Barclays need not repay a couple scammed out of £700K, Judge rules
Barclays Bank is not liable for restitution to a woman who was conned into handing over £700,000 to scammers claiming to be fraud investigators, a High Court judge has ruled....
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Negative interest rates: How banks can keep pace with fast-moving regulation
As the coronavirus pandemic continues to impact the global economy, the idea of negative interest rates has taken centre-stage. Nanda…
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View More Behavox bolsters voice data analytics with Red Box partnership
US-based enterprise risk and compliance solutions provider Behavox has partnered with Red Box to enhance voice data analytics for financial institutions. The partnership will lead…
Germany’s Commerzbank taps Microsoft for digital overhaul
German banking group Commerzbank has extended its partnership with American technology giant Microsoft to migrate major chunk of its applications in the cloud over the…
TMT IPO proceeds soar by 67% in 2020: GlobalData Thematic Research
2020 saw a 67% increase in TMT IPO proceeds compared to 2019 with fintechs well to the fore. And according…
Citi taps Volante Technologies to boost Global ISO 20022 migration
Citi Treasury and Trade Solutions (Citi), a division of Citigroup's institutional clients group, has extended its partnership with Volante Technologies…
Yapi Kredi to adopt flexible working option for staff to lower costs
Yapi ve Kredi Bankasi, a Turkish bank, is reportedly allowing a part of its workforce to work from home on…
Revolut and Investec launch USD Savings Vaults for UK customers
Revolut has launched easy-access USD Savings Vaults for its UK customers, in collaboration with its partner bank Investec. The Revolut…
Expert Commentary & Analysis
View MoreCredit unions need to wake up to their increasing irrelevance before it is too late
While credit unions contemplate how to appeal to new audiences, their digital competitors have left them stranded in the market. Instead, they need to adapt or die: deliver better financial…
Banks will find it hard to take on BNPL without offering it themselves
Rather than fear creating competition for their own credit card ventures, banks should view buy now pay later (BNPL) as a way to introduce new consumers to their wider suite…
Regulatory changes halt Ant Group’s IPO, leave state-backed banks rejoicing
Initially anticipated to take place approximately two years ago, Ant Group’s initial public offering (IPO) has suffered another setback as its dual listing on the Shanghai and Hong Kong stock…
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Cloud Computing in Banking: Challenges
The banking industry has been relatively slow to adopt cloud computing compared with other industries. This comes out of a fear regarding potential cybersecurity failings…
Optimism over global economic recovery hits a low as May ends: Poll analysis
The global economic growth in 2020 has been eclipsed since the Covid-19 pandemic outbreak causing fears of looming unemployment and recession in a number of…
Singapore’s DBS Bank selects Exiger solution to combat financial crimes
Singapore-headquartered DBS Bank has collaborated with Exiger to deploy an AI-powered due diligence solution to prevent financial crimes. The lender…
Juvo introduces FiDaaS platform for underbanked people
American financial identity provider Juvo has introduced a new ‘Financial Identity-as-a-Service (FiDaaS)’ platform to give 3.9 billion underbanked people access…
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Expect a much less conducive future fintech environment in China
In an effort to regain full control of China’s financial services sector, the Communist Party (CCP) is likely to tear up the country’s previously laissez-faire attitude to fintech, choking off…