Online banking

Sergey Kondratenko: Regulation in Open Banking, Approaches of Different Countries

In recent years, the financial sector has been undergoing significant changes due to widespread digital transformation. The introduction of Internet banking, the development of financial technologies and other innovations open up unique opportunities to improve the quality of customer service. Among them is open banking.

Creating a ‘fifth pole’ in Greek banking

On July 31, Pancreta Bank absorbed the Greek assets of global banking colossus HSBC, taking in a highly complementary business and, in effect, creating a new bank, far from its 1993 origins as a cooperative bank named Credit Development Cooperative of Heraklion.

In an interview with Kathimerini, CEO Antonis Vartholomeos explains that upcoming mergers will further expand the bank.

Banks now charge for what they never did: What are we going to give extra money for?

Last year, due to two moratoriums on loans, but also on interest rates, which are at an all-time minimum, banking sector lost a significant part of its income. On the other hand, many have increased commissions and service costs at the same time, and some have started charging for what they never did.

NLB completes acquisition of Serbian bank

Ljubljana – Nova Ljubljanska Banka (NLB), Slovenia’s largest bank, has completed the acquisition of an 83.2% stake in Komercijalna Banka (KB) in Serbia, a move it describes as a milestone in its strategy of becoming the leading financial institution focused on Southeast Europe. NLB paid EUR 394.7 million for the stake.

Five Telltale Signs that Phone Scammer Calls You

 On the eve of the holidays, the Central Bank of Russia sent a recommendation to banks to inform their customers about the key signs by which a person can recognize phone scammers. "Phone scammers are traditionally increasingly active before the New Year, so it is very important to remind once again how to counter them.

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