Libor’s demise set to rock the foundations of finance?

November 16, 2019 at 09:00AM By Aditya Oak, principal consultant, Brickendon The Libor transition is becoming far from easy The 2012 Libor (London Inter-Bank Offered Rate) scandal rocked the financial world when it was revealed it had been manipulated for profit, culminating in combined fines of around $10 billion and a decision to cease Libor … Continue reading Libor’s demise set to rock the foundations of finance?

European Investment Bank to phase out fossil fuels financing

November 15, 2019 at 09:41AM EU’s lending arm to become first ‘climate bank’ by ending financing of oil, gas, and coal projects after 2021 The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first ‘“climate bank”. The bank will end … Continue reading European Investment Bank to phase out fossil fuels financing

Point-of-sale financing an untapped opportunity for banks

November 14, 2019 at 09:18PM Banks need to embrace new customer acquisition models or risk falling behind, a recent Accenture report argued. The report, titled 5 Big Bets in Retail Payments in North America, examined how banks risk losing payments revenue to technology startups and other non-bank competitors. According to Kevin Grieve, North American lead … Continue reading Point-of-sale financing an untapped opportunity for banks

Bank of Georgia launches AI-powered personal finance tool

November 14, 2019 at 08:00AM Bank of Georgia has launched a new retail banking solution which it claims it powered by artificial intelligence (AI) to help provide customers with a tailored digital experience. The new tool is the first of its kind in the Caucasus MBank, underpinned by technology company Strands, will feature smart personal … Continue reading Bank of Georgia launches AI-powered personal finance tool

ATB Financial acquires Grow Technologies

November 12, 2019 at 10:19AM Canada’s ATB Financial plans to enhance its digital services following the acquisition of Grow Technologies, reports Jane Connolly. ATB’s customers can expect to see an “easy-to-use and time-saving digital platform”. The technology assets acquired include Grow’s digital account and loan origination platform, FinSnap financial insights technology and other proprietary digital … Continue reading ATB Financial acquires Grow Technologies

Putting female STEM into financial systems: the role of gender diversity in fintech

November 12, 2019 at 05:00AM Over the past five to 10 years, no other sector has seen the amount of investment and growth as that of fintech. From an employment perspective,fintech offers the latitude for people to work on high impact projects in the financial markets sector, something which was traditionally the preserve of the … Continue reading Putting female STEM into financial systems: the role of gender diversity in fintech

[Discussion] our financial institution has indicated that it could not successfully authenticate this transaction. To protect against unauthorized use, this card cannot be used to complete your purchase. You may complete the purchase by attempting to authenticate again or by using a different credit or debit car

November 11, 2019 at 10:50PM hello, am on e ticketing using a mastercard and it is giving me this error shut the window down a few times and its still giving me this error, help would be much appreciated submitted by /u/eunan2002 [link] [comments] via Savings, Checkings, CDs, oh my! http://bit.ly/2Kcf23P

[Discussion] Requesting advice and recommendations for financing/pre-approval for purchasing a vehicle out of state from an individual.

November 10, 2019 at 07:48PM Hi all. I’m looking for advice/recommendations regarding financing a vehicle out of state from an individual. I spoke with my local credit union about pre-approval and they said that financing a vehicle out of state from an individual is complicated and implied that the seller will need to visit the … Continue reading [Discussion] Requesting advice and recommendations for financing/pre-approval for purchasing a vehicle out of state from an individual.

Brainard Discusses Implications of Climate Change on Financial Stability

November 08, 2019 at 07:39PM In remarks at a Federal Reserve Bank of San Francisco event today, Fed Governor Lael Brainard discussed the potential implications that climate change could have for financial stability, and the importance of properly pricing in climate change-related risk. The post Brainard Discusses Implications of Climate Change on Financial Stability appeared … Continue reading Brainard Discusses Implications of Climate Change on Financial Stability

DBS Bank unveils trade finance blockchain project

November 08, 2019 at 07:00AM DBS Bank has partnered with a group of vendors and government bodies to develop a new open source trade finance blockchain project, the ICC TradeFlow platform. A $20 million pilot trade will be shipped later this month The bank has been joined by commodities trading firm Trafigura, the Infocomm Media … Continue reading DBS Bank unveils trade finance blockchain project

How big tech is dragging us towards the next financial crash

November 08, 2019 at 06:00AM Like the big banks, big tech uses its lobbying muscle to avoid regulation, and thinks it should play by different rules. And like the banks, it could be about to wreak financial havoc on us all. By Rana Foroohar ‘In every major economic downturn in US history, the ‘villains’ have … Continue reading How big tech is dragging us towards the next financial crash

Jordan appoints former palace advisor as new finance minister in government reshuffle-royal decree

November 07, 2019 at 11:49AM Jordan has appointed a Harvard-educated former royal palace advisor as finance minister to oversee talks expected this month with the International Monetary Fund on completing austerity measures that aim to reduce the country’s growing public debt, a royal decree said. via https://reut.rs/2WSmshv

AI savings firm Chip Financial nabs £3.5m from angel investors

November 07, 2019 at 10:28AM UK fintech Chip Financial has raised £3.5 million in angel funding, a month after a £3.8 million crowdfunding round. Chip uses Open Banking to connect to users’ primary accounts Founded in 2016, the firm provides an app which it says will simplify savings via artificial intelligence and claims to have … Continue reading AI savings firm Chip Financial nabs £3.5m from angel investors

REFILE-Blockchain solves trade authentication, financing issues – Shanghai regulators

November 07, 2019 at 07:43AM The use of blockchain technology solves the issue of information asymmetry in trade finance and the core problem of providing proof of trade authenticity, the Shanghai headquarters of the People’s Bank of China (PBOC) and the city’s commerce commission said in a statement on Thursday. via https://reut.rs/2JUop7W

Mylo raises $10m Series A from major Canadian financial institutions

November 07, 2019 at 08:00AM Mylo, the Montreal-based fintech, has secured $10 million in financing for its app that helps Canadians automate their saving and investing. The Series A round was led by National Bank’s corporate venture capital arm, NAventures, with follow-on investment from Desjardins Capital, Ferst Capital Partners and Tactico. This brings the company’s … Continue reading Mylo raises $10m Series A from major Canadian financial institutions