Remove Banking 2020 Remove National Remove Regulation
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Central banks, big and small

BankUnderground

Benjamin Kingsmore Central banks do a lot of things: they implement monetary policy, regulate financial institutions, manage payment systems and analyse economic developments. And to make all this happen in practice, armies of unseen officials do the necessary implementing, regulating, managing and analysing.

System 109
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Varo Money gets new backers as it nears completion of its bank charter

American Banker

The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.

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Too Big to Bail Out?

Banking 2020

regulators have already put in place similar strictures for the eight largest (you might say systemically important) banks. regulations don’t go into effect until 2018, and the new FSB proposal is essentially the start of a lengthy debate. More to the point, U.S. Even the U.S.

System 70
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Asia Pacific set to drive mobile payments growth

Banking 2020

As emerging nations come online for the first time, smartphones will be the device of choice for many new internet banking users. However, IDC observed that the mobile payment trends seen will not be consistent throughout the region, with more developed economies moving in a different direction to emerging nations.

Mobile 40
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M-Pesa open API part of wider payments progress

Banking 2020

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.

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China and India lead global cashless growth

Banking 2020

Many nations around the world, both developed and emerging, have enjoyed strong growth in non-cash payments in the past few years, with Germany, the UK, Belgium and France all contributing to an increase of 5.1 Developing nations set to close the gap. It found that on a global level, non-cash payments are expected to increase by 8.9

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Expanding the Banking Talent Pool

Banking 2020

There must be a marriage of financial content and experience with the new thinking and agility that will create of what banking will be in the future. The cynics will argue that this new hiring method won’t work for regulated financial services, or that people would rather go to a technology firm than a bank.