How to Keep Your Bank from Canceling All Your Accounts
The New York Times: Banking
NOVEMBER 18, 2023
Banks have suddenly shut down the accounts of scores of customers. Here’s how you can avoid becoming one of them.
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Numisma Bank starts operations backed by SAP Fioneer Cloud for Banking
Global Banking & Finance
NOVEMBER 7, 2024
Walldorf, Germany, November 7th, 2024, FinanceWire Backed by SAP Fioneer technology, Numisma Bank, a global currency distributor of U.S. Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. banknotes, has started their operations.
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Banks Should Have Better Customer Relations When Closing an Account
The New York Times: Banking
DECEMBER 30, 2023
When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.
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Banks Offer Bonuses for Customers Opening New Accounts
The New York Times: Banking
SEPTEMBER 13, 2024
Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”
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Best business bank accounts for scale-ups
Growth Business
NOVEMBER 17, 2023
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Whether you’re looking for an account to help scaling internationally, to provide business and support or just low fees, we round up some of the best business bank account offerings for scale-ups and more established businesses from traditional banks.
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Startup Current Account: The Best Way to Bank for New Age Businesses
Razorpay
MARCH 19, 2024
Many startup founders initially feel that they can manage their organisation without having a current account. However, sooner than later, they would realise they require a current account to facilitate streamlined withdrawals, deposits and other business transactions. Let’s get right into it. What is a Startup Current Account?
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Quiz: Would You Close This Bartender’s Bank Account?
The New York Times: Banking
DECEMBER 9, 2023
Here’s what bank security employees might be thinking when deciding whether to shut down a customer account after detecting unusual activity.
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Zero Balance Current Account: A Quick Explainer
Razorpay
JANUARY 19, 2024
Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?
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How Does Online Banking Work?
Global Banking & Finance
OCTOBER 9, 2024
You’re not alone if you’ve ever wondered how online banking works. But how does it function, and what steps are required to set up an account? Are online banks safe, and is this approach suitable for your needs? With its convenience and accessibility, more people are using digital platforms to manage their finances.
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NatWest to buy most of Sainsbury’s Bank
The Guardian: Mergers & Acquisitions
JUNE 20, 2024
Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery arm Business live – latest updates NatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector. Continue reading.
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Current Accounts: Understanding and Maximising Business Banking
Razorpay
JULY 11, 2023
What is a Current Account? A current account is a kind of deposit account for individuals and organizations that deal with a huge number of transactions. The scale of these transactions is too large for a regular savings account. Read more: What is a Current Account? What is RazorpayX?
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2023 Joint Report on Multilateral Development Banks' Climate Finance
European Investment Bank
SEPTEMBER 20, 2024
The 2023 Joint Report on Multilateral Development Banks’ Climate Finance provides a comprehensive overview of climate finance commitments by MDBs. Overall, the report aims to promote transparency, accountability, and collaboration in climate finance.
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Nostro Account
Wall Street Mojo
JANUARY 14, 2024
Nostro Account Meaning Nostro Account is the account that a country’s bank holds in the bank of another country in the foreign currency. It helps the bank which has the account in the bank of another country by simplifying the exchange and trading process for the foreign currencies.
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Core Banking Solution (CBS)
Razorpay
MAY 27, 2024
What is Core Banking Solution? A core banking solution (CBS) is a software used by banks to manage primary operations. It is a centralized system that allows customers or businesses to carry out transactions from any branch rather than only from the branch where the account was opened.
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RBI imposes fine on Jammu and Kashmir Bank, Bank of Maharashtra, Axis Bank
Business Standard - FInance
JUNE 23, 2023
The Reserve Bank on Friday said it has imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related to 'time-bound implementation and strengthening of SWIFT-related operational controls'. A penalty of Rs 1.45 A penalty of Rs 1.45
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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
The New York Times: Banking
JULY 9, 2024
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
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Why Investment Banking? How to Answer the Most Boring But Persistent Interview Question of All Time
Mergers and Inquisitions
OCTOBER 16, 2024
“Why investment banking?” and there’s now an overwhelming amount of information online about investment banking. I’ll explain these points here and suggest specific answers to “Why investment banking?” but I’ll start with the short version: Table Of Contents Why Investment Banking: The Short Version “Why Investment Banking?”
Corporate Accounting: Meaning, Importance & Explanation
Razorpay
JULY 25, 2023
Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.
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How banks can mitigate cloud security threats
Global Banking & Finance
OCTOBER 7, 2024
Furqan Siddiqui, SOC Operations Officer at Obrela As custodians of sensitive financial data, banks and financial institutions face several cloud security threats that demand security controls and mitigation strategies.
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Why banks are suddenly closing down customer accounts
The New York Times: Banking
NOVEMBER 5, 2023
Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.
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Retail Banking vs Corporate Banking
Razorpay
MAY 23, 2023
Regular retail banks provide financial services to individuals but are not equipped to service businesses. Corporate banking provides businesses financial services like account holding, loans, capital, vendor management, and more. Corporate banking and retail banking might provide similar services but are vastly different.
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10-27-2023 Newsletter: From Investment Banking to Media & Entertainment
OfficeHours
OCTOBER 27, 2023
Transitioning from a career in investment banking to the dynamic world of media may seem like a significant shift. open.spotify.com/show/7aeLSeoDAPHEGZ89UECnmk We are excited to host Rhea Harsoor as she shares her insights and journey from Investment Banking to Media and Entertainment TODAY AT 3PM ET ! How does one go from IB to Media?
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What is Banking?
Razorpay
JUNE 8, 2023
What is Banking? A bank is any financial institution that helps people and businesses store, invest and borrow money. Banks provide services like deposits, loans, and investment options. Banks in India are regulated by the Reserve Bank of India (RBI), which is the central banking authority of the country.
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Effortless Payment Collection for Exporters: Meet Razorpay’s Public Account Pages
Razorpay
AUGUST 26, 2024
Managing multiple international bank accounts and sharing export payment details can be cumbersome, especially for those handling high-frequency orders. Razorpay’s new Public Account Pages provide a streamlined solution that simplifies this process, making payment collection easier and more trustworthy for exporters and their clients.
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Michael Mufson Discusses Investment Banking and Business Exit Strategies
How2Exit
JUNE 10, 2024
E221: Michael Mufson Discusses Investment Banking and Business Exit Strategies - Watch Here About the Guest(s): Michael Mufson is a seasoned investment banker with a distinguished career spanning over several decades. The accounting is certainly key. He began his career working for a U.S.
The Role of Investment Banking Courses in Career Progression
OfficeHours
JUNE 2, 2023
There are a lot of reasons why investment banking courses can be beneficial to a junior employee. Because as a junior in investment banking, this is something that you want to experience. So below, I will go over some of the key benefits that investment banking courses can give you over the course of your career. Best of luck!
What are Corporate Accounts? Meaning, Benefits & Types
Razorpay
MARCH 18, 2024
What is Corporate Account? A corporate account is a bank account one can open in the name of a business. Every small business that is required to pay tax should have a corporate bank account for business banking and its numerous benefits. Explore RazorpayX 2.
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What is E-banking?
Razorpay
JULY 29, 2023
Do you remember the last time you visited a physical bank branch to change your registered mobile number or personal details? Do you remember the last time you visited a bank for any financial operation? If your answer to these questions is “no”, you have e-banking to thank! What is E-Banking?
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Checking Account – Meaning & How Does it Work?
Razorpay
MARCH 27, 2024
What is a Checking Account? A checking account is a type of bank account that allows you to deposit and withdraw money, write checks or use a debit card to make purchases or pay bills. Generally, account holders use these accounts on a short-term basis for paying daily expenses like food bills.
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10-11-2023 Newsletter: How to win in Investment Banking? From Analyst to VP
OfficeHours
OCTOBER 11, 2023
We cover topics like private equity, investment banking, switching careers, and how to grow in your job. OfficeHours is an online platform that provides 1-on-1 coaching, training, and advice to help you land a job in competitive finance careers including investment banking, private equity, growth equity, venture capital, and hedge funds.
Deutsche Bank joins Saphyre’s onboarding platform
The TRADE
MARCH 12, 2024
Deutsche Bank has signed up to the onboarding and maintenance platform for custody, broker trading, and buy-side accounts offered by ascending fintech Saphyre. By having them as part of our network, not only will Deutsche Bank realise middle- and back-office operational benefits, but our mutual buy-side clients will gain them as well.
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06-22-2023 Newsletter: Navigating Layoffs in Investment Banking
OfficeHours
JUNE 22, 2023
Even PE associates are getting let go We’ve had dozens of laid off investment banking analysts and associates reach out to us for how to navigate a tough job market. From Goldman Sachs to Morgan Stanley to Citi and beyond, it seems like even the biggest banks are being impacted by reduced deal flow. Do you want to be a career banker?
Accounting Information System (AIS)
Wall Street Mojo
JANUARY 15, 2024
What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?
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How Bank Reconciliation Helps Businesses?
Razorpay
MAY 17, 2023
Bank reconciliation refers to the process by which the bank account balance of a business entity is reconciled with the amount recorded by financial institutions in the latest bank statement. A bank reconciliation statement ensures that all payments are processed and the required cash is deposited in the bank account.
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Freelancing Made Easy: Razorpay Launches MoneySaver Export Account for 15 million Indian Freelancers
Razorpay
JUNE 24, 2024
Razorpay is proud to launch a solution tailored just for our Indian Freelancers – the MoneySaver Export Account , designed to simplify the international payment experience for freelancers, ensuring seamless receipt of payments from clients across the globe. So, what sets the MoneySaver Export Account apart? But fret no more!
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How to Get an Investment Banking Internship
Mergers and Inquisitions
DECEMBER 20, 2023
If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023. Corporate banking.
A Russian Bank Account May Offer Clues to a North Korean Arms Deal
The New York Times: Banking
FEBRUARY 5, 2024
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied allied intelligence officials suggest.
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SBI launches 34 Transaction Banking hubs nationwide to drive growth
Business Standard - FInance
JULY 1, 2023
State Bank of India, on Saturday, launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to customers.Dinesh Khara, the chairman of the SBI, inaugurated the hubs, on the occasion of the 68th foundation day of the bank.As
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People Moves Monday: ODDO BHF, Deutsche Bank and Jefferies
The TRADE
JULY 1, 2024
Stephen Wilkes, the head of buy-side solutions sales and head of securities services at Deutsche Bank, will be departing his role after spending almost 13 years at the bank. Prior to his tenure at Deutsche Bank, Wilkes spent six years at JP Morgan as an executive director of futures and options and OTC clearing sales.
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What is a Merchant Account? How to Get a Merchant Account?
Razorpay
DECEMBER 1, 2023
Once you have set up a business account, it is important to set up an online merchant account as well. But what is a merchant account? Let’s read further to learn everything about merchant accounts. Let’s read further to learn everything about merchant accounts. What is a Merchant Account? Wondering why?
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This bank will now pay 5% yield on your savings
CNBC: Investing
AUGUST 14, 2023
The Federal Reserve's rate-hiking cycle has spurred select banks to raise yields on savings accounts and CDs.
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RBI permits banks to undertake compromise settlement of wilful defaults
Business Standard - FInance
JUNE 12, 2023
In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.
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Razorpay set to save Indian Exporters $5 Billion, launches MoneySaver Export Account
Razorpay
JULY 25, 2023
But no longer! Introducing Razorpay’s MoneySaver Export Account Razorpay proudly announces the launch of MoneySaver Export Account, an exclusive offering for Indian exporters. MoneySaver Export Account ensures that Indian exporters can offer their global customers a local banking experience, across 200+ countries.
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RBI imposes Rs 85 lakh penalty on Central Bank of India for non-compliance
Business Standard - FInance
MAY 26, 2023
lakh on Central Bank of India (the bank) for non-compliance with certain provisions of norms related to frauds classification and reporting. The Reserve Bank had conducted statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2021.
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