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Banks

Discover insights into the banking sector, focusing on trends, innovations, and challenges facing financial institutions today.

Banks

Discover insights into the banking sector, focusing on trends, innovations, and challenges facing financial institutions today.

Banks   -   Jun 04, 2023 Apple Savings Account Customers Can’t Withdraw Due to Security Measures
Apple Savings Account Customers Can’t Withdraw Due to Security Measures

Apple’s Goldman Sachs-run savings account attracted 240,000 new customers in its first week of launch, but many have complained of problems withdrawing their money. Experts have suggested that this may be down to the over-zealous application of anti-money laundering measures.

CBDC   -   May 17, 2023 Digital Euro: European Central Bank Still Beholden to Commercial Banks
Digital euro investigation phase report ECB EuroSystem

A report preceding the final stage of the ECB's investigation into a digital euro shows no signs of redeeming the idea that the project is failing those whom it intends to serve.

Anglosphere no crypto
Banks   -   Jun 06, 2023 “Sorry, No Speaky Crypto!”: Anglosphere Leads Way in Crypto Debanking

Following the recent suspension of Binance’s local bank deposit and withdrawal functionality in both Australia and the UK, why does it seem to be the majority-English-speaking countries whose banks are coming down hardest on crypto?

Jack Martin
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Banks   -   Jun 06, 2023 “Sorry, No Speaky Crypto!”: Anglosphere Leads Way in Crypto Debanking
Anglosphere no crypto

Following the recent suspension of Binance’s local bank deposit and withdrawal functionality in both Australia and the UK, why does it seem to be the majority-English-speaking countries whose banks are coming down hardest on crypto?

Jack Martin
Banks   -   Jun 04, 2023 Apple Savings Account Customers Can’t Withdraw Due to Security Measures
Apple Savings Account Customers Can’t Withdraw Due to Security Measures

Apple’s Goldman Sachs-run savings account attracted 240,000 new customers in its first week of launch, but many have complained of problems withdrawing their money. Experts have suggested that this may be down to the over-zealous application of anti-money laundering measures.

Jack Martin
CBDC   -   May 17, 2023 Digital Euro: European Central Bank Still Beholden to Commercial Banks
Digital euro investigation phase report ECB EuroSystem

A report preceding the final stage of the ECB's investigation into a digital euro shows no signs of redeeming the idea that the project is failing those whom it intends to serve.

Eva Senzaj Pauram
Adoption   -   May 13, 2023 Privacy-Enabled Canton Network Boasts Big-Name Institutional Players
Privacy-Enabled Canton Network Boasts Big-Name Institutional Players

Digital Asset’s “network of networks” allows normally siloed financial systems and institutional assets to interact and synchronize in previously impossible ways. Participants include BNP Paribas, Goldman Sachs, Cboe Global Markets, Microsoft and many others.

Jack Martin
Banks   -   Apr 30, 2023 “No Ban on Accounts for Crypto Firms” - HK Regulator Reminds Banks
“No Ban on Accounts for Crypto Firms” - HK Regulator Reminds Banks

The Hong Kong Monetary Authority has issued a statement reminding banks in the territory that they should not be refusing service to crypto-related enterprises, following complaints of difficulties for some businesses in opening accounts.

Jack Martin
Banks   -   Apr 28, 2023 Japan’s SBI Holdings Buys Into Standard Charter’s Zodia Crypto Custody
Zodia custody by standard chartered bank

The financial services firm led a $36 million series A funding round to become Zodia’s second-largest shareholder. The money will fund geographic expansion, increased token coverage and enhancements to its settlement product, Interchange.

Jack Martin
Banks   -   Apr 25, 2023 Bank of America Buys Into Bitcoin Via MicroStrategy Share Purchase
Bank of America Buys Into Bitcoin Via MicroStrategy Share Purchase

Bank of America looks increasingly bullish on BTC at the moment, with a backdoor investment in the cryptocurrency pioneer via a heavy accumulation of shares in the United States’ favourite bitcoin-ETF proxy, MicroStrategy.

Jack Martin
Adoption   -   Apr 23, 2023 Societe Generale Launches EUR CoinVertible on Ethereum Blockchain
Societe Generale Launches EUR CoinVertible on Ethereum Blockchain

SG-FORGE, the crypto-focused subsidiary of France’s Societe Generale, is launching its Euro-pegged stablecoin, EUR CoinVertible, on the Ethereum public blockchain.

Jack Martin
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