Sections
International Banking
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InternationalBanks Steer Clear Of X-Border Transfers
Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift...
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InternationalPeople’s Bank Of China Plans To Manage Money Supply Growth
To head off financial risks, the People’s Bank of China (PBOC) plans to manage growth of the money supply. Its remarks could...
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InternationalWeLab Eyes Services In China Beyond Lending
In any new technology arena, companies are born, they rise, they fall, sometimes with breathtaking speed. Regulations take shape, usually quite a bit...
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RegulationChina Gives Nod To Wholly Owned Foreign Banks
Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules...
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Data DiveData Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws
L.A. fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the...
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B2B PaymentsThe SWIFT Debate, In Europe And Beyond
There may be no swift end to this SWIFT debate. Germany’s foreign minister, Heiko Maas, said late this month that there should...
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Global PaymentsSWIFT Debate Shows Politics, Payments Make Strange Bedfellows
The headlines all play on the name “SWIFT” in some form or another: “Germany Wants A Swift End To SWIFT,” or “Some...
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BusinessGot $9M? Then You Can Get A Bank
Got $9 million? You can buy a nice house on expansive grounds, and maybe a fancy car, or three. Or … you could...
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Global PaymentsWorldnet Brings ‘Quickchip’ To POS; Lurraldebus Rolls Out Mobile Tickets
Welcome to The Axis, your late look at payments news from around the world. Coverage includes a mobile wallet pilot by Banco Agrario,...
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InternationalSantander Creates Digital Investment Unit
Banco Santander, the Spanish bank, has created a digital investment unit that will be headed by John Whelan, who is currently in...
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B2B PaymentsChina Clears Deutsche Bank To Underwrite Corporate Bonds
Deutsche Bank secured approval to underwrite corporate bonds in China as the market continues to open up to foreign investors and financial...
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BusinessRevolut Now Has 1M Customers In The UK
Revolut, the U.K. FinTech, announced Wednesday (July 4) it signed up one million customers in the U.K. and saved them over $330...
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BlockchainSantander, Ripple Use Blockchain To Settle Global Payments
Beyond bitcoin and the buzz around blockchain, payments that wind their way across borders might get a boost from Santander and Ripple....
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BankingBBVA-Funded Denizen Becomes World’s First Global Banking Account
Denizen has announced the first true global, borderless account that allows customers to receive money in one country and pay it out...
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InternationalChina Drafts Measures To Ease Foreign-Bank Entry
China’s banking regulator has issued a draft measure to amend licensing and oversight of the banking activities of foreign-backed financial companies, according...
