Santander recently launched its digital bank, Openbank, in the U.S. Openbank is offering high-yield savings accounts and has plans to expand into a full-service digital bank by the end of 2025. As Europe’s largest digital bank by deposits, Openbank aims to provide comprehensive banking services to i
Mastercard has recently introduced a suite of innovative tools designed to empower consumers to take control of their financial data sharing with third-party entities. At the core of this offering is Connect Plus, a comprehensive control center that allows users to link their bank accounts and
The retail banking sector is on the brink of significant transformation, driven by emerging trends, technological advancements, and evolving consumer preferences. A recent report from HTF Market Intelligence predicts the global retail banking market will expand from $600 billion in 2023 to $850
Morgan Stanley has experienced a significant surge in investment banking, marking a robust revival on Wall Street. In the third quarter, the firm’s profits greatly surpassed analysts’ expectations, highlighting its exceptional performance. Robust Investment Banking Boost The investment banking fees
The banking industry has reached unprecedented levels of profitability, boasting record revenues and net income. Yet, behind these impressive statistics lie significant challenges that question the sustainability of this financial performance over the long term. Unprecedented Financial Performance
Revolut, a prominent FinTech firm, has launched a new point-of-sale (POS) terminal device targeted at larger businesses in the UK and Ireland. This launch is strategically planned to coincide with Black Friday and the upcoming festive shopping season. Designed to bolster Revolut's
