Banking News

N26 Bank, a relatively young but powerful force, has shaken up the European banking scene with its focus on mobile-first banking and innovative features. Four years after announcing its plans to enter Brazil and seven months after it began testing but never fully launching its operations, German digital bank N26 said it was withdrawing from the Brazilian

JPMorgan Chase & Co (JPM), using one of the most famous blockchain technologies in modern banking, has just implemented a new feature that lets companies immediately carry out their transactions. JPM Coin now enables clients to program their accounts by incorporating a set of crucial conditions. This functionality empowers them to transfer funds to address overdue payments and

While the memory is still fresh of the previous banking crisis that has seen several global banking giants crumble this year, the recent underperformance of Metro Bank (LON: MTRO) could signal another crisis on the horizon for the already heavily embattled sector. Specifically, the shares of one of Britain’s first challenger banks have crashed nearly 60% across the previous

The Governing Council of the European Central Bank (ECB) has recently announced it was moving onto the next phase of the digital euro project, starting to lay the foundations for its possible issuance next month, although it has not yet made a definite decision on issuing it. Specifically, the preparation phase for this central bank digital currency

Using blockchain technology provided by the China-based Ant Group, HSBC Holdings has successfully conducted test token deposits in intra-group treasury transactions. This test is aimed towards the tokenization of already existing deposits with the aim of their easier transaction between the accounts that are within the HSBC network, reports Finextra on November 1. The test comprised three sections: issuance, transfer, and redemption of deposit

In a significant step towards mainstream adoption of cryptocurrency, DZ Bank, Germany’s third-largest bank by asset size, has announced the launch of a digital asset custody platform built on blockchain technology. This move positions DZ Bank as a frontrunner in integrating traditional finance with the burgeoning world of digital assets. Early in 2023, MicroStrategy’s Michael

The recent seizure of Republic First, a Chicago-based mid-sized bank, has cast a shadow of concern over the financial sector. During 2008, the US housing market’s decline triggered a global financial crisis, spreading from the United States to other parts of the world through interconnections in the global financial system. Numerous banks worldwide faced substantial