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...

Platform News: Ant Group and Alipay

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?

Platform News: State backed hackers, cyber crime and cyber security

Hungarian banks and telecoms providers briefly hit by cyber attack

Some Hungarian banking and telecommunication services were briefly disrupted by a powerful cyber attack on Thursday launched from computer servers in Russia, China and Vietnam, tel...

Platform Industry: ByteDance China company building

ByteDance buys UIPay to leverage e-payment capabilities at home

ByteDance, the proprietor of popular short-video app TikTok, said it has obtained a Chinese third-party payment service UIPay in an attempt to leverage its national payment capabil...

Platform Economy: Small Business Finance

Silicon Valley Bank hiring 80 in UK as tech investment rebounds

United States-based Silicon Valley Bank is midway through hiring around 80 bankers in the UK, as it bucks the trend of peers who are shrinking during the coronavirus crisis.

Platform News: Opening the WhatsApp app on a smartphone

WhatsApp to partner with more Indian banks

WhatsApp plans to team up with more Indian lenders to expand banking services in rural areas and for lower income individuals, the messaging platform’s country head said.

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