Banking
Sources: Brazil prepares new regulations for fast-growing FinTechs
Brazil’s government plans to publish new regulations for FinTechs, following public consultations by the central bank, three sources told journalists at our partner news agen...
Banks ordered to promptly flag cybersecurity incidents under new US rule
US banking regulators have finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery.
Australia’s CBA breaks ranks to offer cryptocurrency trading
Commonwealth Bank of Australia will become the country’s first to offer retail clients crypto services, Australia’s largest bank has said, marking a change from the sec...
Westpac to launch zero-interest digital card with young consumers in focus
Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the ...
JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation
Jamie Dimon, the co-CEO of banking titan JPMorgan Chase & Co has said at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitco...
JPMorgan takes on UK rivals with launch of digital bank Chase
JPMorgan is challenging British rivals on their home turf with the launch of its long-awaited digital retail bank, Chase, as part of what the US lender hopes will be a global expan...
Banks take steps to reduce potential cloud computing risks, Google survey
Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud has said.
Santander’s payments FinTech PagoNxt to expand in 30 countries
Santander, the euro zone’s second-largest bank by market value, has said its payment FinTechunit, PagoNxt, would start to serve customers in 30 countries in Europe under the ...
Oracle unit partners with Everest to bring blockchain to banks worldwide
Oracle Financial Services Software, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product ...
Australia’s CBA to let customers check other bank balances on its app
Commonwealth Bank of Australia has become the first among the country’s four big lenders to allow customers to view account balances from other lenders through its app, in a ...
USbanks deploy AI to monitor customers and workers amid tech backlash
Several US banks have started deploying camera software that can analyse customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about po...
India blocks bank accounts of ByteDance, company mounts challenge
Indian authorities have blocked at least two of ByteDance’s bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit i...
Coming soon: Bitcoin ATMs to petrol stations near you
A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: the bitcoin ATM, where customers can buy or sel...
China’s Ant cuts credit limits for some young Huabei users
China’s Ant Group is lowering borrowing limits for some young users of its Huabei virtual credit card product, the company said on Wednesday, a month after China frozen the F...
China’s Ant Group says it’s a tech business not a bank
Ant Group, about to make the largest public sale of shares ever, introduces a basic conundrum: what kind of business is it – a financial colossus or a tech giant?
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