Banking
Mobile banking growth helps to support ING profit
AMSTERDAM (Reuters) - New customers in major markets such as Germany, Italy and Spain helped leading Dutch bank ING to report better than expected …
Mobile BankingACCC would prefer NBN and retailers to reach CVC resolution | ZDNet
The competition regulator stands ready to make a call on pricing if an agreement cannot be reached.<p>The Australian Competition and Consumer Commission …
'India’s leading digital wallet Paytm’s adding messaging to rival WhatsApp
Following India’s massive demonetization exercise last year – an effort to curb the spread of black money across the country – Paytm has grown its digital wallet service to a whopping 225 million users nationwide. Now, it’s set its sights on WhatsApp as it gears up to launch its own mobile …
Technology'Invisible Man' malware runs keylogger on your Android banking apps
A new breed of Android malware is picking off mobile banking customers, particularly those in the UK and Germany, we're told.<p>The Svpeng software …
Kaspersky LabVisa's Unlikely Moat
Cashless via mobile payment platforms is taking off in Asia—yet the West isn’t following their lead.<p>I look at the cultural differences that restrict …
BusinessNo Bank Account? No Problem: How to Live Bank-Free
Things are generally easier with a bank account. However, you might have your reasons for living life without a bank account. It might be a temporary …
Personal FinanceBarclays CEO said formally questioned by bank regulators
The CEO of Barclays has been formally questioned by banking regulators more than three months after his efforts to unmask a whistleblower triggered …
Barclays BankBlockchain-based trade matching engine gets the nod from ING
10 minutes ago | 85 views | 0<p>Dutch bank ING believes the days of mismatched trading tickets could be drawing to a close after conducting tests of a …
8 questions to ask before opening a new bank account
It's your money -- keep it working for you.<p>Even as our world gets more digital, banks play a key role in our ability to manage our money. Whether you're completely new to banking, moving to a new town, or simply not satisfied with your current bank, these eight questions will help you make the …
Personal FinanceInternational money transfers: what is the safest way to send money abroad?
Whether you are looking to set up regular payments to an expat family member or friend, or sending a large amount of cash to Spain to pay for a holiday home, the world of money transfers can be difficult to penetrate.<p>Working out whether the best deal is with your High Street bank or a transfer …
MoneyHSBC’s Assaf looks beyond banking comfort zones
A long-term plan to win more investment banking business outside the debt markets is starting to bear fruit, says top London banker<p>Fresh from a $1bn …
BusinessHere's what an overdraft fee crackdown could mean for UK neobanks
<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>The UK's Financial Conduct Authority (FCA) launched an investigation last November into the fees incumbent lenders charge for unarranged overdrafts.<p>Now, the regulator has …
FinTechWhen August Bank Holiday will be in 2017
Having a long weekend in the summer without having to take a day off work sounds good to us.<p>Will you make the most of the extra time with family and …
Birmingham, UKApple Pay gets 26 more issuing partners in US, UK, Australia, Canada & Japan
Apple has updated its roster of Apple Pay card issuers to include 21 more U.S. banks and credit unions, plus another five institutions spread across …
Apple PayCapitec is now the second biggest bank in South Africa
Absa recently published its interim results for the six months to 30 June 2017, showing a 7% rise in its half-year profit – despite the economic …
News (South Africa)Brazil: Will Central Bank Slow Interest Rate Cuts?
It looks like investors can still count on another deep interest rate cut next month from Brazil’s central bank.<p>Last week, that the nine-member …
EconomyInvestors Should Have Visa Or Mastercard (Or Better, Both) In Their Portfolio
MA and V have low volatility and minimal difference between one another.<p>American consumers spent $720 billion dollars on credit cards in the second …
StocksGoogle plan to track shoppers' loyalty cards criticised by privacy groups
Google is tracking shoppers on the high street by harvesting loyalty card data about their purchases, a move that has sparked criticism from privacy campaigners.<p>The technology giant will collect spending data from bricks-and-mortar retailers under a scheme set to be launched this year, monitoring …
Privacy10 Most Popular Types of Bank Checking Accounts -- The Motley Fool
A recent report from Moebs Services reveals the 10 types of checking accounts banks offer most frequently.<p>If you're in the market to open a new …
InvestingJuvo raises $40 million to bring financial inclusion to emerging markets
San Francisco-based startup Juvo wants to help mobile users in emerging markets improve their financial standing by combining data and identity to provide micro-loans. It’s an ambitious goal, and to help achieve it, the company has raised $40 million in funding led by NEA and Wing Venture …
StartupsVisa Helps Merchants Easily Adopt New, Global Specifications for QR Code Payments
SAN FRANCISCO--(BUSINESS WIRE)--Today Visa (NYSE:V) announced its support of the new global QR Code Payment Specifications from EMVCo, the global …
Reserve Bank of IndiaRoyal Bank of Scotland overhauls unarranged overdraft fees
Royal Bank of Scotland has overhauled its unarranged overdraft fees in a revamp that leaves many customers paying higher charges, a move that comes …
Royal Bank of ScotlandTransferWise to Support Apple Pay for International Transfers
British fintech TransferWise will now let U.S. users send money transfers via Apple Pay. International money transmitting startup TransferWise …
Apple PayDeutsche Bank Expects to Move 4,000 Jobs to EU After Brexit
Deutsche Bank AG’s most likely Brexit scenario foresees shifting about 4,000 jobs to continental Europe from the U.K. over several years, according …
BrexitThe Sapphire Reserve card is great for consumers – but not JPMorgan
<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>JPMorgan Chase is planning to cut about $200 million in costs related to the unit that manages its popular Sapphire Reserve card, according to the Wall Street Journal.<p>The bank …
BusinessAxis Bank’s acquisition of FreeCharge’s is proof that Indian banking is changing in the fintech era
The deal could set off more such transactions in the future, experts believe.<p>At first, traditional banks ignored the new-age financial tech …
FinTechSociete Generale Net Profit Down 28% in 2nd Quarter
PARIS – French lender Societe Generale SA (GLE.FR) said net profit dropped 28% in the second quarter, hit by litigation costs and persistently low interest rates.<p>The Paris-based bank, the country's third-largest listed bank by assets, said net profit fell to 1.06 billion euros ($1.25 billion) in …
Retail BankingA talk with the co-founder of the first U.S. Bitcoin ATM startup
Chris Yim dropped out of the Wharton School at the University of Pennsylvania in 2013 to launch what would become LibertyX, the first U.S. Bitcoin …
PhiladelphiaCalm Before The Storm?
Volatility has dropped to the lowest level in more than half a century.<p>Economic transparency and less political risk are solid arguments for less …
EconomyHong Kong Exchange plans blockchain-based share market
42 minutes ago | 57 views | 0<p>The Hong Kong Stock Exchange is planning to launch a new private market to provide early stage companies with a …
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