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Search Results for "Finance and Banking News"

226 Results found for "Finance and Banking News"

Finance and Banking
Published:

8 September 2014

News Category:

Market

Industry analysts expect that by October 2015, when responsibility for card losses on magnetic stripe cards shifts to merchants, approximately 70% of the US cards in use will have EMV chips, leavin...

The payments system in the United States has undergone rapid evolution since 2003, when the US Congress passed the Check Clearing for the 21st Century Act. This Act facilitated the development of w...

The Central Bank of the Republic of China (Taiwan) has held policy rate since Q3 2011. Muted domestic and imported inflationary pressures mean the CBC focused more on steadying growth amidst an unc...

It seems that European consumers are warming to contactless payments, according to Mastercard. The payments company reported recently that the number of transactions made on its contactless cards t...

Just a few years ago, almost all lending activity in China was carried out by state owned and tightly regulated conventional banks. Now, credit is available from a range of alternative providers in...

Finance and Banking
Published:

22 August 2014

News Category:

Market

Financial access in Latin American countries remains at similar levels to those in Central Asia, South Asia and Eastern Europe, but lower than East Asia and the developed economies.According...

With the enactment of the Payment and Settlement Systems 2007 Act, the Reserve Bank of India permitted non-bank entities a formal entry into payment systems. This was an important milestone in the ...

Yet another banking scandal has erupted in Vietnam. In a report released last month, the state auditor had discovered that two-thirds of Vietnam's commercial banks exceeded the 3% "bad debt&qu...

There are a number of e-money products available in Canada. One such product is the multi-purpose prepaid card. Although such cards are offered by all three of the major credit card brands, only a ...

Over the course of last 12 months Mexico has enacted significant policy changes in the area of financial regulation. These reforms were carried out as part of the broad Pact for Mexico initiated by...

Following the recent financial crisis, consumers continue to express a decreasing appetite to accumulate debt. This is expected to continue in the short term and therefore discourage consumers from...

The way in which Danes pay for their goods and services has seen radical transformation over the last two decades. The amount of cheques used in the retail trade has decreased to virtually negligib...

The Finnish life insurance industry continues to perform well in relation to its economic neighbours. In 2013, insurance premiums written in Finland rose by 9% to over €22 billion. At the same time...

Recent economic activity contracted sharply in the Central African Republic due to conflict. Ongoing insecurity remains a going concern. The country is currently embroiled in fighting, which is fue...

Mobile commerce (M-commerce) is an important part of the electronic financial services sector. Mobile acceptance is surging and a shift in the mobile payment profile is correlated with significant ...

Bitcoin is a paradox wrapped in an enigma. It continues to be surrounded by uncertainty and confusion, caused mainly by the currency's technical complexity, volatility, a lack of a clear regulatory...

Finance and Banking
Published:

16 July 2014

News Category:

Market

In 2013, net lending in Hungary totalled 6.5% of GDP. The improvement in external balance came as a result of a number of factors, not least a slight decline in the income balance deficit and the i...

Just a few days after Bank of International Settlements issued its 84th annual report slamming "market euphoria" and expressing its "sense of a puzzling disconnect between the market...

As banks in advanced economies shed assets and risks, cross-border capital flows into Africa have increased. These capital flows have been driven by the continent's improved macroeconomic performan...

One of the key regulatory drivers for market activity in Indonesia has been the authorisation of the Indonesian Financial Services Authority (FSA) to regulate and supervise financial sectors. This ...

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