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Banking & Financial Services

NCUA Opening 2024 CDRLF Grant Round May 1

The National Credit Union Administration (NCUA) has announced the opening of the 2024 Community Development Revolving Loan Fund (CDRLF) grant round, with more than $3.4 million available for low-income-designated credit unions. The application period for these grants will run from May 1 to July 1.NCUA Chairman Todd M. Harper emphasized the importance of these grants, stating, "These grants give eligible credit unions the resources needed to support the financial needs of their members and communities. They create new, safe, fair, and affordable financial products and...


Banking & Financial Services

Binance announces CEO Richard Teng discussed cyber collaboration with Taiwan's High Prosecutor's Office

Binance, the world's largest cryptocurrency exchange, has revealed that its CEO Richard Teng recently met with Chief Prosecutor Chang, Tou-Hui of Taiwan's High Prosecutor's Office. The meeting aimed to explore potential collaboration in preventing cybercrime.


Banking & Financial Services

Nordea updates allocation framework impacting business area results starting 2024

Nordea has announced an update to its internal allocation framework, effective from the beginning of 2024.


Banking & Financial Services

Request Finance acquires Consola Finance

Request Finance has taken a significant step to enhance its support for finance professionals and certified public accountants (CPAs). The firm's recent acquisition will enable customers to manage an array of financial aspects, from accounts payable to employee expenses and crypto payments, all within the Request Finance platform.


Banking & Financial Services

Hong Kong's Cyber Security Professional Awards recognize crypto exchange Binance for assisting law enforcement

Binance, the world's leading cryptocurrency exchange, recently announced its receipt of a Merit Award in the banking and finance category at Hong Kong's Cyber Security Professional Awards. The award is a testament to Binance's successful collaboration with Hong Kong law enforcement agencies in combating cybercrime.


Banking & Financial Services

CoinMarketCap nominates former Binance CEO for Crypto Leader of the Year award

CoinMarketCap, a leading provider of cryptocurrency market data, has nominated Changpeng Zhao (CZ), the co-founder and former CEO of Binance, for its inaugural Crypto Leader of the Year award. This nomination comes after Binance, the world's largest cryptocurrency exchange, reached a resolution with the U.S. government that included CZ stepping down from his role as CEO.


Banking & Financial Services

Binance provides training session for Thai law enforcement

Binance's Law Enforcement Training Team recently conducted a training session for the Southern Border Provinces Investigation Division in Hat Yai, Thailand. The session was focused on investigations related to cryptocurrency. Binance is globally recognized as the largest cryptocurrency exchange by trading volume.


Banking & Financial Services

Vanguard announces departure of CEO, searches for replacement

Vanguard CEO Tim Buckley has announced his intention to retire from his role as chief executive officer by the end of 2024. The company is currently conducting a search for a new CEO.


Banking & Financial Services

Xero, BILL team up to offer small businesses new ways to pay bills

Small business platform Xero and financial operations platform Bill have announced a partnership aimed at enhancing the accounts payable capabilities for Xero’s customers in the United States. The collaboration is designed to streamline bill payment processes, enabling businesses to operate more efficiently.


Banking & Financial Services

CRH to purchase Australia's Adbri

CRH and the Barro Group are set to become the owners of Adbri once a transaction currently in progress is completed later this year. CRH will possess approximately 57% of Adbri's stock, while the remaining shares will be held by the Barro Group.


Banking & Financial Services

Nordea expands sustainability reporting amid new directives

Nordea has released its Annual Report for 2023, highlighting the bank's commitment to sustainability and climate action.


Banking & Financial Services

Silent Eight, HSBC expand partnership for transaction screening

Regulatory technology firm Silent Eight is broadening its collaboration with HSBC to automate the investigation and resolution of transaction alerts. Prior to this expansion, Silent Eight had been performing name screening and adverse media automation for HSBC, aiming to detect financial crimes with reduced friction.


Banking & Financial Services

Leading crypto exchange Binance shares practices employed to protect users from scams

Binance, the world's leading cryptocurrency exchange, has shed light on its strategies to safeguard users from scams. The company highlighted that the surge in online dating has coincided with an increase in "romance scams."


Banking & Financial Services

NorCal SBDC gets funding for the Inclusivity Project

The NorCal Small Business Development Center (NorCal SBDC) has been awarded a $350,000 grant for its Inclusivity Project by Wells Fargo. This funding is set to enhance the project's ability to facilitate collaborations, provide no-cost mentorship, workshops and more.


Banking & Financial Services

Binance's work with law enforcement contributed to 2023 drop in crypto crime

Binance, the world's largest cryptocurrency exchange, has attributed the decline in crypto-related crime in 2023 to its collaborative efforts with law enforcement agencies. The company stated that industry-wide initiatives aimed at enhancing security and compliance led to a decrease in several key crypto crime metrics between 2022 and 2023.


Banking & Financial Services

Nordea receives FSA approval for Danske Bank acquisition in Norway

The Financial Supervisory Authority (FSA) has approved Nordea's acquisition of Danske Bank's personal customer and private banking business in Norway.


Banking & Financial Services

Binance’s Data Protection team earned five privacy certifications, advancing goal of expanding financial freedom safely

Binance, the world's largest cryptocurrency exchange, announced in a Feb. 2 post that its Data Protection team handled 22,000 privacy-related inquiries in 2023 and secured five privacy certifications. The company stated that the primary "mission" of the Data Protection team is to foster trust and confidence among its users.


Banking & Financial Services

Steve Christie rejoins Binance as deputy chief compliance officer

Binance, the world's leading cryptocurrency exchange, confirmed on February 2 that Steve Christie has returned to the company in the role of Deputy Chief Compliance Officer. Christie had previously held the position of Senior Vice President of Compliance at Binance.


Banking & Financial Services

Intrinsic LLC names two co-chief executive offers

Following the retirement of co-founder Alex Hodgkin as CEO in 2023, Intrinsic LLC embarked on a search for his successor. This week, the company announced that two of its current employees would jointly assume the role.