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Category: Business Banking


Activity, Business Banking, Products, Trading

Wall Street’s next trading innovation: Air-fare derivatives

January 23, 2020

Via: CNBC

European planemaker Airbus is working with Nasdaq to develop a derivatives-based trading platform that will allow airlines to protect against swings in ticket prices. Just like airline companies use oil futures to hedge against the volatility in fuel costs, they […]


Business Banking, Products, Regulations

Cashaa opens broker account for crypto businesses to enforce new FCA rules

January 20, 2020

Via: Finextra

Cashaa’s mission is to help crypto businesses get access to banking who have always struggled with traditional banks. Finally, in 2019, it started its operations in partnership with an FCA regulated entity intending to become the go-to banking services provider […]


Business Banking, Products

Deutsche Bank to launch new digital legal document management system globally

December 18, 2019

Via: Finextra

It will ensure secure and fast access to relevant documents for all Legal department employees of Deutsche Bank, who are located in 27 countries and operating globally. The NetDocuments system will make the collaboration between Legal department employees better and […]


Business Banking, Products

Apple Card fees pinch retailers’ profits this Christmas

December 12, 2019

Via: Banking Technology

Because the fees incurred by these elite cards are part of the cost of accepting credit cards, it’s the merchant which has to fork out to cover it rather than the consumer. The reason for the higher fees is down […]


Business Banking, Products

JP Morgan and Baton Systems develop real-time clearing system

November 18, 2019

Via: Banking Technology

According to the firms, the new system will address the challenge of having to tie-up excess funds across the clearing workflow by integrating settlement instructions for custodians and other funding sources into existing treasury platforms. The resulting end-to-end automation of […]


Business Banking, Products

Google is getting into banking with the search giant set to offer checking accounts next year

November 13, 2019

Via: CNBC

Google will offer checking accounts next year, according to a source familiar with the company’s plans, representing Big Tech’s boldest move yet into the consumer banking business. Most previous efforts have focused on credit cards and payment platforms. The accounts […]


Business Banking, Products

JPMorgan has a plan to help Amazon and Airbnb look more like banks

November 6, 2019

Via: Bank Innovation

The bank has spent the last year developing an e-wallet tailored for companies such as Airbnb, Lyft Inc. and Amazon.com Inc. that it says could help online marketplaces and companies in the gig economy defend against getting cut out of […]


Business Banking, Products, Regulations

Mastercard, Visa, eBay and Stripe follow PayPal’s suit and leave Facebook’s Libra

October 14, 2019

Via: Banking Technology

The Financial Times and Bloomberg reported the decisions by five heavy-weight backers to pull out of the project, which now leaves Libra with no major US payment processor following PayPal’s drop out too earlier last week. On Wednesday last week, […]


Business Banking, Products

Norway’s largest bank set to monopolise country with all-access mobile banking app

October 9, 2019

Via: Banking Technology

Last year DNB and Danske Bank became co-owners of the fintech. Now this joint acquisition is seeing Oslo-based DNB seek the “favoured” spot for Norway’s mobile banking app champion. “With access to every bank in Norway, DNB can now digitally […]


Business Banking, Products

Robinhood makes second attempt at launching a high-yield account similar to banks

October 8, 2019

Via: CNBC

Robinhood is giving banking another shot. Ten months after the failed launch of a checking and savings account, the free stock-trading start-up announced a cash management account with a 2.05% interest rate. The APY is more than twenty times higher […]