Tag Archives: Banking

26May/20

Finastra Global Survey Shows Appetite for Open Banking Picking up Pace Worldwide

Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are holding back innovation. Read more

31Oct/17

BOJ governor laughs off face recognition technology to predict policy changes

TOKYO, JAPAN (OCTOBER 31, 2017) (​TV TOKYO) – Bank of Japan Governor Haruhiko Kuroda on Tuesday (October 31) laughed off the notion that researchers can use artificial intelligence to analyse his facial expressions and predict changes in monetary policy.
Continue reading

28Sep/17

Chinese university students’ spiralling, sometimes deadly debts

Tales of indebted students being driven to suicide have become commonplace in China in recent years, sparking public outrage. Samantha Vadas reports. Continue reading

10Apr/17

Bank of England says won’t publish Libor details until fraud probe over

The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.

Continue reading

13Feb/17

U.S. Senate expected to confirm Mnuchin as Treasury secretary

The U.S. Senate is expected to confirm former Wall Street banker Steven Mnuchin as Treasury Secretary.

Continue reading

29Jul/16

ATM skimming – how to spot ATM skimmers

This animation explains the practice of automatic teller machine (ATM) skimming, a common form of fraud that involves a compromised ATM that allows criminals to access bank accounts.
Continue reading

26May/15

Alleged Libor ringleader goes on trial in London

Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.

Continue reading

01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
Continue reading

26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
Continue reading