Banks

Business News

Wells Fargo Will Step Back From This Key Industry, Reportedly Conduct Layoffs

The bank announced it will be significantly shifting its focus and taking a step back from the housing market.

Accounting

How This New Accounting Feature Can Save Businesses From Fraud and Financial Mishap

Reconciliation has been a pain point for small businesses for a long time, but new technologies now enable payments companies like banks to automate the reconciliation process. The small business banking market in North America still leaves much to be desired, leaving room for innovative banks to differentiate themselves from competitors.

News and Trends

US Regulators Warn Banks To Be Cautious On Risks From Crypto-Assets

They also highlighted that FTX was a high-profile crypto exchange and collapsed in November due to reported misappropriation of customer funds

News and Trends

The Rise and Fall Of Chanda Kochhar; a Banking Empress

曾被尊为最powerful Indian women is now sadly a not-so-small chink in the armor for ICICI Bank and the banking sector of the country

News and Trends

RBI's Receives Around 13,000 Complaints Against Banks and NBFCs

With the piling grievances of financial customers, RBI receives complaints under its new scheme

Business News

Barclays CEO Will Continue to Run Bank Despite Cancer Diagnosis

C.S. Venkatakrishnan announced on Monday that he will begin treatment for Non-Hodgkin lymphoma.

Money & Finance

Make Saving Fun Again With Yotta

Save money and win cash prizes with Yotta's unique banking model.

News and Trends

Government Initiates Private Banks To Have Low Share In Social Schemes

The ministry has also asked the banks to increase their share of credit to the industry and informed that government would survey banks and rate them in terms of their customer service

Business News

Is Citigroup Inc. Your Next Dividend Buy (NYSE:C)?

Citigroup (NYSE: C) has a lot of skeletons in its closet. Despite the history of bad behavior, is it still a good stock to purchase?

News and Trends

Fintech Startup 1Pay Gets RBI Payment Aggregator License

The company offers Vendor payout system, B2B invoice collection system, e-governance, customized bill payment and BBPS

News and Trends

Finvu AA Raises $2.5 Million Seed Fund

The fund raised will used to expand the team in engineering, business development and enhance its product offerings

News and Trends

HDFC Bank To Launch New Payment Platform In Partnership With Startups

This includes the account opening journey, loan and cards, covering both individual or MSME customers and existing and new-to-bank customers

News and Trends

CredAvenue Rebrands To Yubi

Yubi aims to build trust while creating a democratized financial environment that promises new opportunities

Technology

A New Dawn: Tapping Into Opportunities Presented by Saudi Arabia's Open Banking Scene

Open banking, and at a wider level, open finance, provides the necessary environment for banks, fintech companies, and innovation players to successfully develop the future of banking in Saudi Arabia.