ECB tapering talk is purely speculative
ECB policymaker Francois Villeroy de Galhau said suggestions that the European Central Bank (ECB) could begin winding down exceptional bond purchases early are purely speculative. Villeroy is also governor of the French central bank. He pushed back against recent comments by more hawkish members of the ECB who have suggested it could decide to slow bond […]
Citi weighs launching cryptocurrency services after surge in client interest
After a surge in interest from clients, Citigroup Inc is weighing the option of providing cryptocurrency-related services. Itay Tuchman, the bank’s global head of foreign exchange reported to the newspaper that the bank has not yet decided whether it will offer clients cryptocurrency-related services, but trading, custody and financing are all under consideration. Tuchman told the […]
ZhongAn, StanChart-backed lenders take early lead in HK digital bank race
Online-only banks in Hong Kong backed by China’s ZhongAn Online P&C Insurance and Britain’s Standard Chartered moved ahead of newly launched rivals as they garnered 70% of deposits last year. The numbers give the first glimpses of the performances of Hong Kong’s eight so-called virtual banks. This is launched last year and it can offer […]
China March new bank loans rise but broad credit growth eases
Due to strong corporate and household demand, new bank loans in China have risen when compared to last month. This is because the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. In March, Chinese banks extended 2.73 trillion Yuan ($416.62 billion) in new Yuan loans, up from 1.36 […]
Credit scores and open banking’s real time perception
FCA study recently found that 14 million people were contending with the financial issues at the end of 2020, which represented more than a quarter of the UK’s adult population. The image is considerably tough for SMEs, which have been impacted majority by the lockdowns, loss of earnings and more. It is estimated that the […]
SoftPOS solutions benefits multiple factors
The Global digital payment is set to reach $236.10 billion by the year of 2028. With more of this kind of growth attributed to the arrival of the new techs and those considering to capitalize on the growth sector of the digital may not have an idea of where to start. But it is a […]
Exclusive Brazil’s NU Bank readies U.S Stock Market Listing Sources
Brazilian digital bank Nubank has initiated preparations for a U.S. stock market listing. As yearly as this year this would come, according to some people well versed with this matter. In recent years, it would be one of the biggest stock market debuts of a South American company. David Velez, a Stanford-educated Colombian founded the Sao […]
Citigroup steps up Western European Corporate Banking push
Citigroup is expanding its commercial banking operations in Europe, Middle East and Africa (EMEA). As part of a wider bid to capitalize on its global presence, looking to take on local banks serving mid-sized companies. Last year around 30 hires were made by the bank in Britain. This year initially, 25 staff including bankers and […]
OPEN BANKING Revolution in Vietnam
Banking sectors new revolution is the open banking. To keep up with the rapid financial landscape, Vietnam is introducing open ApIs. We can get an idea about digital transformation strategy by the Digital transformation in Vietnam. About 94% of the banks have initially implemented this and 35% of banks are in the process. Saigon Commercial […]
40 Million USD in Series B Extension Funding raised by Singapore based Neo Bank StashFin
StashFin is a Singapore based neo-banking start up. StashFin, founded in 2016, offers a Credit Line Card in partnership with VISA that permits customers to access their credit facility with easy monthly instalments and zero annual fees. Customers can order physical and virtual credit line cards that provide credit access across a broad array of […]