FinTech

Every second person in India has been duped, says a new study

It’s fairly easy to cheat Indian consumers—about 48% of them have directly or indirectly experienced fraud, a new study shows.<p>Retail merchants in the country, particularly, suffer high fraud rates, losing about 5% of their total gross merchandise value annually, the report released on Nov. 22 by …

Cheat

Android Pay vs Samsung Pay – Which do you use?

Android Pay works great, but a lot of our forum users would rather use Samsung Pay any day of the week.<p>If you own a modern Android phone, there's a …

Android News

KPMG hires ex-King & Wood Mallesons global managing partner

KPMG has picked up King & Wood Mallesons banking and finance partner Stuart Fuller to run its Australian law practice.<p>Fuller - who was has held …

CoinLoan Launches Lending Platform Using Crypto Assets

This is a <b>paid-for submitted press release</b>. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any …

Bitcoin

China War on Online Loans Makes Waves in New York: QuickTake Q&A

Chinese President Xi Jinping’s campaign to reduce risk in the financial system is being felt in New York. Regulators in China are targeting the …

China

Investors divide in peer-to-peer lending

With increasing difficulty in securing finance through traditional measures, SMEs have turned to new alternatives. By Prof Theo Lynn and Dr …

Peer-to-peer

These are the scam texts you should never respond to

<b>Barclays is warning its customers not to fall for a fake text message scam that could be sent by fraudsters phishing for personal details.</b><p>The bank …

Identity Theft

Are You a Credit Risk? Indian Banks Dig Deep in Your Phone to Find Out

MUMBAI—Indian banks have started mining data on customers’ smartphones for fast loan approval, testing out cutting-edge but controversial technology in what is potentially a huge market for such products.<p>Long hampered from lending to the hundreds of millions of Indians without credit histories, …

India

The 311,000-strong legal industry is seeking protection from Brexit

Getty Images<p><b>A new report by industry body TheCityUK said the government must do more to ensure the UK remains the "jurisdiction of choice" for legal services after Brexit.</b>• <b><br>Agreeing a transitional arrangement and ensuring mutual access to services and talent for the UK and EU should be a "high</b> …

Brexit

Australians are increasingly using their phone as a credit card: Deloitte

The pressure is on Australian banks to keep up with customer's growing use of smartphone apps to pay for in-store and online purchases.<p>A Deloitte …

Banking

Financial experts for promoting MSMEs

ISLAMABAD, Nov 23 (APP):Financial experts here on Thursday stressed the need for promoting microfinance and small and medium enterprises (MSME) for …

Microfinance

Wirecard Partners with Capital Float to Provide Small

Retailers Fast and Customized Loans in India(Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes …

Banking

#AlphaRising is THRILLED Meg Whitman is Leaving HPE

#AlphaRising has been seeing such an interesting trend: Many strong, powerful women are finding they actually can make more of a difference running …

Tech Industry

News Highlights: Top Financial Services News of the Day

HSBC's Global Banking Co-Head Leaves After 18 Months<p>HSBC's global banking co-head, Matthew Westerman, will leave after a turbulent 18 months at the bank, staff were told in a memo.<p>Investors Have Gotten Too Complacent on China Debt<p>China is right that industrial capacity cuts are helping steel and …

Carl Icahn

Facebook opens 2nd office combating hate speech in Germany

ESSEN, Germany (AP) — Facebook is adding 500 more contractors in Germany to review content posted to the social media site, after a new law came into force targeting online hate speech.<p>The company says the staff will work for a service provider called CCC at a new office in the western city of …

Business

China puts the brakes on its sprawling microlending industry

A top-level Chinese government body issued an urgent notice on Tuesday evening asking provincial regulators to suspend issuing licenses to any new …

News (China)

SNB Tiptoes Around Cryptocurrency

<b>UBS Chairman Axel Weber is urging Switzerland's policymakers to keep an open mind on digital currencies. What is the Swiss National Bank undertaking</b> …

Sweden

Home Credit India raises Rs 153 cr through consumer durable loan securitisation transaction

Gurugram based Home Credit India Finance Pvt Ltd., part of Home Credit Group, has raised Rs 153 crore in a first-ever securitisation transaction of …

India

DBS overtakes Singtel as Southeast Asia's most valuable company

Reaping the rewards of going big on tech, DBS Group Holdings Ltd. has pushed past Singapore Telecommunications Ltd. to become Southeast Asia’s …

South-east Asia

An Overdone Payday Mayday - Bloomberg Gadfly

Stop panicking about China's online lenders. The real target of the crackdown is rogue local governments.<p>An item on licenses published late Wednesday …

Business

Top Regulators Discuss More Tightening Over Microlenders

Chinese regulators are taking more steps to boost oversight of the booming microlending industry, following a freeze in new licenses rolled out …

News (China)

Italian banks face long road to modernise

Bailed-out Monte dei Paschi, the world's oldest bank and a bastion of tradition dating back to 1472, has entered the realms of virtual reality. It's …

Banking

Kenya:City Man Loses 7-Year Battle With Equity Bank Over M-Kesho Ownership

[Nairobi News] A man claiming to have invented the concept of saving money on a mobile phone before the idea was allegedly stolen by Equity Bank has …

Banking

IBM Ireland's Fergal O'Sullivan on fintechs harnessing new technologies

IBM Ireland’s Fergus O’Sullivan on how technological developments allow fintechs to flourish.<p>Since taking up the role of head of IBM Ireland’s cloud …

5 Of The Sectors Blockchain Is Currently Disrupting

It's so much more than the bitcoin.<p>Blockchain has been everywhere lately - and it's so much more than a few bitcoins.<p>It seems that everywhere you turn in the tech industry, someone is talking about the promise of blockchain technology and how it's going to change the world. Well, I'm here to tell …

Bitcoin

Why Bitcoin Is the MySpace of Cryptocurrencies, But the Blockchain Is Here to Stay

Why blockchain, not bitcoin, is the real treasure of cryptocurrency.<p>Cryptocurrencies came onto the scene about a decade ago and have continued to redefine the way we perceive and handle financial transactions.<p>However, the real hero of this heralding was not the cryptocurrency but the underlying …

Bitcoin

Hike joins hands with Airtel Payment Bank to boost its digital payment infrastructure

To stay ahead of its rival Whatsapp, homegrown instant messaging app Hike has now partnered with Airtel Payment Bank to power its wallet and expand …

Airtel

Standard Chartered, Axis Launch Payments Service With Ripple Tech

Financial institutions Standard Chartered and Axis Bank have announced a new cross-border payments platform built on top of technology developed by …

The City

Dining goes digital for Thailand's street food vendors

BANGKOK (Reuters) - Bangkok's famous street-food vendors have joined the digital revolution, embracing payment via Quick Response (QR) barcodes that can be read using smartphones.<p>Thailand is famous for its traditional street stalls that offer everything from stir-fried noodles to clothes and for …

Thailand

Big Banks Are Taking Aim at PayPal's Venmo

A new peer-to-peer payment app backed by major banks is already bigger than Venmo.<p><b>PayPal Holdings</b> (NASDAQ:PYPL) has been a huge winner in the growth …

Banking