Banking Industry News
A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Italian Banking Industry Chose Decentralization Over Centralization
In a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for Spunta — its blockchain solution built…
Inside Goldman's new corporate banking portal
Goldman Sachs recently launched an online banking service for large businesses that it says is more streamlined than traditional banks' offerings, with features like virtual accounts, quick account opening and predictive analytics to help customers…
Billions of Banking and Social Media Credentials Available Online
Around 15 billion credentials are in circulation in cyber-criminal marketplaces. According to new research from Digital Shadows, a 300% increase in stolen credentials from over 100,000 data breaches in the past two years means there are more than…
Will cashlessness prompt a rise in business banking for merchants?
Cashless payments were on the rise way before the pandemic. However, COVID-19 has forced consumers to abandon notes and coins in favour of mobile and contactless card payments. Recently, Nationwide revealed that, in a poll of 2,000 Brits, more than…
COVID-19 exposes why the Postal Service needs to get back into the banking business
Financial services play a major role in the economic lives of most Americans, from the moment their paychecks are directly deposited into a bank account to the loan taken out to buy their first home or car. Yet over 12 million people – about…
MOVES-DBS hires former Morgan Stanley veteran as Greater China private banking head
SINGAPORE, July 8 (Reuters) - Southeast Asia's biggest bank DBS Group Holdings said on Wednesday it had appointed a former senior executive from Morgan Stanley Asia Private Wealth Management as the head of its private banking business for Greater…
BRIEF-VP Bank Takes Over Private Banking Business Of Oehman Bank In Luxembourg
* TAKES OVER THE PRIVATE BANKING BUSINESS OF ÖHMAN BANK S.A. IN LUXEMBOURG AND FURTHER EXPANDS ITS NORDICS BUSINESS * SIGNED AN AGREEMENT TO TAKE OVER THE PRIVATE BANKING ACTIVITIES OF ÖHMAN BANK S.A. IN LUXEMBOURG * IT WAS AGREED NOT TO…
Banking Survey 2020:eTranzact's EMV gh-link card makes life very comfortable
The banking sector is experiencing competitive disruption constantly, particularly the digital segment of the sector, with competitive advantage being redefined daily. Digital disruption is occurring at every level of the financial services…
Banking Survey 2020: Access Bank; leading with digital innovation and financial inclusion
The novel Coronavirus pandemic and the resulting social distancing protocols are driving banks to accelerate their digital transformation strategies, with laggards likely to suffer rapid franchise deterioration as customer preferences and…
Sona Nanotech Engages Maxim Group for NASDAQ Listing and Investment Banking Services, and Announces Organizational Change
Halifax, Nova Scotia--(Newsfile Corp. - July 8, 2020) - Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) ('Sona Nanotech' or the 'Company'), a developer of rapid, point-of-care diagnostic tests for COVID-19 and other applications, has engaged Maxim…
The Future of Fintech: AI & Blockchain | Business Insider Intelligence
Sweeping global regulations, the growing penetration of digital devices, and a slew of investor interest are catapulting the fintech industry to new highs. Of the many emerging technologies poised to transform financial services, two of the most…
Banking on home service and client loyalty
By Angela Paljor| Express News Service | Published: 08th July 2020 07:49 AM Exactly a month ago the government allowed salon and beauty parlours pan India to operate after the nationwide lockdown. Armed with gloves, masks, disinfectants and PPE…
Indonesian stimulus props up banking stocks amid broader Asia caution
Indonesia bucked Asia's second day of stock losses on Wednesday on hopes extra funds pumped into the economy from the government and central bank would strengthen the financial sector and the coronavirus-hit economy. Elsewhere, rising global…
Banking on AI: The time is ripe for Indian banks to embrace artificial intelligence
Globally, the financial services industry has proved to be an enthusiastic adopter of Artificial Intelligence (AI) driven by the availability of data and investment appetite. Creative implementation of AI by start-ups and fintechs has helped…
Cerberus Banking Trojan Found on Google Play
Cerberus, the latest Android banking trojan to hit the headlines, has infiltrated Google Play, security researchers have discovered. On Tuesday, July 7, the Mobile Threat Labs team at Avast posted on a blog post that they discovered the malware on…
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