Banking

NuBank

Shares in Nubank rise as it narrows loss, boosts revenue

Shares in Nubank rose nearly 8% in after-hours trading as investors welcomed a narrower fourth-quarter loss at Latin America’s most valuable fintech, which added new clients ...

NuBank

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...

Cyber printed

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.

Commonwealth Bank: Australia

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

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 ...

Bitcoin

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...

JP Morgan Banking App

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...

Google Cloud

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 Bank

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 ...

Platform industry news: Oracle Corp

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 ...

Commonwealth Bank: Australia

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 ...

JP Morgan Chase

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...

Platform Industry: ByteDance China company building

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...

Bitcoin ATM's

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...

Platform News: Ant Group and the FinTech sector in China

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...

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