A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital surpluses. Due to their influence within a financial system and an economy, banks are generally highly regulated in most countries.
All stories in Bank
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How banks use AI to catch criminals and detect bias
Imagine an algorithm that reviews thousands of financial transactions every second and flags the fraudulent ones. This is ...
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Dutch researchers are developing quantum technology to secure your bank account
With high speed 5G wireless networks and quantum computers on the horizon, everyone’s personal data is becoming ever more ...
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Our fragile 40-years-old Banking infrastructure can only be saved with AI
IT failures are more common than we think. Admitting that you have a problem means there is a risk in doing business with ...
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Podcast: How banks detect money laundering
Almost nine months ago, we published episode one of the first-ever TNW podcast, Forensic Finance. This podcast, created along ...
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Morgan Stanley’s $13B E-Trade buyout is the biggest bank deal since the financial crash
Wall Street mainstay Morgan Stanley is looking to tap retail investors, having struck the largest deal by a global bank since ...
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Banks are turning homes into trading floors to prep for coronavirus outbreaks
Banks like JPMorgan and Citigroup are sending staff to special disaster recovery sites to ensure their fund managers keep ...
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Monzo is bringing back premium bank accounts to help turn a profit
British-based digital bank startup Monzo is shaping up to have a second crack at paid accounts after failing first time round. ...
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Cambodia just months away from launching its own central bank digital currency
Cambodia's central bank is ready to move into the next stage of its blockchain-powered, peer-to-peer money platform: deployment. ...
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Bitcoin whale moves ball busting $1.1B for just $83
A cryptocurrency whale has moved a mind-boggling $1.1 billion worth of Bitcoin for just $83 — and that's a massive finger ...
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Please blockchain, prove me wrong and get your shit together in 2020
Blockchain's potential to change the world we live in has been lauded many times, but can will we see real adoption in 2020? ...
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ING bank wants to give clients a compliant way to store cryptocurrency, report
Dutch bank ING is ready to really tap the cryptocurrency market. Reports indicate its working on ways to help its customers ...
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Moonday Mornings: IRS readies to tax your cryptocurrency — no matter what
It's the start of another week and that means it's time for Hard Fork's wrap-up of the weekend's top cryptocurrency and blockchain ...
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Even Facebook's employees don't trust it with their financial info
Facebook is not exactly a platform that's engendered a lot of trust over the last couple of years. Its users have shown an ...
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Danish bank staff banned from buying Bitcoin with their own money — urged to dump holdings
A Danish bank has successfully won a court case that means it can now prevent its staff from buying Bitcoin and other cryptocurrencies. ...
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South Africa's central bank is setting up new rules for cryptocurrency
The central bank of South Africa is looking to introduce new rules to govern the use of cryptocurrency and digital currency ...
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Moonday Mornings: US arrests Ethereum dev for teaching North Korea about cryptocurrency
Welcome to Moonday Mornings, Hard Fork's wrap-up of the weekend's top cryptocurrency and blockchain headlines you shouldn't ...
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HSBC will reportedly use blockchain to move $20B in digital assets
Global bank HSBC is planning to track $20 billion worth of digital assets on a blockchain-based custody platform by March ...
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Moonday Mornings: Racehorse mogul allegedly stole $110M from OneCoin, bought horses
It's the start of another, which means we have another bunch of cryptocurrency and blockchain headlines from over the weekend ...
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Big Canadian bank quashes cryptocurrency exchange rumors
The Royal Bank of Canada has quashed rumors that it's creating a cryptocurrency exchange. It filed some patents, the rest ...
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Google reportedly plans to offer checking accounts starting next year
A report from the Wall Street Journal indicates Google is getting into the banking industry -- specifically, it'll soon ...
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Russian blockchain token named in false Tunisian digital currency report pumps, then dumps
Despite government-issued digital currencies being all the rage these days, the Central Bank of Tunisia (BCT) has quickly ...
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Switzerland gets another 'Bitcoin bank' that holds cryptocurrency for customers
A Swiss bank set up to handle both traditional financial products and new digital currencies has been given the go-ahead ...
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Big Canadian bank rumored to offer cryptocurrency accounts, Bitcoin trading
The Royal Bank of Canada (RBC) is reportedly developing a cryptocurrency platform to enable customers to trade with digital ...
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Introducing Forensic Finance, a podcast exploring how banks can help solve global issues
At TNW, we're proud to present our very first podcast, Forensic Finance.
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Podcast: How bank data analysis helps fight modern slavery
Human trafficking can be detected trough digital fingerprints hidden in banking data. In this podcast, we explore how this ...
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An overview of Facebook’s 'cryptocurrency' supporters — who’s in and who’s out
Finding it hard to keep track? We've put together a quick overview of every organization that's still involved with Facebook's ...
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Bank of Ireland staff no longer willing to snitch on OneCoin crypto scam
Despite facing calls to testify against the OneCoin scam, Bank of Ireland staff are now pulling back from helping court proceedings ...
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Central bank says Libra must operate like a bank if it’s to launch in UK
The Bank of England's Financial Policy Committee has laid down a set of rules that Facebook's Libra must follow if it is ...
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Cryptocurrency-focused bank scores $10M from backers including Binance and Polychain Capital
The Malta-based cryptocurrency-focused Founders Bank has raised $10 million from leading investors including Binance and ...
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Bank of Ireland staff asked to testify in $300M OneCoin fraud case
As the multi-billion dollar OneCoin cryptocurrency Ponzi scheme continues to tumble, news of witnesses set to testify are ...
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Venezuela may have Bitcoin and Ethereum, but it's unsure how it can use them
The central bank of Venezuela is reportedly looking into whether it can store cryptocurrencies in its coffers, Bloomberg ...
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XRP bag holders are begging Ripple to stop dumping its coins
One of the biggest XRP whales, Ripple, is being asked in a Change.org petition to stop dumping its coins. Of course this ...
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Bitcoin traders in Israel fight bank lockouts with petition, lawsuits
Israel's Bitcoin traders have simply had enough. They want to be able to deposit money generated by selling cryptocurrency, ...
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Coinbase and Barclays split up – but the cryptocurrency exchange already has a new banking bae
Just days after Coinbase announced the removal of support for Zcash for UK customers, reports suggest the exchange is parting ...
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Moonday Mornings: IBM wants to put your browser history on the blockchain, forever
Welcome to another Moonday Mornings. Let's waste no time and take a look at the weekend's cryptocurrency and blockchain headlines ...
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The Apple Card is the product that finally killed the Apple fan in me
I've loved Apple for a long, long time, but it's hard to look at the Apple Card and not think it's betraying its users in ...
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North Korean hacking groups and copycats are going after financial institutions
State-sponsored and criminal actors are mounting a wide array of cyber attacks against the global finance industry with an ...
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Capital One data breach compromises 106 million customers' personal data
Capital One bank, revealed last night a data breach that exposed data of exposed the data of 106 million credit card applicants including ...
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Donald Trump's critique of Bitcoin is antiquated and irrelevant
US President Donald Trump, known for his complicated relationship with technology and his incessant need to share his ill-advised ...
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India bank manager arrested in cryptocurrency Ponzi scheme crackdown
The allure of fast profits from cryptocurrency appears to have been too great for one bank manager in India who has been ...
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Goldman Sachs might launch its own ‘cryptocurrency’ – just like JP Morgan
American banking giant Goldman Sachs might be following in the footsteps of its competitor JP Morgan to launch its own cryptocurrency. ...
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Two-thirds of failed stablecoin projects were backed by gold
Most of the stablecoin projects announced since 2017 are still yet to launch, and two-thirds of stablecoin projects that ...
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JP Morgan claims big institutions are hot for its (non-)cryptocurrency
Despite dividing opinions earlier this year with JPM Coin, American bank JP Morgan is rolling out its blockchain-based tech ...
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Big banks are launching a blockchain trade platform powered by ‘Bitcoin-like’ token
A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades with its ...
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ABN AMRO is helping BUX blockchainify its new stock trading app
A division of the major Dutch bank ABN AMRO and a mobile trading app are collaborating to offer stock investments using the ...
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German watchdog accuses CoinBene of unlicensed cryptocurrency trading
Cryptocurrency trading platform CoinBene has been put under the microscope again following an announcement from one of Germany's ...
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Thailand's oldest bank hints at new blockchain app powered by Ripple
Thailand's oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered ...
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Dear NY Post, didn’t you learn anything about Bitcoin?
It's that time of the year: NY Post's cryptocurrency pseudosopher John Crudele has published his annual diatribe against ...
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ABN AMRO signs on Accenture and ING Bank for its blockchain inventory platform
ABN AMRO is launching a blockchain-powered trade inventory paltform – and it's convinced ING Bank and Accenture to join ...
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Dutch bank ABN AMRO ditches its Bitcoin wallet because it’s ‘too risky’
Dutch bank ABN Amro has decided to cancel its plans for a cryptocurrency wallet, called Wallie, claiming that digital assets ...
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NY Attorney General goes after Tether and Bitfinex for $850M cover-up
The New York State Attorney General (NYSAG) is reportedly building a case to sue cryptocurrency exchange, Bitfinex, and stablecoin, ...
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Danish hustler jailed for laundering $500,000 worth of dirty Bitcoin
Bitcoin is not as anonymous as you might think. A Danish man has been handed a prison sentence after using the digital currency ...
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You’ll need a bank account to use UnionBank’s new Bitcoin ATM
Users will be required to use a UnionBank of the Philippines bank account to exchange funds to and from Bitcoin at the bank's ...
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Ripple partners with Federal Bank in India for cross-border payments
Private bank, Federal Bank Ltd. in India has partnered with blockchain infrastructure provider, Ripple, to facilitate international ...
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Financial bigwigs are still shitting on Bitcoin
For years, financial bigwigs have criticized cryptocurrencies such a Bitcoin, while often lauding its underlying blockchain ...
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Moonday Mornings: Japanese ecommerce giant Rakuten may be getting into cryptocurrencies
Your weekly dose of over-the-weekend blockchain news is here: Indian scammers swindle investors out of $14 million worth ...
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JP Morgan’s new digital 'coin' is not a cryptocurrency, or even a stablecoin
Do we really need another digital payment thing for institutional players to send money between themselves? JP Morgan says ...
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Saudi Arabia and UAE confirm joint cryptocurrency trial
Saudi Arabia’s and the United Arab Emirates’ (UAB) central banks have teamed up to test a new cryptocurrency.
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ABN AMRO isn't making a Bitcoin wallet - but it might
Earlier this week, ABN AMRO appeared to confirm via Twitter that it's running a trial of a new cryptocurrency wallet. But ...
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Major Dutch bank bets on NY blockchain firm with 5-year deal
Dutch multi-national banking giant ING has signed a five-year deal with a blockchain services firm to roll out distributed ...
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HSBC leans on blockchain tech to process $250b worth of fx transactions
Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology.
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Central bank study shows little desire to issue digital currencies
63 central banks were surveyed on the status their proposed CBDCs, to determine the likelihood of an incoming wave of digitized ...
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South Korean bank wants to use blockchain to reduce human error
South Korea's second largest bank is in the middle of rolling out a blockchain-based system designed to reduce human error. ...
