Bank.pro Magazine

Banking and money are not new terms. They have been around for a long time in human history. Back in the days, ancient empires had trade, wealth distribution, and tax collection, all that needed a functional financial system like a bank. A flashback to the classics takes us to the Roman Empire. How did they The post The Truths of Banking and Money in The Roman Empire appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

With the birth of the ATM and ATM cards, banks created a stress-free life for everyone. This invention meant easy withdrawals, more cashless transactions, fewer trips to the bank, and lots more. While we were still trying to enjoy that invention. We got a better innovation – cardless ATMs! This has got to be the The post The future of money: Cardless ATM appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

The traditional banking system was moved with the introduction of cryptocurrency in the market, which posed a threat to the current system and its legitimacy. People quickly started consuming the digital form of currency, moving from the traditional banking system. Amidst the transition, the banking system needed to involve itself with the cryptocurrency industry. One The post Will Countering AML and KYC Concerns Bring Crypto and Banking Sector Together? appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

Think of a rectangular, thin plastic or metal given to you by a financial service company that allows you to pay for goods and services or borrow funds to live your life, what comes to your mind? Cards! That is correct. Cards are very important objects that must be present in our wallets these days. The post What are the differences between cards Master, Visa, AmEx and others? appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

This era has been completely devoted to enhancing and developing new technology. In order to save resources, especially post-COVID, humans have strived hard to find new and different ways to make life more convenient. In times like these, when people could not communicate, give, get, buy, or do anything at all without staying away, new The post 5 Top Trends Shaping the Future of Payments appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

In the words of Justin Welby: “Banks need to think through their ethics very carefully, and many have done so. I don’t know any bank that dismisses the concept of ethical banking.” True to these words, many banks have placed greater importance on ethics, values, and social responsibilities. These form the premise for social banking. The post How does Social banking Affect Businesses? appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

FinTech is a general term used to describe any digital product or service that uses current digital technology to provide financial services for consumers. Consumers in this context can be individuals or businesses. Financial Technology as we know it today was not always like this. It initially gained traction as the technological framework that huge The post What is Fintech Business Banking? appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

Access to financial services has grown to be an all-inclusive venture since the 21st century. Gone are the days when only the affluent had access to banks and banking services. The entry and proliferation of FinTech (Financial Technology) businesses in the last decade have contributed to the success of the financial services industry. Thanks to The post Top 5 FinTech Business Banking Apps appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

Living in the machine age and the era of digitization, it’s not unexpected that banking and other financial systems are also shifting online. With the human race constantly striving to make things more convenient and save time and energy, online banking has emerged as one of the easiest methods of making transactions. Now accessible to The post Future of Online Banking: What Can We Expect in The Next 10 Years appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.

According to Michelle Phan: “The beauty of the Internet is there’s a niche market for everything, and if you can focus on it, you can build a sustainable and viable business of it.” A niche that has taken great advantage of the beauty of the internet is the payment system. Before now carrying out online The post What is Payment Initiation Services (PIS)? appeared first on Bank.pro – Bank Account Opening Service - 300+ Banks.