Banking licenses an opportunity to create fintech hub in Singapore

January 21, 2020 at 05:01AM Singapore is becoming a haven for e-commerce companies looking to get into banking in Asian markets. In 2019, the Monetary Authority of Singapore announced it would issue three digital wholesale bank licenses and two digital full bank licenses, challenging Singapore’s legacy financial institutions, CNBC reported. The regulator’s moves have created … Continue reading Banking licenses an opportunity to create fintech hub in Singapore

[Discussion] How to get a voided check from Citibank if there’s no Citibank anywhere near where I live?

January 21, 2020 at 01:06AM I signed up for direct deposit for a new job and I am to bring in the direct deposit form on Monday with a voided check. There's not a branch anywhere near where I live. I don't think any at all in the state of Louisiana. could I just order … Continue reading [Discussion] How to get a voided check from Citibank if there’s no Citibank anywhere near where I live?

Greenpeace hits out at Davos banks for $1.4tn climate hypocrisy

January 20, 2020 at 11:01PM Report highlights financial support given to hydrocarbon sector by 24 institutions The world’s leading financial institutions have been accused of hypocrisy over the climate emergency, after providing significant support for the fossil fuel industry over the last five years. A report by Greenpeace, the environmental group, highlights that 24 banks … Continue reading Greenpeace hits out at Davos banks for $1.4tn climate hypocrisy

[Discussion] What happens if I do not pay back a banking error? What could be possible consequences?

January 20, 2020 at 09:52PM Small local bank uses a 3rd party software platform to allow automated bill pay through their website. I called the bank 3 times and actually visited a branch on the day the payment was to go out asking them to stop it because funds were not in my account to … Continue reading [Discussion] What happens if I do not pay back a banking error? What could be possible consequences?

[Discussion] Bank of America – Debit Card Malfunctioning – New Card Not Here Yet, Can I use Old Card

January 20, 2020 at 01:40PM Hi Everyone. Quick Questons. If my Bank of America card is not working, say the chip is malfunctioning and I need a new card through the mail. There is a 4-7 business days where they need to send me the new card but I need some kind of access to … Continue reading [Discussion] Bank of America – Debit Card Malfunctioning – New Card Not Here Yet, Can I use Old Card

Dubai-based challenger OG Bank selects Bankable to tap UK and Germany

January 20, 2020 at 01:00PM OG Bank, a Dubai-based challenger bank also known by its digital wallet name OG Pay, has selected Bankable, the ‘Banking-as-a-Service’ provider which recently teamed up with Plaid, to power its core banking. Set to launch soon in the UK and Germany, the neobank will focus on mobile digital banking and … Continue reading Dubai-based challenger OG Bank selects Bankable to tap UK and Germany

Siemen’s Mendix builds Rabobank’s new banking portal RaboDirect

January 20, 2020 at 06:00AM Mendix, the low-code software platform bought by European manufacturer Siemens in 2018, has announced its project with Netherlands-based Rabobank to create its new online banking portal called ‘RaboDirect’. Predominantly designed for the bank’s Belgian and German customers to send money, the portal will also be used by employees to process … Continue reading Siemen’s Mendix builds Rabobank’s new banking portal RaboDirect

Part one: What is the best model for marketplace banking?

January 20, 2020 at 01:00AM It’s 2021 and the future of banking, a mega-conference packed with every head of innovation from companies across the globe, is about to start. Lights dim, futuristic music plays and a grey-haired man wearing a suit with sneakers steps onto stage. Oliver Mitchell, CEO at Moneycado “In five years, retail … Continue reading Part one: What is the best model for marketplace banking?

Part one: What is the best model for marketplace banking?

January 20, 2020 at 01:00AM It’s 2021 and the future of banking, a mega-conference packed with every head of innovation from companies across the globe, is about to start. Lights dim, futuristic music plays and a grey-haired man wearing a suit with sneakers steps onto stage. Oliver Mitchell, CEO at Moneycado “In five years, retail … Continue reading Part one: What is the best model for marketplace banking?

[Discussion] Apartment landlord asking for bank statements too much?

January 18, 2020 at 10:30PM My work doesn’t give out pay stubs, and although I started it only 3 months ago, my landlord is only concerned/wanting to know about my current job. He asked for last months bank statements so I sent him one for my chequing and credit, as well as my husband did … Continue reading [Discussion] Apartment landlord asking for bank statements too much?

[Discussion] Apartment landlord asking for bank statements too much?

January 18, 2020 at 10:30PM My work doesn’t give out pay stubs, and although I started it only 3 months ago, my landlord is only concerned/wanting to know about my current job. He asked for last months bank statements so I sent him one for my chequing and credit, as well as my husband did … Continue reading [Discussion] Apartment landlord asking for bank statements too much?

[Discussion] Move from Canada to USA – Banking Career Advice Needed

January 18, 2020 at 09:18PM Hello everyone! I am looking to start a career in either in investment banking or even personal banking at Wall Street in NY. I have grown sick of Toronto banking industry in terms of opportunities here. I currently have a 2 year college diploma in business management financial services from … Continue reading [Discussion] Move from Canada to USA – Banking Career Advice Needed

[Discussion] Move from Canada to USA – Banking Career Advice Needed

January 18, 2020 at 09:18PM Hello everyone! I am looking to start a career in either in investment banking or even personal banking at Wall Street in NY. I have grown sick of Toronto banking industry in terms of opportunities here. I currently have a 2 year college diploma in business management financial services from … Continue reading [Discussion] Move from Canada to USA – Banking Career Advice Needed

[Discussion] A Bank gave me wrong account number and had me deposit $5,000 into another persons account.

January 18, 2020 at 02:17AM The title is quite self explanatory. They are recouping me the funds in the next 10 days, but it feels like a breach of trust. I got this 12 mo/ 0APR line of financing because I just bought a wedding ring after asking my fiancé to marry me. On top … Continue reading [Discussion] A Bank gave me wrong account number and had me deposit $5,000 into another persons account.

[Discussion] A Bank gave me wrong account number and had me deposit $5,000 into another persons account.

January 18, 2020 at 02:17AM The title is quite self explanatory. They are recouping me the funds in the next 10 days, but it feels like a breach of trust. I got this 12 mo/ 0APR line of financing because I just bought a wedding ring after asking my fiancé to marry me. On top … Continue reading [Discussion] A Bank gave me wrong account number and had me deposit $5,000 into another persons account.

Monzo bank ‘freezing accounts for no apparent reason’

January 18, 2020 at 08:30AM Its app has been a runaway success, but some users say they have been shut out after apparent fraud The rise of Monzo has been nothing short of remarkable. Rave reviews from customers who universally loved its app-based banking, plus awards and glowing write-ups from the likes of Which?, helped … Continue reading Monzo bank ‘freezing accounts for no apparent reason’