Business

Google plans to offer checking accounts

Google plans to add checking accounts from Citigroup and a credit union to its Google Pay digital wallet in 2020, the tech company said Wednesday.

US puts sanctions on N.Korea hacking groups behind major thefts

The US Treasury on Friday placed sanctions on three North Korea government-sponsored hacking operations which it said were behind the theft of possibly hundreds of millions of dollars and destructive cyber-attacks on infrastructure.

Security

'Amateur' Capital One hack stuns security community

The massive data breach at Capital One appeared to be an unsophisticated attack from a single hacker, raising questions about the security of the financial system and insider threats to cloud computing.

Security

Tech Q&A: How an online bank knows who you are

Q: Besides entering my user ID and password, my financial institution makes me verify my identity by entering a personal identification number (PIN) that is sent via text, email or phone call. Even after that, I'm always ...

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Financial institution

In financial economics, a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government bodies. Broadly speaking, there are three major types of financial institution:

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