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Finance News

Open database exposes 425 GB of financial companies’ data Special

The latest data exposure issue relates to non-encrypted data being housed on AWS S3. These cloud services have become one of the most common vectors of large-scale data compromise in the past two or three years, explains

Q&A: CFO's are powering CX and digital transformation Special

When it comes to the CFO, modernizing customer experience probably isn’t the first thing that comes to mind. Yet CFO’s are crucial in driving the modernization in customer experience, which is key to many business strategies.

Unlike 2008, world's economic doctors feud over cure

London - "I think the patient is stabilised," then US president Barack Obama declared after G20 powers prescribed unprecedented remedies to steady the crisis-wracked world economy just over a decade ago.

French MPs begin debating controversial pensions bill

Paris - The battle over the French government's pension reforms moved from the street to parliament on Monday, with the opposition vowing to torpedo an overhaul that sparked weeks of strikes and protests.

Computer Facilities network addresses data vulnerability Special

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.

Alphabet earnings: A mixed bag Special

Alphabet's shares have slipped lower following Google's parent company revealing its fourth quarter earnings report. The financial figures indicate mixed results from some of its key properties. Haris Anwar looks into what's behind the figures.

UK adds entire Hezbollah movement to terror blacklist

London - Britain's finance ministry on Friday said it had added Lebanon's entire Hezbollah movement to its list of terrorist groups subject to asset freezing.

EU to lay out trillion-euro 'Green Deal'

Strasbourg - Going green can be a costly business, as the EU's executive body will make clear on Tuesday when it launches a one-trillion-euro plan to finance its goal of making the bloc carbon neutral by 2050.

France braces for holiday misery as pension strike persists

Paris - French commuters endured a ninth day of public transport strikes Friday, with little relief expected in coming days as unions vow to keep up their protest against a pension overhaul through the holidays unless the government backs down.

French govt says ready to talk as pension strike bites

Paris - French officials said Thursday that they were open to negotiating a pension overhaul that has sparked crippling transport strikes, as unions warned of walkouts through the holidays unless the government drops the plan.

How Canadian firms can unlock $22 billion in revenue by 2023

New research from Accenture finds that Canadian companies stand to miss out on an astonishing 43 per cent –$22 billion – in revenue gains by 2023 if they don’t change their enterprise technology approach.

2020 Fintech predictions from Marqeta Special

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.

Online shoppers beware: New mobile banking Trojan appears Special

A new strain of mobile banking Trojan called Ginp has been constantly refined to collect login credentials and credit card details, warns Will LaSala, Director of Security Services at OneSpan.

Vatican: top anti-money laundering official leaves post

Vatican City - The Vatican's top financial investigator charged with investigating money laundering and other such crimes has left his post after the non-renewal of his contract, the Holy See said on Monday.

Facebook's Zuckerberg open to scaling back Libra plan

Washington - Facebook chief executive Mark Zuckerberg opened the door Wednesday to scaling back plans for the company's digital coin Libra if it cannot win approval as a new currency for global exchanges.

Zuckerberg calls Libra coin a key for American leadership

Washington - Facebook's proposed digital coin Libra would "extend America's financial leadership" while helping cash-strapped people around the world, chief executive Mark Zuckerberg said in remarks prepared for delivery to lawmakers released Tuesday.

Libra coin key for 'America's financial leadership': Zuckerberg

Washington - Facebook's proposed digital coin Libra would "extend America's financial leadership" in the world, chief executive Mark Zuckerberg said in remarks for delivery to lawmakers released Tuesday.

The Vatican out of money? Heavens no, says pope ally

Vatican City - Pope Francis's economic adviser on Tuesday denied reports the Vatican was at risk of default, saying the allegations were part of a campaign to discredit the pontiff.

More companies back away from Facebook's Libra coin

San Francisco - Facebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency.

US sanctions leave bitter taste on French winegrowers' palates

Pommard - For French winegrowers in the Burgundy region, the new 25-percent US tariffs are leaving a bitter taste on the palate.But like it or not, they are caught up in a trade war they feel has nothing to do with them.

Kristalina Georgieva named IMF managing director

Washington - The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the second woman ever to lead the 189-member institution.

Middle class feels the squeeze in debt-wracked Argentina

Buenos Aires - Facing mounting piles of credit card debt, unpaid medical bills and private school fees, Argentina's cash-strapped middle class, much like the state itself, is facing its own debt default.

Austria's love of cash in poll campaign spotlight

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.

Banking industry is the furthest ahead in digital tech adoption

A new survey assesses the digital transformation of banking and finds that when compared to healthcare, energy and utilities, plus other consumer and industrial products, banking is significantly ahead when it comes to digital maturity.

Measures to put the digital transformation of banks back on track

Banks were doing well with digital transformation in the early stage, but the deployment of digital banking transformation is slowing down as things move from IT departments to other parts of the organization, according to a new survey.

Average U.S. student debt rises to $28,565 per person

LendEDU has published its fourth annual 'Student Loan Debt by School by State Report' that lists the average student debt per borrower figures at nearly 1,000 U.S. colleges and universities throughout the country. This shows a rise in debt rates.

Italy to decide on government future after Salvini pullout

Rome - Italian senators are on Monday to take an initial decision on the future of Prime Minister Giuseppe Conte's government after far-right leader Matteo Salvini plunged the country into turmoil by pulling out of the teetering coalition.

Salvini rallies supporters, demands election date

Apo - Italy's hardline Interior Minister Matteo Salvini embarked on a southern tour to rally support on Saturday, demanding an election date be set after he pulled out of the coalition government, plunging the country into a political crisis.

HSBC says CEO Flint steps down as it faces 'challenging' geopolitics

Fpo - HSBC on Monday announced its Group Chief Executive John Flint had stepped down after less than two years on the job, as the banking giant revealed decent first half profits but warned it faced "challenging" geopolitics.

HSBC says CEO Flint steps down, pre-tax profit up 15.8%

Fpo - HSBC on Monday said its Group Chief Executive John Flint had stepped down as the bank braces for geopolitical uncertainties. The announcement came as the banking giant reported pre-tax profit was up 15.8 percent at $12.
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Standard Chartered bank
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Phillippine stock market board.
Katrina.Tuliao
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A sign outside the headquarters of JP Morgan Chase & Co in New York
A sign outside the headquarters of JP Morgan Chase & Co in New York
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John Swinney MSP
John Swinney MSP
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The Euro sign outside the European Central Bank in Frankfurt, Germany
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Retirement
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PayU Chief Commercial Officer Matthias Setzer
PayU Chief Commercial Officer Matthias Setzer
PayU
Toronto s finance district by Tim Sandle.
Toronto's finance district by Tim Sandle.
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Photograph of Toronto at night.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
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Couple on couch, working through their budget.
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London s Canary Wharf finance district  as viewed from Greenwich Park.
London's Canary Wharf finance district, as viewed from Greenwich Park.
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Interior of NatWest Castle Street, Liverpool
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Federal Reserve G20 Data Display in Ratio Line Chart
Federal Reserve G20 Data Display in Ratio Line Chart
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
Whether crowdfunding is a  new and powerful arrow  or  still in the hype phase  depends on who you a...
Whether crowdfunding is a "new and powerful arrow" or "still in the hype phase" depends on who you ask
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Comparison of disposable incomes
Comparison of disposable incomes
Wyatt Emmerich, theclevelandcurrent.com

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