Bank ABC Partners with Temenos and NdcTech to Implement Next-Generation Core Banking System
Bank ABC, one of MENA’s leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail,...
Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo Join Versanas Transformative Digital Data...
Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry...
Brightwell Teams with Visa to Expand ReadyRemits International Real-Time Payment Capabilities for Customers
Global payments technology company, Brightwell, today announced that it is making it easier for fintechs, money transmitters, and prepaid and banking providers to integrate...
US And Europe On High Alert Because of The Banking Stress
The banking industry's stress is being closely monitored for the possibility of a credit crunch, a U.S. Federal Reserve policymaker warned on March 26,...
$2 Billion of Cash of SVB Financial Is Being Held By FDIC
Silicon Valley Bank's former parent business must now wait to see if it can reclaim the almost $2 billion in cash that regulators seized...
Banks In Gulf Too Raise Interest Rates Amid Fed Hike In US
The UAE has joined other Gulf central banks in raising interest rates, following a hike by the US Federal Reserve.
The Central Bank of the...
As Regional Banks Struggle, US Witnesses Deposits Steadying
On March 19, U.S. officials claimed that the deposit outflows that left several regional banks reeling in the event of Silicon Valley Bank's bankruptcy...
SVB Fall May Lead To Healthcare Firms Turning To Big Banks
Healthcare companies may turn to traditional major banks and prioritize cash conservation after the failure of regional lenders like Silicon Valley Bank and Signature...
SVB Collapse And How Biotechnology Industry Is Coping Up
Within just 48 hours, the bank that several new biotechnology companies had relied on for ages was gone.
On March 10, the Federal Deposit Insurance...
SVB Failure Prompts US To Elevate The Banking Confidence
U.S. authorities took extraordinary measures on March 12 to rebuild trust in the banking system after the collapse of Silicon Valley Bank threatened to...