In an era where technological advancements have made digital payments not just viable but often preferable, it is puzzling to see American businesses, particularly small and medium-sized ones, clinging to paper checks. The allure of checks, perceived as a low-cost or even "free" payment
The alarming rise in digital bank fraud in 2024 has left the financial industry grappling to understand the underlying causes and implement effective countermeasures. According to the 2025 Digital Identity Fraud in Africa Report by Smile ID, digital bank fraud reached an unprecedented 35%, a
Elon Musk's X, formerly known as Twitter, has announced a significant partnership with Visa to launch X Money, a peer-to-peer digital payment platform expected later this year. This strategic move aims to compete with established services such as Venmo and Zelle. With Visa Direct powering the
Metropolitan Commercial Bank (MCB) has taken a significant step in its digital transformation journey by launching an enhanced consumer digital banking platform in collaboration with ebankIT. This development aims to upgrade the banking experience for MCB clients and streamline the onboarding
Lloyds Banking Group, a longstanding British financial institution, has taken a bold step in response to the evolving landscape of digital banking. Over the next four years, the bank plans to close 136 branches under its Lloyds, Halifax, and Bank of Scotland brands. This significant move reflects
As of 2025, digital asset policy stands at a crossroads, with the European Union (EU) and the United States (US) charting markedly different courses. The significance of these policy decisions is magnified by broader global economic challenges, such as pressures on the US dollar's global
