Banking News
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Digital banking is increasingly becoming the standard way for businesses and consumers to complete transactions and to manage money. As the check withers, does digital finance have our full support and trust?
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By AFP
Fpo -
International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city's future, with analysts warning businesses are being forced to pick a side.
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The Payment Systems Regulator has said all members of the UK’s six largest banking groups are now using the new fraud prevention tool, Confirmation of Payee, helping to reduce Authorised Push Payment (APP) scams. What does this mean for consumers?
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By AFP
London -
Venezuela's opposition cried victory on Thursday after a London judge ruled that the British government had "unequivocally recognised" opposition leader Juan Guaido as the troubled Latin American country's president.
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The banking division of South Africa's Post Office called Postbank lost over $3.2 million will have to replace more than 12 million customer cards. This followed a cybersecurity incident.
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In recent weeks, the coronavirus pandemic has become a catalyst for digital solutions. One area where growth has been strongest is with challenger insurance startups, who are disrupting the traditional insurance market.
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By AFP
Frankfurt Am Main -
The European Central Bank on Tuesday announced an "unprecedented" easing of collateral requirements in a bid to boost bank lending during the coronavirus crisis.
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By AFP
New York -
The economic wallop from the coronavirus offers an opening for large US banks to win back points from the public after the industry was pilloried over the 2008 financial crisis.
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By AFP
Lisbon -
Portuguese hacker Rui Pinto, the originator of Football Leaks and Luanda Leaks, has filed a complaint with the EU against Portugal, accusing it of non-compliance with European rules on extradition, his lawyers told AFP on Monday.
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One of the largest banks in South Africa, Nedbank, recently disclosed a breach that affected the personal details of 1.7 million users due to an issue with Computer Facilities network. Anurag Kahol, Bitglass looks into the vulnerability.
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Safer Internet Day happens on February 11 each year. For the 2020 event there is a focus on what businesses can do to help keep customers safe. Cindy Provin of nCipher Security provides some advice for enterprises.
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By AFP
Washington -
Bernie Madoff, jailed in the United States for perpetrating the world's largest fraud, is terminally ill and wants to leave prison to die, his attorney said Wednesday.
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By AFP
San Francisco -
The Swiss president and finance minister has delivered the latest blow to Facebook's planned Libra cryptocurrency, saying it has "failed in its current form," Swiss network SRF reported Friday.
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By AFP
Frankfurt Am Main -
New European Central Bank president Christine Lagarde makes her first monetary policy announcements Thursday, with observers hunting for clues to her leadership style and the bank's response to stuttering eurozone growth.
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By AFP
London -
Artificial Intelligence has spread rapidly across markets in recent years as traders constantly strive to gain the upper hand, while regulators have given a guarded welcome to the cutting-edge technology.
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Oakland, CA-based fintech startup Marqeta, has made some fintech predictions for 2020, made available to Digital Journal readers. Fintech extends to the new applications, processes, products, or business models in the financial services industry.
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By AFP
Sydney -
Australian banking giant Westpac faces a massive fine after being accused by regulators Wednesday of "serious and systemic" breaches of money-laundering laws involving more than US$7 billion.
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By AFP
Frankfurt Am Main -
French President Emmanuel Macron and German Chancellor Angela Merkel on Monday lauded Mario Draghi for defending "the European dream" in the face of opposition as he handed over a divided ECB to Christine Lagarde.
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By AFP
Frankfurt Am Main -
At his final press conference Thursday, departing European Central Bank president Mario Draghi will downplay differences among policymakers over September's big-bang stimulus package, hoping to limit their impact on the institution's effectiveness, ana...
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By AFP
Frankfurt Am Main -
Mario Draghi hands over the keys of the European Central Bank to Christine Lagarde on October 31, leaving the former IMF chief a eurozone economy struggling to stay in gear.
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By AFP
Paris -
French investment banker Matthieu Pigasse, a major shareholder in France's Le Monde newspaper, is to resign his executive positions at Lazard, the US investment bank announced Sunday.
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By AFP
Kuala Lumpur -
Malaysia held talks with Goldman Sachs about dropping charges against three units of the Wall Street bank that prosecutors brought over the multi-billion-dollar 1MDB scandal, a report said Thursday.
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By AFP
Kiev -
Ukrainian police on Tuesday investigated a fire that destroyed the house of a reformist former central bank chief, who along with the bank called it an act of "terror".
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By AFP
Vienna -
It may sound like a strange thing to enshrine in a country's constitution: the right to pay cash.But a debate on whether to do just that has entered Austria's election campaign, shining a light on the country's love of cold, hard currency.
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By AFP
Kuala Lumpur -
Malaysia filed criminal charges Friday against 17 current and former directors of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan over the multi-billion dollar 1MDB scandal.
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By AFP
Washington -
Facebook must meet "a very high standard" before it moves ahead with its planned digital currency Libra, US Treasury Secretary Steven Mnuchin said Monday.
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By AFP
Washington -
Risk from severe weather events is not usually linked to banks but increasingly must be included in their planning, the US central bank chief said Wednesday.
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By AFP
London -
From Asia to the United States, disconsolate staff at Deutsche Bank dealt Monday with news of massive layoffs with some already heading to the exits to drown their sorrows.The German giant's share price fell to a low of 6.66 euros ($7.
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New data shows that more dramatic change is to be expected in banking and financial services. Marqeta, a card issuing platform, has found that customers would rather interact with a machine than with a human teller.
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By AFP
Kuala Lumpur -
The Malaysian case against Goldman Sachs on charges the US investment bank stole huge sums from the country's 1MDB state fund was postponed Monday until September after defence lawyers argued there was a problem with paperwork.
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Banking Image
An automated teller machine (ATM). Digital Journal
The Credit Lyonnais (now LCL) bank headquarters in Paris France Wikicommons
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland. Roland zh / Wikimedia Commons
London's financial district, taken from a helicopter trip.
UBS logo Fabrice Coffrini
Five models and three different generations of security token devices for online banking. The newer models are in the foreground. M0tty
A Barclays bank in Birmingham, UK ell brown
Bank of America Brian Katt
Members of the organization have called on their supporters to boycott HSBC and see it as a test of their faith. YouTube
Photo by Global X via Flickr
The Euro sign outside the European Central Bank in Frankfurt, Germany
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