Open Banking Yet To Usher In The Expected Fintech Boom

One year ago, European lawmakers decided to open up the banking markets. This was done by forcing banks to share account data with their competitors as long as their customers agreed with the sharing process. The focus behind this change

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FCA Wants Notification Of Brexit Contingency Plans

With the Brexit deadline quickly approaching, UK financial institutions are busy making plans. The Financial Conduct Authority (FCA) will have its hands full and has taken steps already by announcing that its contingency plan is now open for notifications. The

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Indian’s Can Once Again Use Paytm Payments Bank

Paytm Payments Bank (PPB) was in hot water for much of 2018 for failing to comply with Indian banking regulations. As a result, PPB was unable to open new accounts because it was barred from doing so. However, after a

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Nomura Holdings Expanding Forex Services In The US

Nomura Holdings which is Japan’s biggest brokerage and banking group recently announced that it is planning to expand its forex services in the United States. Their corporate clients in the US can expect expanded services including acquisition finance, the arrangement

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BOA Files Blockchain Patent Focusing On Cash Handling Devices

When people talk about blockchain, they often talk about its association with bitcoin and cryptocurrencies. However, blockchain can be used for more than just cryptocurrencies. Having a publicly available ledger that is hard to manipulate can be a big plus

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Ant Financial Looks To Expand Payment Services

China has been stretching its financial muscle on the world stage for some time now. Chinese companies expanding into global markets and acquiring major companies is one clear sign of this. Ant Financial is joining in on this trend as

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DGCX & FXCM Partner To Create Innovative FX Products

The Dubai Gold and Commodities Exchange (DGCX) and the FXCM Group have signed a Memorandum of Understanding (MoU) that they would soon be working together to launch new forex products on the exchange. The deal will allow the exchange to

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MasterCard To Delete Indian Cardholder Data

MasterCard has informed the Reserve Bank of India (RBI) that it will soon be deleting its data on Indian cardholders, with a “proposed date” in mind. This is in response to the regulation issued by the RBI in April that

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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

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RBI 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

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