The one task in banking the robots can’t take

London: When HSBC Holdings Plc thwarted a $500 million important-bank heist, state-of-the-art computer software program didn’t raise the alarm. The finances flowed undetected from Angola’s reserves to a dormant organization’s account in London. It turned into a teller at a suburban financial institution branch who have become suspicious, declined a request to transfer $2 million, […]

Lyft hopes free banking and reasonably-priced upkeep will entice drivers far from Uber

Lyft has introduced free banking and deeply discounted repair services for drivers, possibly in an attempt to persuade the great of them to pick its organization over Uber’s. The ride-hailing service has formally launched Lyft Driver Services, and it consists of getting entry to unfastened bank bills and debits playing cards called Lyft Direct. Drivers […]

Crypto-Stealing Gustuff Trojan Unmasks Alarming Banking Vulnerabilities

The darknet has a brand new soldier in the form Gustuff, a brand new Android trojan that has centered over one hundred twenty five cryptocurrency and banking apps. Gustuff has been in existence due to the fact that April 2018 and stands with Anubis, Red Alert, and BankBot as one of the deadliest threats to […]

Digital banking poses assignment to stability of small lenders – record

Digital banking has positioned smaller lenders susceptible to a run on their deposits that could unfold across the financial system, regardless of changes intended to avoid further UK bailouts, a central authority report has warned. The alert become covered in an inquiry commissioned by means of the Treasury into how UK watchdogs – the Bank […]

ICICI Bank launches two immediate home mortgage facilities

The bank is on route of touching a mortgage portfolio of ₹2 lakh cr through March 2020, says a top reliable. Private quarter lender ICICI Bank on Thursday announced the launch of two instantaneous domestic mortgage centers, one in all which might permit immediate and paperless domestic loan approval of as much as ₹1 crore. […]

SC refuses to stay merger of Vijaya, Dena banks with Bank of Baroda

NEW DELHI: Clearing decks for the scheduled merger of three public quarter lenders — Vijaya Bank, Dena Bank and Bank of Baroda — the Supreme Court on Thursday refused to live the amalgamation. The pinnacle courtroom disregarded the packages filed with the aid of numerous financial institution officers’ institutions for staying the merger, effective 1 […]

There is fee in most banking stocks; we choose corporate banks: Kotak Securities

The smash-out above the preceding peaks could be a feature of NDA authorities coming lower back to strength. If the modern-day NDA formation comes again to energy then we may want to see a broader bull run with new highs being crossed in this calendar yr, Rusmik Oza- Head of Fundamental Research, Kotak Securities stated […]

Five PSU creditors get capital infusion of Rs 21,428 crore from government

Five nation-owned banks, such as PNB, Bank of BarodaNSE 0.04 % and Union Bank, Thursday acquired shareholders’ acclaim for capital infusion to the song of Rs 21,428 crore instead of preferential allotment of stocks to the authorities. This capital infusion is for the current monetary ending on March 31, 2019. Punjab National BankNSE 0.42 % […]

Digital banking emerged in response to expectations of millennials, says Gandhi

Mumbai: The emergence of virtual banking as we see these days is a reaction to the expectancies of millennials who circulate effects between commercial enterprise and delight and feature quick interest spans, said former Reserve Bank of India (RBI) deputy governor R. Gandhi on the twelfth Mint Annual Banking Conclave. “Instant gratification, blending business and […]