Global

Created at the Bretton Woods Conference in 1944 alongside the IMF. The World Banks original name, th...

The Society for Worldwide Interbank Financial Telecommunication was founded in Brussels in 1973 by 2...

The shadow banking system refers to non bank financial intermediaries that perform bank like functio...

The Basel Accords are international banking regulations setting minimum capital requirements. Basel ...

The Bank of Credit and Commerce International was a global bank founded in 1972 by Pakistani financi...

The concept that some financial institutions are so large and interconnected that their failure woul...

The criticism that major banks were not prosecuted for financial crisis crimes because they were too...

The shift from branch based banking to digital and mobile banking transformed the industry. Neobanks...

Open banking requires banks to share customer financial data with third parties with customer consen...

Stablecoins are cryptocurrencies pegged to a stable asset, usually the US dollar. Tether, USDC, and ...

Postal banking, where post offices offer savings accounts and basic financial services, was pioneere...

Financial technology companies disrupted traditional banking starting around 2010. Payment companies...

Central bank digital currencies are digital forms of central bank money. The Peoples Bank of China l...

Islamic banking grew from modest beginnings in the 1970s to a 4 trillion industry. Islamic banks pro...

Banking as a Service allows non bank companies to offer banking products through licensed banks. Baa...

Real time payment systems settle transactions in seconds, 24 hours a day, 365 days a year. The UK Fa...

Credit unions and cooperative banks emerged in the 19th century as alternatives to commercial banks....

Bank resolution refers to the process of winding down a failing bank in an orderly manner. Before 20...

Basel III, agreed in December 2010, strengthened bank capital requirements in response to the 2008 c...

Buy Now Pay Later services allow consumers to purchase items and pay in installments, usually withou...

Bank stress tests were introduced as a key supervisory tool after the 2008 crisis. The Federal Reser...

Contactless payment cards were first introduced in the US by JP Morgan Chase in 2007 using technolog...

Narrow banking is a proposal where banks would be required to back all deposits with central bank re...

Bitcoin and cryptocurrency challenged traditional banking by offering an alternative financial syste...

Fractional reserve banking is the system where banks keep only a fraction of deposits as reserves, l...

The shift toward a cashless society accelerated during the COVID 19 pandemic. Sweden is the closest ...

Central bank communication has evolved dramatically. Before the 1990s, central banks were deliberate...

Green banking incorporates environmental considerations into lending and investment decisions. The E...