banks


Markets

15 Banks Form New Company to Process Letters of Credit in India Using Blockchain Technology

IBBIC's new system will verify data for invoices on goods and services tax, eliminate paperwork and significantly reduce transaction times.

Bandra-Worli Sea Link, Mumbai, India

Markets

Kenyan Banks Warn Customers About Buying Crypto: Report

NCBA Bank Kenya sent a cautionary email to customers who have transacted in crypto in the past.

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Finance

UK's Starling Bank Temporarily Blocks User Payments to Crypto Exchanges: Report

Customers of Barclays and Monzo have also been complaining of difficulty making deposits on exchanges, according to The Telegraph.

City of London

Markets

DBS Bank CEO: We Have Twice as Many Engineers as Bankers

Banks and financial regulators should facilitate the tokenization of the financial system, DBS CEO Piyush Gupta said during Consensus 2021.

Piyush Gupta, chief executive officer of DBS Group Holdings

Videos

Wells Fargo to Offer Crypto Investment to Qualifying Clients

Jumping on the crypto investment bandwagon, Wells Fargo is the latest in a string of big banks to off its clients access to the crypto markets. “The Hash” panel debates the timing and why it matters.

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Finance

Wells Fargo to Offer Crypto Investment to Some Clients

The investments will likely be available to qualified investors next month.

Wells Fargo

Finance

Egypt's Largest Bank Joins Ripple Network for Cross-Border Payments

Egypt is in the top five nations globally in terms of remittance flows from ex-pat communities.

Cairo, Egypt

Markets

Banks Are Already Cracking Down on Crypto, Indian Traders Say

Indian crypto traders are receiving account closure notes from banks, and exchanges see issues with bank transfers

Indian rupees

Finance

Citi Considering Crypto Services Amid Surge in Interest: Report

Trading, custody and financing are all said to be under consideration by the U.S. banking giant.

Citibank (TungCheung/Shutterstock)

Markets

JPMorgan Testing Blockchain Solution to Improve Transfers With Taiwanese Banks

The solution, called “Confirm,” will enable participating banks to confirm recipients’ account information ahead of making payments in near-real time.

JPMorgan Chase