Banking

The Consumer Financial Protection Bureau (CFPB) intends to move through with a rule requiring financial institutions to offer clients their own data in order to promote open banking and open finance, which is anticipated to boost competition in the...

Marqeta, the global modern card issuing platform announced the release of Marqeta for Banking, a portfolio of seven banking products, continuing the expansion of Marqeta’s modern card issuing platform. Marqeta for Banking provides customers with a full set of...

NatWest Group has entered into a strategic partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (“BaaS”) business in the UK. This strategic partnership will enable businesses to...

Oracle and HSBC, one of the world’s largest financial services organizations, announced a strategic collaboration to accelerate the bank’s digital transformation. Under the multi-year agreement, HSBC will upgrade and migrate select database systems to Oracle Exadata Cloud@Customer, a cloud platform...

Wells Fargo & Co. has partnered with Google LLC’s cloud business to build an artificial intelligence-powered virtual assistant that will help consumers with banking tasks. The companies announced the partnership today. The bank’s new virtual assistant, which is known as...

On October 17th, China's central bank extended aging medium-term policy loans while maintaining the interest rate at its current level for a second month, adding credence to forecasts that conditions will remain loose to support the pandemic-affected economy. The rate...

The Reserve Bank of Australia has issued a warning that more bankruptcies in the home building sector are inevitable as builders struggle with escalating prices. Due to a sharp increase in expenses, as well as labour and material constraints...