Banking Sector

IBM working with blockchain technology for improving cross-border transactions

IBM is using blockchain for improving speed and security for cross-border transactions. The solution offered by IBM is focused on banking sector.

Wells Fargo faces criticism as new scandal uncovered

Financial services major Wells Fargo is facing a new wave of criticism after a revelation that the bank spent years in enrolling unknowing borrowers in costly collateral protection insurance (CPI)

Wells Fargo to refund $80M to CPI-affected customers

Taking full responsibility for its failure to appropriately manage the auto collateral protection insurance (CPI) program, Wells Fargo announced on Thursday that it would reimburse $80 million to n

Italian lender UniCredit suffers cyberattack affecting 400,000 clients’ information

Leading Italian lender UniCredit has admitted that information of as many as 400,000 of its customers in the country got exposed to hackers in a couple of cyber attacks in the past 10 months.