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News for BFSI

Monday, February 06, 2017
DFM Alliance Announced
Five discretionary fund managers (DFM’s) have launched an alliance to educate advisers about risks and realities of outsourcing.
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Friday, February 03, 2017
Fintech Acquisiton Demonstrates Changing Industry
SoFi, the biggest online lender in the US, has taken a big step in its attempt to build a retail banking empire by buying Zenbanx, another “fintech” challenger that offers bank accounts, money transfers and debit cards.
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New Zealand Lenders Face Sourcing Restriction
New Zealand’s lenders say they will have to fork out as much as $870 million to meet the Reserve Bank’s new plans for what services can be outsourced.
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Tuesday, January 31, 2017
Bank Fined for Mirror Trades
Bad news for Deutsche Bank as UK and US regulators impose a fine of £504 million in connection with a Russian money laundering plan.
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Monday, December 19, 2016
Intelligence Agencies need to work together on Cyber-Crime
Britain's intelligence agencies need to do more to help regulators protect the financial services industry from cyber-crime, the head of an influential parliamentary committee said on Monday according to Reuters.
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Monday, November 21, 2016
Mobile Payments Surge in India on Cash Clampdown
It is amazing how the digital world can help people adapt in new ways to problems that arise. The removal of large banknotes (500 and 1000 rupee notes) from circulation by the government to clamp down on the black market has caused disruption to the circulation of money in the country.
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Wednesday, November 16, 2016
Tieto Develops Finland’s First Real-Time Mobile Payment Platform For Automatia
Automatia announced the launch of Finland’s first real-time multi-banking platform for mobile payments, named Siirto. Tieto has designed and implemented the service.
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Monday, November 14, 2016
JP Morgan Chase confirm BPO future
The Inqierer.net is reporting that American Bank J.P Morgan has reaffirmed its commitment to outsourcing business process to the Philippines.
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Tuesday, November 08, 2016
Tesco Bank Blames ‘Systematic Sophisticated Attack’
Yesterday, Tesco Bank froze over 20,000 accounts after suspicious activity was reported including money being taken from accounts.
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Monday, November 07, 2016
Emerging Markets See Boom in Mobile Banking
A new study from Juniper Research has found that the total transaction value of Mobile Financial Services in emerging markets will approach $500 billion in 2021, up from an estimated $198 billion this year.
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