Revolut To Offer Cross-Border Transactions
British fintech startup Revolut has broken new ground by getting a European banking license from Lithuania. This would allow the company to launch operations across the European market in the next year. This is a big move for Revolut since
Read MoreRBI Wants Customer Verification Through Live Video
The Reserve Bank of India (RBI) has come under a lot of scrutiny in recent times and now more so than ever after RBI Governor Urjit Patel resigned on December 10 citing personal reasons. The RBI will not have his
Read MoreSWIFT Trials New Innovative Payment System
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of global finance for the last few decades. However, that dominance is being challenged by blockchain and other innovative financial technologies which provide a cheaper and faster means
Read MoreGFCI Grows Showing Rise of Asian Markets
Published twice a year since 2007, the Global Financial Centres Index (GFCI) lists the top financial centres of the world, which is a great indicator of economic movement worldwide. The GFCI first started in 2007 and since then releases its
Read MoreDeutsche Bank Raided Over Money Laundering Allegations
The global banking industry has received a lot of flak in recent years for their lack of concern in enforcing and following anti-money laundering (AML) laws. The latest bank that has suffered due to money laundering allegations is popular Germany
Read MoreCapBridge’s ‘1exchange’ Given Go Ahead In Singapore
Singapore's central bank, the Monetary Authority of Singapore (MAS) has given CapBridge the approval to operate a private stock exchange in the country. A capital raising platform, CapBridge has already announced plans to open its “1exchange” in the near future.
Read MoreDanske Bank Whistleblower Talking To DOJ Regarding Scandal
Howard Wilkinson, the one who blew the whistle on the biggest money-launder scandal involving Danske Bank has been talking with officials of various US law enforcement agencies, including the Department of Justice (DoJ). He has been cleared by the bank
Read MoreFintech Start-Ups Get A Boost From Singapore’s Central Bank
Singapore-based fintech start-ups are going to have an easier time to test their tech solutions. This is due to the fact that the Central Bank which is known as the Monetary Authority of Singapore (MAS) is opening up a sandbox
Read MoreBiometric Payments May Soon Become The Norm
When it comes to eCommerce websites, it does not get any bigger than Chinese giant Alibaba. The website reportedly does more business than eBay and Amazon combined and recently created yet another record in the eCommerce world. Alibaba celebrates Singles
Read MoreSoftbank IPO Raises Interest From Japanese Investors
SoftBank Group Corp, one of the top companies in Japan is set to raise billions of dollars which will come in the form of an initial public offering (IPO) that they have just gotten approval for. They hope to raise
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