Banking
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?
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...
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...
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.
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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