Banking

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.

Platform Industry: Google News

Deutsche Bank and Google agree a multi-year strategic partnership

Deutsche Bank has said it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based fin...

European Union

EU banks to take on Visa and Mastercard with new payments system

Sixteen banks from Germany, France and three other euro zone countries said a “truly European” payments system was expected to be up and running in 2022 to fully digita...

Fromer Wirecard CEO

Former CEO of Wirecard arrested as creditors hunt lost billions

Wirecard’s former boss has been arrested on suspicion of falsifying its accounts, after the German payments firm disclosed a $2.1 billion financial hole and questioned whethe...

Security

US officials suggest North Korea hacking threatens the global financial system

American government officials have warned about the threat of North Korean hackers, calling particular attention to the financial services sector. 

Platform Industry: Huawei, 5G infrastructure and the EU

Lawmakers in the US seek to curb Huawei’s access to US banks

US lawmakers plan to unveil a bill that could be used to block Huawei from accessing US banks for certain transactions, in a bid to thwart the Chinese telecoms giant amid frustrati...

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