Santander, the Spanish banking behemoth, has officially launched its digital banking subsidiary, Openbank, in the United States. This marks a substantial step in Santander’s strategy to expand its footprint and services in the lucrative US market. With this move, Openbank aims to challenge both d
Standard Chartered has recently made significant strides in sustainable finance by launching new variants of their Bonded Bulk Trading Loans (BBTL). This initiative marks a pivotal moment in the bank's efforts to incorporate environmental, social, and governance (ESG) criteria into their trade
In recent years, Swiss banks have increasingly recognized the potential of blockchain technology, integrating it into their growth strategies with a focus on cryptocurrencies. This significant shift towards digital assets is driven by the need to innovate and stay competitive in the rapidly
The fintech industry is a burgeoning sector that offers boundless innovation opportunities while simultaneously bringing forth significant regulatory challenges. Fintech companies must strike a delicate balance between pushing the boundaries of financial technology and adhering to stringent
Social engineering is on the rise and poses a formidable threat in the cybersecurity landscape. This evolving form of cyber attack no longer targets just technological vulnerabilities; it skillfully exploits human psychology, leading to a significant increase in cyber incidents. As cybercriminals
PayNow, the new financial product launched by XTM Inc., holds the promise of transforming the financial stability and inclusivity of migrant and temporary workers in the United States. This article delves deep into understanding how PayNow aims to achieve this and why its introduction is a
Canada's RegTech (regulatory technology) sector has shown remarkable progress in the first half of 2024. As the financial industry grapples with evolving regulations, innovative technologies have emerged to assist institutions in maintaining compliance. This article captures the dynamic
In a groundbreaking move to upgrade its credit screening processes, Seven Bank has implemented a time-limited initiative utilizing “7iD” purchase data for personal loan services. This innovation began on October 16, 2024, marking a promising shift towards a more comprehensive and inclusive credit ev
The rise of digital payments is transforming the financial sector by reducing its environmental impact and promoting sustainability. As more businesses and consumers adopt digital payment technologies, the reduction in the use of physical resources like cash and paper is becoming increasingly
In a climate where institutional interest in Bitcoin is intensifying, Tokyo-listed Metaplanet has taken a bold stance with its aggressive acquisition strategy. The firm has significantly ramped up its Bitcoin purchases, particularly in October, with the latest acquisition bringing its total
