1. Nostro Account: An account a bank holds with a foreign bank. For instance, a Ukrainian bank may have a Nostro account with a German bank. 2. Vostro Account: An account a foreign bank holds with ...

In the last two decades, Pakistan’s financial system has undergone a huge transformation. One of the central pillars of this ...

I've spent more than 17 years watching digital banking systems transform. Consulting for banking giants, as well as having been a technical expert at Capital One, I've had my hands in the systems that ...

Serge Beck, the founder and CEO of Omniwire, is driven by his belief that people deserve robust and secure financial services. As customers demand speed, personalization and real-time access—and ...

Over the past few years, decentralized finance (DeFi) has evolved from a niche field to a more serious competitor against traditional banking. As more people entrust cryptocurrency as a legitimate ...

The binary charter rules that separate banks and nonbanks are no longer fit for purpose in a financial services industry where many companies offer banklike services. A new set of diverse charters is ...