Search Results for: banks
Digital banking transformation creating new systemic risks
May 22nd, 2018
Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance. Sustainable Financial Services in the Digital Age, a joint report from UK Finance and Parker Fitzgerald, ...
Airlines to test consumer payments that bypass credit cards for direct sales
May 18th, 2018
Some airlines will test letting ticket buyers on their websites have an optional new way of paying that avoids the need for credit and debit cards. The world’s top airline lobbying group, the International Air Transport Association (IATA), has ...
Bitcoin goes into Free Fall as cryptocurrency price plummets in just 24 hours
May 16th, 2018
Bitcoin has seen a dramatic drop in value over the past day, falling from a high of $8824.17 per bitcoin on Tuesday to a low of $8292.10 shortly after midnight on Wednesday, representing a 6 per cent decrease. The ...
Goldman Sachs to pay $54.75 Million for unsound conduct in its Forex business
May 16th, 2018
The New York State Department of Financial Services (DFS) has issued a statement early this month to inform that Goldman Sachs fined $54.75 Million for unsafe and unsound conduct in its Foreign Exchange trading business. Goldman Traders Improperly Shared Customer ...
Spanish banking group Santander to build digital bank in the UK
May 16th, 2018
Spanish banking group Santander said it is building a standalone digital bank in the UK in a move aimed at boosting its online presence. This comes amid intense competition in the market with the rise of digital investment advice ...
Hong Kong is looking to bring innovative technology in lending business
May 14th, 2018
The Hong Kong Monetary Authority (HKMA), the government authority in Hong Kong responsible for maintaining monetary and banking stability, released an announcement to inform that has issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines ...
Bitcoin sees Wall Street warm to trading virtual currency
May 10th, 2018
Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world. The parent company of the New York ...
Diamond prices stable amid slow April trading
May 9th, 2018
The diamond market was seasonally quiet in April as dealers took vacation over the Passover and Easter holidays. Polished prices were steady, with manufacturers protecting their profit margins against recent rough-price hikes. The RapNet Diamond Index (RAPI™) for 1-carat ...
JPMorgan files blockchain interbank payment patent
May 8th, 2018
JPMorgan has filed a patent for the application of blockchain technology to speed up the process of cross-border payments. The patent application was initially filed in October, just after the bank announced plans to pilot the processing of cross-border ...
Blockchain Comp. Co-Founder: China will let solely Cryptoyuan into country
April 23rd, 2018
On the sidelines of the economic forum in Yalta, Russia, Sputnik has talked to Huan Zhang, co-founder of DAEX Blockchain Group Limited, about the current cryptomarket developments in China as well as the prospects of joining forces with Russia ...
