consider the new capital requirements as a help, not an obstacle.

News

Metro Bank Secures $1.1 Billion

The media reported that the British Metro Bank was able to secure $1.1 billion from investors.

Finance & Economics

Italy Revisits Bank Tax After Industry Rebuke

A controversial 40% tax on the banks’ income derived from higher interest rates was revised in Italy, now favouring banks that hold a higher proportion of government bonds

Fintech & Ecommerce

Fujitsu to Test Use of Generative AI for Banks

The Japanese technology giant Fujitsu will conduct testing, during which the possibilities of using generative artificial intelligence technology in the banking sector will be explored.

Finance & Economics

U.S. Bank Launches Online Treasury Solution

U.S. Bank presented an online platform for third-party payments/treasury solutions.

News

HSBC Launches Trade Finance Offer

Banking giant HSBC has presented a trade finance proposal, through which customers will have access to simplified payment transfer mechanisms to suppliers.