Browsing Tag

Banks

20 posts
Why Nigerian banks partner with fintech firms to develop new crypto thumbnail

Why Nigerian banks partner with fintech firms to develop new crypto

The Central Bank of Nigeria (CBN) has developed a guideline for cryptocurrency trading by Nigerian banksThe development comes as a consortium of Nigerian banks and fintech firms partner to develop a new stablecoinThe new stablecoin, cNGN, is backed by the Nigerian currency and designed to benefit token holders.Pascal Oparada has over a decade of experience
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Canadian banks see dip in 30 year-plus mortgages, but risks remain thumbnail

Canadian banks see dip in 30 year-plus mortgages, but risks remain

© Reuters. FILE PHOTO: The moon rises over the Toronto city skyline as seen from Milton, Ontario, Canada, January 23, 2016. REUTERS/Mark Blinch By Nivedita Balu TORONTO (Reuters) - After a sharp rise in mortgage repayment terms over the past few quarters, Canadian banks' home loans past 30 years have edged lower in the latest
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Banks in Singapore to start charging customers by November for issuing Singdollar cheques thumbnail

Banks in Singapore to start charging customers by November for issuing Singdollar cheques

SINGAPORE: Banks in Singapore will start charging customers for issuing Singapore dollar-denominated cheques, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced on Friday (Jul 28). At least seven banks – DBS, UOB, OCBC, Citibank, HSBC, Maybank and Standard Chartered – will start imposing fees on cheque issuers, both corporates and
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India’s RBI Urge Banks To Brace For Blockchain, AI Acceleration thumbnail

India’s RBI Urge Banks To Brace For Blockchain, AI Acceleration

You are here: Home/ News/ World/ India’s RBI Urge Banks To Brace For Blockchain, AI AccelerationIndia’s central bank, the Reserve Bank of India [RBI] has urged banks to concentrate on Blockchain and AI to be future-ready at a recently organized conference.The deputy governor of the RBI, Mahesh Kumar Jain, spoke about risk management techniques for
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How Banks Can Finally Get Risk Management Right thumbnail

How Banks Can Finally Get Risk Management Right

Banks have three lines of defense for managing risk — and then regulators are the fourth line of defense. In the case of Silicon Valley Bank, all four failed. If banks want to manage risk better, one good place to start is making sure a Chief Risk Officer is in place and a board-level risk
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Banks still making huge profits, but have likely peaked thumbnail

Banks still making huge profits, but have likely peaked

Navigation for News Categories ANZ remained the biggest bank with more than $193b in assets, with BNZ second, followed by ASB and Westpac. Photo: RNZ Bank profits are holding at near-record levels, but may be showing the first signs of a slowing economy. Collective profits for the sector were $1.77 billion for the three months
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Russian Banks Are Evading Sanctions Through Huobi And KuCoin thumbnail

Russian Banks Are Evading Sanctions Through Huobi And KuCoin

Huobi and KuCoin are reportedly processing transactions tied to sanctioned Russian banks. Customers are able to trade on the crypto exchanges using debit issued by the sanctioned banks. Tether is reportedly used by both exchanges to cater to the crypto needs of sanctioned Russian banks. Russian nationals are also using Binance to convert local currency into crypto without
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How are traditional Banks making use of the Metaverse? thumbnail

How are traditional Banks making use of the Metaverse?

The concept of Crypto and the Metaverse is that it is decentralized and lacks much in the form of an overseer that controls what is happening. With that, when discussing ‘Defi’ or Decentralized Finance you would not have traditional banks in the same discussion. As the use for Crypto and Web3 has broadened, it has
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