The Consumer Financial Protection Bureau has asked a federal court to vacate its own open banking rule because it believes the rule exceeds the bureau’s authority and is arbitrary and capricious in its scope. In a motion for summary judgment filed Friday evening in the U.S. District Court for the Eastern District of Kentucky, the
[BENGALURU] Digital banking startup Chime Financial said on Monday (Jun 2) it was targeting a valuation of up to US$11.2 billion on a fully diluted basis in its long-awaited New York initial public offering, underscoring the growing momentum in the new listings market. San Francisco, California-based Chime and some of its existing shareholders are seeking
SEDCO, a global leader in customer experience and digital transformation solutions, has partnered with S2M, a pioneer in payment and card management technologies, to deliver next-generation self-service banking solutions. Announced at Seamless ME 2025 in Dubai recently, the partnership aims to provide banks with integrated, AI-powered solutions that enhance customer convenience and operational efficiency. The
The savings banks’ online banking had to contend with massive disruptions on Sunday. The release of transactions with the S-pushTAN app failed. However, the problem is said to have been resolved meanwhile. The first reports appeared on the Allestörungen portal at around midnight, rising to more than 4,500 by midday on Sunday. Since then, the
SINGAPORE – Some DBS and POSB customers could not log in to the banks’ digital banking services for over two hours on June 2 afternoon. From around 2pm, users began reporting the disruption to both the app and website on Downdetector, a website that tracks service disruptions. More than 1,735 reports in total were recorded
Russia’s economy is under threat from a potential banking crisis, companies withholding dividend payouts and a significant downturn in growth. The Kremlin-linked Centre for Macroeconomic Analysis and Short-Term Forecasting (CMASF) raised concerns about issues in the banking sector, including an increased likelihood of a run on banks. In a report this week, the CMASF highlighted
Starting July 1, major private sector banks like HDFC Bank and ICICI Bank will increase charges on various credit card and banking services. Both banks have informed their customers about the changes through official notifications. HDFC Bank has announced new charges for credit card users, especially for transactions involving online gaming, digital wallets, and utility
This article was written by Follow Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know! Analyst’s Disclosure: I/we
Erin El Issa | NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Banking misconceptions abound, according to a new NerdWallet survey. The survey of more than 2,000 U.S. adults, conducted
Our Nerds say: “The best checking accounts are designed to be used for all of your regular purchases and transactions, so make sure to pick one that has all of the features that matter to you. “If you need a flexible overdraft program, pick a bank that has low or no overdraft fees or a