Banking

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Citi Unveils Blockchain Powered Token Service

Banking, Blockchain, Finance & Business, Tech /

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 Solutions The newly introduced service, Citi Token Services, can convert clients’ deposits into digital tokens, which can be utilized for instant cross-border payments, […]

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Debt crisis at UK’s Largest Water Company and Its Implications For Taxpayers

Banking, Finance & Business, Tech /

Thames 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 situation

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The Incredible Bank Technology

Banking, Finance & Business /

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 their accounts, transfer funds, pay bills, and perform

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Credit Suisse Under Scrutiny Over Culture After Client Data Leaks

Banking, Finance & Business, Tech /

Credit 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 decades. Credit Suisse is under fire The Swiss bank denied any wrongdoing and stated it “strongly rejects” the allegations published by dozens of

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Banks Weathered Pandemic Shock, Says Economic Survey

Banking, Finance & Business, Tech /

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

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Using a Debit Card for Holiday Purchases? Here’s Why a Consumer Advocate Says You Shouldn’t

Banking, Finance & Business, Tech /

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 that are connected to checking accounts. Debit card purchases can be made in person at a store, online, or over

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