The Citibank logo. Credit: Banking Dive.Citi has unveiled a new token service harnessing blockchain technology to provide digital asset solutions to its institutional clients. The bank made this announcement on Monday.Citi Token Services: Revolutionizing Digital Asset SolutionsThe newly introduced service, Citi Token Services, can convert clients' deposits into digital tokens, which can be utilized...
Credit: PixabayThames Water is said to be teetering on the edge of failure. The foremost water company in the UK, renowned for its significant water loss, incidents of sewage overflow, generous executive salaries, and dividend disbursements, seems to be overwhelmed with debts that exceed its financial capacity to repay.Thames Water is facing a critical...
A young man withdrawing cash from the ATM. Credit Pexel.Bank technology refers to the various technological tools and systems that banks use to provide financial services to their customers. These technologies have transformed the banking industry, making transactions more convenient, secure and accessible.Some of the most important bank technologies include:Online Banking: Allow, customers accessing...
On Wednesday, Axis Bank partnered table reservation, food discovery and restaurant payment platform EazyDiner, to launch Dining Delights, a dining experience for the bank’s customers. Credit: MINTMoghe stated that once the statutory approvals for the deal come in, the integration process will pick up speed and will be completed over the next 18-24 months.A senior...
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Credit: Arnd Wiegmann | ReutersCredit Suisse faces fresh scrutiny from Swiss regulators and the European Parliament after leaked data purported to reveal the bank had served human rights abusers, corrupt politicians, and businessmen under sanctions for...
Until now, the commercial banking system has weathered the pandemic shock even if there are some looming effects, claimed the 2022 Economic Survey tabled in Parliament on January 24.According to the survey, the gross non-performing advances proportion of Scheduled Commercial Banks (SCBs) kept decreasing from 11.2 percent in 2017-18 to 6.9 percent by September...
You can only spend what you have when using a debit card to make a purchase, just like when using cash.What is a debit card?Though it's likely that you already know what a debit card is, just in case: Debit cards are a type of payment instrument provided by banks and other depository institutions...
