September 5, 2023

Wells Fargo Warns of Financial Instability as Biggest Economic Risk Following Fed’s Decision

Wells Fargo, one of the largest banks in the United States, has listed financial instability as the biggest economic risk following the Federal Reserve’s decision to keep interest rates low. The bank has warned that the prolonged low-interest-rate environment could lead to increased risk-taking and financial instability, posing a significant threat to the overall economy. […]

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Banking International Uncategorized

India Let’s Banks Use Face Recognition, Iris Scan For Transactions

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A few large private and public banks have begun using the option, said one of the […]

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