cityam

Banking Unicorn N26 Rapped by German Regulator in Money Laundering Probe

Digital banking startup N26 has been ordered by the German banking regulator to step up its anti-money laundering policies, after a probe found the fintech firm was deficient in several areas.

Read More

Financial Institutions Beware – Big Tech Is Moving Into Banking

Despite Brexit uncertainties and stock market collapses, British banks concluded their 2018 earnings season with improved performance. Profitability increased thanks to cost drives, while balance sheets strengthened through derisking assets. Banks’ ability to grow revenue, however, remains a perennial challenge.

Read More

How Does Progress in the Payments Industry Affect Our Payment Decisions?

The global payments industry is dramatically improving due to technology. Mobile has changed everything. Payments are getting faster and smarter. Competition is intense. And payments are revolutionsing markets in the developing world even faster than in the developed world.

Read More

U.K. Banks to Be Subjected to ‘Cyber Stress Tests’ to Gauge Attack Preparedness

Financial services companies will be subject to cyber stress tests to establish if they could recover in the event of a major breach, the Bank of England said today. The bank is establishing new standards for how long a bank’s ability to deliver key services such as providing payments and insuring against and dispersing risk […]

Read More