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Digital transformation of banking seeks out customers

A key element of digital transformation is with seeking out the customer rather than waiting for the customer to come to the instiution. This is part of a ‘go-to-market’ strategy, and a recent example is with Seacoast Bank.

Catalan separatists in cash withdrawal protest

Barcelona - Catalan separatists were flocking to withdraw cash Friday in protest at the central government and at banks who have moved their headquarters out of the Spanish region over its independence crisis.

Chatbots to improve customer experience at banks

Chatbots could improve customer experience and increase efficiency within finance. The relative simplicity of creating and running chatbot services is making them a popular option. They can replace regular staff and offer users support as they need it.

Fintech innovation for African banks

Maastricht - FMO, the Dutch development bank, and Above & Beyond, have come together to launch a fintech platform for African Banks. The aim is to accelerate the financial inclusion of the African banking system.

FinancialWorks: New U.S. national financial security ecosystem

New York City - A Prudential Foundation grant has enabled The Financial Clinic and UnidosUS to expand the financial security capacity across the U.S. and to build financial security for the working poor across the country.

Banking sector pushes ahead with digital technology

According to a new survey, U.S. banking CEOs are continuing to increase investments into digital transformation projects. Leading the way are robotic process automation, cognitive technologies, and data and analytics.

Wire transfers a thing of the past thanks to Plooto Special

Toronto - Business analysts as reported by Huffington Post, to Business Weekly and Forbes have all noted the impact small business has made upon the economy.

Digital payments now more popular than cash

Digital payments are now popular than cash as app-based methods become more widely supported. Every major mobile operating system now comes with a built-in payment provider. Adoption amongst banks and retailers is also on the rise.

Ukraine imposes sanctions on Russian state-owned banks

Kiev - Ukraine slapped sanctions on Russian state-owned banks operating in the country on Thursday, ratcheting up tensions with Moscow amid a bitter trade war with Kremlin-backed rebels in the east.

Thousands miss India currency exchange cut-off

Long queues continued outside banks in India, with people trying to deposit discontinued banknotes, ahead of a deadline. The deadline has now passed, rendering thousands of bank notes worthless.

Italy's banking problems can be solved, EU will help: Juncker

Brussels - Italy's banking problems can be solved and the EU will do everything to help, European Commission chief Jean-Claude Juncker said Wednesday, dismissing fears of something akin to the euro crisis.

New Italy PM says ready to intervene to save banks

Rome - New Italian Prime Minister Paolo Gentiloni confirmed Tuesday that his government was prepared to come to the aid of the country's third largest bank if private rescue efforts fail.

Bank overdraft fees hitting Millennials the hardest

Overdraft fees on checking accounts and debit cards are supposed to be a "courtesy" extended by financial institutions to cover those occasional times when we don't have the money to cover a purchase. Instead, they have become an expensive form of credit.

Argentina president, Brazil speaker linked to Panama Papers

S - Various Latin American officials are among the world figures mentioned in the "Panama Papers" trove of leaked tax documents detailing suspect international financial dealings, reporters who analyzed the material found.

Panama Papers allege offshore link with notorious British heist

London - A Panamanian shell company may have helped hide millions of dollars from the Brink's-Mat heist, a British gold bullion robbery that is etched in criminal folklore, leaked tax documents allege.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

Law firm in 'Panama Papers' leak is secretive, with big clients

Panama - Mossack Fonseca, the Panama-based law firm at the heart of the "Panama Papers" scandal, is a discreet outfit with a roster of big-name clients and a quiet reputation for hiding money from the tax man.

Panama vows to cooperate if legal fallout from 'Panama Papers' leak

Panama - Panama's government vowed Sunday to "vigorously cooperate" with any legal probe that might be launched in the wake of the "Panama Papers" data leak.

Op-Ed: California officials seek precautions for online lending trends Special

Sacramento - Americans now owe over $885 billion of revolving debt, according to sources at the Federal Reserve and much of it is entangled in credit card debt. This might be one of the reasons online lending is growing.

Greek banks reopen with restrictions as prices soar

Athens - Banks in Greece were open at week's end for the first time in July but at a steep price — limits on cash withdrawals and higher prices on nearly everything people buy.

Brazil targets 15 banks in forex fixing probe

Bras - Brazil's antitrust body announced a probe into alleged foreign exchange market rigging by 15 banks including Citigroup and HSBC.

ATM damaged in attempted theft from Caisse populaire Desjardins

They'd apparently readied a diversion, but suspects apparently hadn't considered all the logistics to ripping a bank machine Monday night from the lobby of a Pointe-aux-Trembles credit union.

Global financial regulator issues rules to curb 'too big to fail'

A global banking regulator has issued a series of proposals meant to protect taxpayers from ever again having to finance a bailout of large banks considered "too big to fail."

Anonymous Norway claim massive cyber-attack on Norwegian banks

Oslo - A massive cyber-attack was launched Tuesday, simultaneously affecting many of the top banks and financial institutions in Norway. Dubbed the country's biggest-ever network attack, responsibility has already been claimed by Anonymous Norway.

Hong Kong's soaring bank exposure to China sparks credit concerns

In just a few years, Hong Kong banks have ramped up lending to China from near zero to $430 billion, fuelling concerns about their credit exposure to the mainland at a time when sliding economic g...

ECB tested as push-back against bank review rules begins

The European Central Bank's (ECB) determination to subject the euro zone's largest banks to the same, rigorous checks is being tested, with countries lobbying for their banks to be treated differently ...

Greek central banker defends stress test results: paper

An "unduly conservative" approach in stress tests on Greece's major banks would have scared off investors, the head of Greece's central bank said on Saturday.

Bankers fear leaks from ECB health check

Euro zone bankers are worried that sensitive information will leak out before the official publication of the bloc's review of bank balance sheets, triggering speculation and making investors uneasy...
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Banks are beginning to take notice of crowdfunding as more people use sites like Zopa and LendInvest...
Banks are beginning to take notice of crowdfunding as more people use sites like Zopa and LendInvest instead of traditional borrowing methods
Expect Best / Pexels
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The logo of Swiss bank Credit Suisse is seen at an office building in Zurich
The logo of Swiss bank Credit Suisse is seen at an office building in Zurich
� Arnd Wiegmann / Reuters, Reuters
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CRISIS: Message posted on ATMs in Greece last month at height of country s dispute with European Uni...
CRISIS: Message posted on ATMs in Greece last month at height of country's dispute with European Union lenders. Banks were closed for more than three weeks but reopened Monday with limits on withdrawals.
SucreRouge/Wikimedia Commons

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