Search Results for: financial institutions
CFPB fines credit reporting agency for deceiving consumers
March 24th, 2017
CFPB Fines Experian $3 Million for Deceiving Consumers in Marketing Credit Scores Credit Reporting Company Misstated How Credit Scores It Sold Were Used The Consumer Financial Protection Bureau (CFPB) took action against Experian and its subsidiaries for deceiving consumers ...
Thomson Reuters completes Clarient and Avox acquisitions
March 20th, 2017
Acquisitions strengthen Thomson Reuters relationship with DTCC, Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, State Street and other clients for compliance solutions that enable them and their customers to conduct global business. Thomson Reuters has completed its acquisitions of ...
The FinTech in Mena region
March 17th, 2017
Fintech (financial technology) is gaining traction globally and has already arrived in the Middle East and North Africa (Mena). Financial technology describes tech-enabled products and services that improve traditional financial services. They are faster, cheaper, more convenient or more ...
ANZ, Westpac admit breaches in forex trading
March 16th, 2017
ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information and traded to benefit themselves. A week after the banks’ ...
Eurobank organizes the 2nd regional FinTech Competition “Beyond Hackathon”
March 14th, 2017
Eurobank organizes the 2nd regional FinTech Competition “Beyond Hackathon” which is going to take place, on 17 – 19 of March 2017, at Eurobank premises at Nea Ionia (building H) in cooperation with the business partners, Found.ation & The ...
Which Gulf country’s banking sector is the top in assets volumes
March 9th, 2017
The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics ...
First Global Fintech Fund for the Underserved
March 6th, 2017
The Accion Frontier Inclusion Fund, managed by Quona Capital, invests in companies that innovate to expand access to financial services to underserved consumers and businesses in emerging markets Three billion people around the world are underserved by the financial ...
Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
KPMG in the UK elects new Chairman
March 3rd, 2017
Bill Michael will succeed Simon Collins, whose term as UK Chairman ends on 30th September 2017. Bill, an auditor by background, has worked for KPMG for nearly 30 years and is currently the firm’s Global Head of Banking and ...
Why All Exchange Rates Are Bad
March 2nd, 2017
The economics of exchange rates can be tough sledding. Every now and then, I post on the bulletin board beside my office a quotation from Kenneth Kasa back in 1995: “If you asked a random sample of economists to ...
