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Covering all aspects of financial services in Asia from banking in China to algo trading in Japan.
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Rolf Van Der Pol MD at i-KYC
A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programs of their organizations, according to a new report (#mce_temp_url#) That’s an interesting finding since compliance officers are ultimately responsible for compliance of the whole organization in their role as MLRO. The pace an...
21 March 2017 /regulation
Monica Jasuja Head of Digital Payments at MasterCard India
As the noise around the Union Budget 2017 has considerably reduced and state elections in India have occupied our minds, its time to do a policy changes in the budget that impact Digital Payments in India and conclude on the analysis of Decoding Union Budget 2017's Impact on Digital Payments in India Previously, I had segregated the analysis into ...
18 February 2017 /payments
As Finance Minister Shri Arun Jaitley stepped into Parliament on February 1st 2017, the weight of an entire nation and the world rested on his able shoulders as he unveiled India’s first budget post Demonetisation. Demonetisation, as a measure in itself has received worldwide coverage owing to the enormity of the move and the ramifications. Everyo...
05 February 2017 /payments
Kunal Patel Product Manager at 1E
There doesn’t seem to be a day that goes by without someone talking about Blockchain, I’ve read countless articles, read plenty of whitepapers produced from the likes of consulting firms, banks and technology solution providers. I believe there are compelling use cases for Blockchain technology in financial services. That being said though, only ti...
12 August 2016
Michael Carter CEO at BizEquity
With their loan books growing at an estimated 175 per cent per year, online lenders are changing the face of the global banking industry at an unprecedented pace. One recent survey found that three-quarters of credit analysts consider alternative lenders to be a great threat to banks. These concerns appear to be well grounded: research by McKinsey...
26 April 2016 /retail
Retired Member
“Whatever services we give, ultimately it has to be a win-win situation…. We just want a commercially viable model, I cannot afford to lose month after month,” State Bank of India (SBI) Chairperson Arundhati Bhattacharya told PTI in an interview. SBI Chairperson added, she is ready to invest in more ATMs as long as she can explain how she is going...
30 January 2014 /retail
I was reading this article a few days ago, that Central Bank of India wants 800 new bank branches in rural India. A recent survey of rural India has shown that there are only 36 branches for every million (10 Lakh) people, compared with over 100 branches in urban areas. All banks prefer to have branches in urban areas rather than in the rural or...
15 January 2014 /retail
The Shanghai Stock Exchange has been in the doldrums for the past couple of years and was the worst performing Asian exchange of 2013. Dismal performance and increasing questions about the transparency and 'fairness' of the mainland's largest market, have virtually erased the optimism that drove the market to record setting heights in the early 20...
10 January 2014
Over the past week, Robocoin Technologies announced they were expanding their Bitcoin ATM offering into Asia with planned ATM installs in Taiwan and Hong Kong. If you're not familiar with the Bitcoin ATM offering from Robocoin, it is one of the first Bitcoin ATM/Kiosks in the world and is 'cash-only' insofar that it is not connected into a bank net...
09 January 2014
Bitcoin acceptance in China has now extended into real estate with a residential developer in Zhangjiang Hi-Tech park in Shanghai finding a new way to promote sales through the acceptance of Bitcoin virtual currency. Shanda Group, one of the large IT giants in China, through its real estate development arm, opened sales of its first real estate inv...
08 November 2013
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