#banking
#banking

SEC's Approval of Bitcoin Markets May Set the Stage for Financial Disaster

The neoliberal financial system is dominated by megabanks and shadow financial institutions, leading to increased inequality and reliance on government bailouts.

The approval of bitcoin exchange-traded funds by the SEC could have significant impact on the global money system but also poses the risk of another financial crisis. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Cryptocurrency

130-Year-Old German Bank Partners With Bitcoin Consulting Firm for Innovative Offerings

Volksbank Raiffeisenbank Bayern Mitte eG has partnered with terahash.energy GmbH to collaborate on promoting Bitcoin and developing new offerings.

VR Bank Bayern Mitte eG has been offering Bitcoin-related services since April 2022 and sees the partnership as a way to expand their Bitcoin strategy.

The partnership aims to combine VR Bank's reliability and terahash's expertise in Bitcoin, energy, and data centers for joint service and educational development. [ more ]

Sacramento Bee

What will happen to interest rates on your savings this year as the Fed fights inflation?

Interest rates are starting to decrease, potentially pushed lower by the Federal Reserve dropping rates later in the year. [ more ]

London Business News | Londonlovesbusiness.com

3 weeks ago

Growth hacking

Rising interest rates have negatively impacted asset growth

Banks are shifting focus to new product lines like Trade Receivables despite challenges, with optimism for supply chain finance asset growth. [ more ]

www.nytimes.com

2 months ago

Digital life

Looking for a Lower Credit Card Interest Rate? Good Luck.

Smaller banks and credit unions offer lower interest rates on credit cards than larger banks.

Online card comparison tools often prioritize cards from larger banks for financial incentives. [ more ]

www.fastcompany.com

2024 Layoffs: Citigroup announces it will cut 20,000 jobs as banks report lower Q4 profits

The profits of JPMorgan Chase, Bank of America, and Citigroup fell last quarter due to higher interest rates and industry costs from the banking crisis.

Despite the decline in profits, the banks had a strong year in 2023 driven by a resilient job market and consumer spending. [ more ]

moreinterest-rates

techcrunch.com

1 day ago

Microsoft dodges UK antitrust scrutiny over its Mistral AI stake

Microsoft won't face antitrust scrutiny in the U.K. over its investment in Mistral AI. [ more ]

TechCrunch

YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank's customers | TechCrunch

Cambio is using AI bots on phone calls to assist with sales calls for banks and credit unions.

The startup initially offered an AI-powered service for debt collections and now focuses on helping consumers get out of debt. [ more ]

Forbes

Council Post: The Risks And Benefits Of Generative AI In Banking

AI integration in banking requires managing regulatory requirements alongside operational efficiency.

The risks associated with AI in banking include data poisoning, reverse engineering, deep fakes, and non-compliance. [ more ]

MobileAppAaily

6 Predictions Of 2024 That Will Put AI To Reality Check Test

AI's impact in 2023 fell short of expectations

AI will bloom in tech, banking, pharmaceuticals, and education in 2024 [ more ]

American Banker

How generative AI is entering the conversation in banking

Senior banking leaders are interested in generative AI

There is no great urgency to be the first to adopt generative AI [ more ]

Fintech Nexus

6 months ago

moreArtificial intelligence

Generative AI Adoption at Banks: Opportunities for Fintechs?

Bank executives have concerns about data security and regulatory compliance when it comes to using generative AI in banks.

47% of banking executives have started implementing generative AI in the proof-of-concept stage, while 35% are piloting and testing use cases.

Fintech firms should consider the fears and preferences of bank executives when selling generative AI services. [ more ]

ABC7 San Francisco

2 days ago

Changes from Visa mean Americans will carry fewer physical credit, debit cards in their wallets

Americans may soon carry fewer physical cards as Visa introduces a feature for one card to link to multiple bank accounts. [ more ]

Intelligencer

Jamie Dimon's $4 Trillion Machine

First Republic bank collapsed and was acquired by JPMorgan Chase, preventing a spread of panic.

JPMorgan Chase is the largest bank in the world with $4 trillion in assets and significant market presence in the United States. [ more ]

Entrepreneur

1 month ago

Bootstrapping

3 Advisors Every Business Owner Needs | Entrepreneur

Entrepreneurs need a solid network of trusted partners and advisors for success.

A banker can provide expertise in capital structures, strategic guidance, and valuable network connections. [ more ]

Irish Independent

1 month ago

Tech industry

Bank of Ireland app users face having to buy new phone or tablet to avoid losing access to digital services

Users need to update to Android 11 or higher for Bank of Ireland app support.

Customers with iPhones need iOS 15 for app support. [ more ]

Exchangewire

Marketing tech

European Banking Veteran Frank Krings Joins Zeotap as Senior Advisor

Frank Krings joins Zeotap as senior advisor and shareholder

Krings will support Zeotap's CDP initiatives in the banking, insurance, and asset management sectors [ more ]

Alleywatch

Education

Fintech's Leap Forward: Revolutionizing Student Financial Management

Fintech revolutionizes student loan refinancing

Fintech provides customized banking experiences for students [ more ]

TechCrunch

Startup companies

N26 launches stock and ETF trading to complement its banking offering | TechCrunch

N26 is rolling out stock and ETF trading in Austria as part of a renewed focus on core markets.

The company is shifting its focus to efficiency and profitability, while also improving anti-money laundering controls and finding new revenue sources. [ more ]

Coindesk

Cryptocurrency

Rulematch, a Swiss Crypto Exchange for Banks, Goes Live With Spain's BBVA

Switzerland has established a new cryptocurrency exchange for banks called Rulematch, which has already onboarded seven banks and large securities firms including BBVA.

Rulematch aims to provide institutional participants with an anonymous central-limit-order book, fast execution times, and integrated post-trade settlement. [ more ]

www.cbc.ca

Canada news

Alberta BMO customer on the hook after almost $10K disappeared from her account | CBC News

A woman in Alberta is being held responsible for repaying $10,000 that was taken from her bank account without her permission.

The Bank of Montreal (BMO) will not reimburse her for the missing amount, leaving her to pay it back with interest. [ more ]

www.cbc.ca