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A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza

Promsvyazbank, better known as PSB, is the latest post-Soviet lender to get taken over by the Central Bank of Russia (CBR), and now faces shareholder suits in London and Moscow. PSB is one of the 10 largest banks in Russia, as they still describe themselves on their website. PSB was delisted from the Moscow Stock … Continue reading A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza

Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria

Over the past 12 months, the banking industry has become increasingly excited about AI. Virtually every leading consultancy has published research on the impact AI will have on the sector and investment continues to pour into developing innovative solutions. But, alongside all the buzz comes the inevitable concern that the implementation of this technology will … Continue reading Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria

HSBC Completes First Trade-Finance Deal Using Blockchain

Just a few hours after German online bank Bitbond announced it now allows users to transfer loan anywhere in the world using bitcoin and other cryptos , a move which we said would result in a rapid adoption of blockchain technologies within the bank-disintermediation space, the FT reported that in a somewhat parallel transaction, UK-based … Continue reading HSBC Completes First Trade-Finance Deal Using Blockchain

3 Best Cash Back Credit Cards in Singapore

(Source: sg.finance.yahoo.com) Money doesn’t grow on trees, but with the number of cashback credit cards in Singapore, it sure feels like it. Instead of the reward points system that many cards offer, cashback credit cards give you a cash rebate. Cash rebates work much better than rewards points because they usually don’t expire, and you […] … Continue reading 3 Best Cash Back Credit Cards in Singapore

China’s Kunlun completes full buyout of Grindr

Nearly two years to the day of its majority investment in Grindr, China-based tech firm Kunlun Group has fully acquired the gay dating app. Grindr is among the, if not the, world’s most popular LBQT dating app with a claimed 3.3 million daily users. Kunlun, which is best known for games but is part of… via … Continue reading China’s Kunlun completes full buyout of Grindr

10 Big Ideas for Banking in 2018 | Financial Services Marketing

How new developments on many fronts are going to affect the banking business in the coming year and beyond — and what bankers can do to prepare. Source: 10 Big Ideas for Banking in 2018 | Financial Services Marketing

What SoftBank really wants

(Source: techcrunch.com) Some in Silicon Valley aren’t quite sure what to make of SoftBank and its massive, roughly $100 billion Vision Fund. At times, they say privately, it looks like a drunken gunslinger, firing off massive checks in quick succession. But sources close to SoftBank say there is a method to its madness. In fact, […] … Continue reading What SoftBank really wants

UK’s Tide raises $14M to challenge big banks with a mobile-first service for SMBs

Europe has seen a large wave of startup banks pop up in the last few years — businesses like N26, Atom and Monzo that are taking on the big incumbents by creating faster and cheaper services for a new class of consumers as they grow up and enter the working world. Now a startup has… via … Continue reading UK’s Tide raises $14M to challenge big banks with a mobile-first service for SMBs

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