Banking Retail

Wednesday, 08 December 2021

Latest News for: Banking retail

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Visa doubles down on crypto opportunity, launches crypto advisory services for banks, retailers, others

Financial Express 08 Dec 2021

In August this year, Visa had also entered into the fast-growing space of non-fungible tokens (NFTs). The company had paid $150,000 in Ethereum for a�CryptoPunk�NFT ... .

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RBI governor says cyber fraud a concern for central bank digital currency

Live Mint 08 Dec 2021

On Wednesday, RBI deputy governor T Rabi Sankar said that the central bank has already made significant progress on the wholesale component of the CBDC, while the retail component will take longer ... RBI, he had said, was examining whether CBDCs should be used in retail payments or ...

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ACLEDA Bank Chooses Diebold Nixdorf to Enhance Self-Service Banking Experience

Victoria Advocate 08 Dec 2021

DBD), a global leader in driving connected commerce for the financial and retail industries, announced today that ACLEDA Bank Plc., a leading retail bank based in Cambodia, has selected its comprehensive solution of DN SeriesTM� ATMs, software and professional services to provide customers with new self-service capabilities at each of its branches.

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Pandemic accelerated retail banking innovation, says report

Business Line 08 Dec 2021

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and the European Financial Management & Marketing Association (EFMA), today unveiled the 13th edition of the annual ‘Innovation in Retail Banking’ report, authored by Jim Marous, publisher of the Digital Banking Report and co-publisher of The Financial Brand.

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Now you can invest up to Rs 5 lakh in IPO and government bonds through UPI

DNA India 08 Dec 2021

In what comes as good news for retail investors, the Reserve Bank (RBI) has taken an important step to increase the participation of retail customers in the financial markets ... During the monetary policy review on Wednesday, RBI Governor Shaktikanta Das said that this step has been taken to encourage the use of UPI by retail investors.

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Citi picks preferred bidders for over $3-B asset sales

Manila Bulletin 08 Dec 2021

lender picked Bank of Ayudhya Pcl as the leading suitor to buy its retail assets in Thailand, the people said, asking not to be identified because the matter is private. The bank, which is owned by Japan’s Mitsubishi UFJ Financial Group Inc., will continue to negotiate the terms of a potential deal in the coming weeks, they said.

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SmartBank expands team with focus on Williamson County

Williamson Herald 08 Dec 2021

Before joining SmartBank, he was senior vice president and commercial relationship manager at Reliant Bank and has held leadership roles in strategic marketing, retail automotive financing and business development with regional and national organizations such as First Citizens National Bank and AmSouth Bancorp.

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Price pressures may persist in the immediate term: RBI Governor

Business Line 08 Dec 2021

RBI has revised the third quarter retail inflation forecast upwards to 5.1 per cent from 4.5 per cent earlier. The central bank, however, lowered fourth quarter retail inflation projection a tad to 5.7 per cent from 5.8 per cent earlier. Overall, RBI has retained its FY22 retail inflation projection at 5.3 per cent.

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RBI’s Das gives a hat tip to Modi govt for fight to tame inflation

The Times of India 08 Dec 2021

The Reserve Bank of India ... Surprisingly, despite acknowledging that persistently high core inflation — that is retail inflation stripped of fuel and food prices — was an area of monetary policy concern, the central bank projected benign inflationary conditions for the economy.

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Visa debuts crypto consultancy for retailers and banks

Cryptopolitan 08 Dec 2021

... institutions and retailers navigate through cryptocurrency ... Through its expertise, Visa will assist financial institutions, retailers, and central banks to roll out cryptocurrency offerings, including non-fungible token (NFT) projects and central bank digital currency (CBDC).

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Visa launches crypto advisory service for financial institutions, merchants

Gulf Daily News 08 Dec 2021

The move by Visa comes against the backdrop of unprecedented investor demand for crypto services and the company's latest offering is geared towards financial institutions eager to attract or retain customers with a crypto offering, retailers looking to delve into non-fungible tokens (NFTs), or central banks exploring digital currencies.

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RBI to soon float paper on reasonableness of charges on transactions via digital payments

India TV 08 Dec 2021

The Reserve Bank has been making efforts to facilitate greater participation of retail customers in financial markets -- investment in the G-secs segment through the recent launch of Retail Direct Scheme, where UPI, in addition to other options such as internet banking, can be ...

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FX, stocks gain as Omicron fears ease; Polish, Brazil c.banks in focus

Reuters 08 Dec 2021

Polish central bank seen hiking rates by at least 50 bpsRand steadies ahead of retail sales dataReserve Bank of India leaves rates unchangedChinese property market default fears intensify ... central bank rate hike ... Wednesday was also marked by several EM central bank meetings.

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What caused the Amazon web services outage and what does it mean?

The Daily Telegraph 08 Dec 2021

Amazon's Ring security cameras, mobile banking app Chime and robot vacuum cleaner maker iRobot also reported issues on their social media pages ... RobinHood said some customers could not transfer money or link their bank accounts ... Retail and Consumer industry, Amazon ... Retail and Consumer industry, Amazon.

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Canara Bank inks an MoU with Toyota Kirloskar Motor to offer attractive finance schemes

IIFL 08 Dec 2021

Under Retail Banking, Canara Bank offers wide range of Retail Loan Products for customers i.e. Housing Loan, Vehicle Loan, Personal Loan, Education Loan etc ... .