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Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'

CFO News

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.

Banking 52
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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

PYMNTS

bal , the country's central chief banker, said as much in a statement to members of parliament Friday (Dec. While there are no immediate plans, the Bank of Japan (BOJ) will launch a feasibility study on the idea next spring. Turkey is planning on piloting its own CBDC in the second half of 2021, according to a report from CoinDesk.

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Amazon Effect Eyes Grocery Aisles In Germany?

PYMNTS

According to Reuters, bankers remained skeptical of that scenario, and said that private equity firms would be the most likely suitors. And a $1 billion price tag? News came Friday (Sept. A possible deal for Amazon – one worth $1.2 Not a huge stretch for Amazon, which has about $22 billion of cash in its coffers.

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Why Virtual Assistants Need Context To Be Smart Digital Bankers

PYMNTS

In the melding of tech and banking services, the goal is an ambitious one: to create a private banker in digital form — a chatting, knowledgeable persona that interacts with the consumer, using twin high-tech engines of machine learning (ML) and artificial intelligence (AI). It’s all about context.

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Grappling With FinTech, Banks May Reconsider Build Vs. Buy

PYMNTS

More than that, there seems to be the mindset that banking and FinTech relationships will be collaborative ones, with 46 percent of bankers stating that is the strategy they envision and 44 percent touting an investment strategy. The affordability goes beyond the price tag. That last number is a headscratcher.

Banking 41
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The Dollars And Cents Of SME Finance

PYMNTS

The latest research puts a price tag on the finances of better procurement, banking, cash management and innovation among small and medium-sized businesses. The message is clear: Automated, digital FinTech solutions can help businesses and financial service providers save money. 139 billion could be saved by U.K.

Finance 40
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#181 – Treasury Review of 2021

Strategic Treasurer

That’s a both interesting point of concerning point, a point and requiring action both by bankers to help their smaller firms adjust to this change, but also for anybody involved in the payment process–IT and treasury. So, I think there is some movement people listening to their bankers in this regard, and that needs to continue.