Tag: Banking

Gig Economy Banking Is Booming (And Banks Are Missing The Boat)

OBSERVATIONS FROM THE FINTECH SNARK TANK Established banks are finally waking up to the opportunity to bank the gig economy. No wait, that’s not true. They’re not waking up to it–they’re getting hit upside the head with it. Recent articles on the topic include: Fixing the Banking and Payment Needs of the Gig Economy. According to

The roadmap for real banking reforms

Bengaluru: The announcement of the merger of ten banks into four large banks has been touted over the past three weeks as a banking sector reform, based on the recommendations of the Narasimham Committee report (1991). The Narasimham Committee recommendations were forward looking and are still relevant. But if we examine the recommendations to see which

PSB merger ‘a hidden agenda to deprive Bengal’s banking sector’

West Bengal Chief Minister urges PM to do a re-think on the proposed merger of two Kolkata banks with PNB and Indian Bank Taking exception to the Centre’s big-bang public sector bank merger plan, West Bengal Chief Minister Mamata Banerjee has written to Prime Minister Narendra Modi, seeking a re-think of the proposed merger of

Israeli Cryptocurrency Traders Locked Out of Banking System: Report

After being unable to deposit profits, Israeli cryptocurrency traders are looking for answers from banks and regulators. Still unfamiliar with the technology, some $86 million in unpaid taxes on cryptocurrency trade earnings have piled up as banks refuse to touch deposits writes Israeli media Haaretz. “The tax authority is aware of the problem, but they say

Don’t Wall Off Innovative Tech Firms from Banking

Washington politicians may disagree on what to do at the U.S. border, but when it comes to technology firms entering banking, it seems many from both parties want to build a wall. Ironically, this virtual barrier would primarily keep out not foreign financial firms, but American non-bank innovators with new financial products that could greatly

Banking on breast milk

On 4 April, Shilpa Bharadwaj was admitted to a government hospital in Sanagneri Gate, Jaipur, as soon as she experienced the first twinge of labour pain. Later that day, she delivered a healthy boy. Twelve hours later, she died of complications. Her family, wracked with grief, had to turn its attention to the more pressing

Grasshopper’s Judith Erwin leaps into innovation banking

In the years following the financial crisis, de novo bank activity in the US slowed to a trickle. But as memories fade, the economy expands and the potential of tech-powered financial services marches forward, entrepreneurs have once again been asking the question, “Should I start a bank?” And by bank, I’m not referring to a neobank, which sits

Colt And SIA Win Ten-Year ECB Banking Settlement Networking Deal

European Central Bank deal will help cut financial settlement costs across the European banking sector, promise the two partners. Banking IT provider SIA and Colt Technology Services have won a tender from the European Central Bank to supply connectivity services allowing banks to connect directly to Eurosystem market infrastructures through a single access interface (the