Mumbai: India moved closer to a cashless future on Thursday with four banks introducing unified payments interface-based (UPI-based) apps that will make it possible for customers to make everyday payments with just a few taps on their smartphones. Axis Bank Ltd, Union Bank of India, Federal Bank Ltd and Bank ... Read More »
The steel industry has outstanding loans of around Rs three lakh crore in various banks, thus making the sector one of the largest contributors to non-performing assets (NPA) in the country. Steel Minister Birender Singh said in Lok Sabha that efforts are on by banks and Reserve Bank of India to ... Read More »
France’s central bank said on Friday a stress test carried out by European Banking Authority (EBA), confirmed the resilience of the six French banking groups that were tested. Banque de France said the stress test showed that the banks, representing 90 percent of assets in the banking system, were solid ... Read More »
Deutsche Bank (DBKGn.DE) showed a weaker reading in the European Union’s banking stress test than most of its peers, indicating that the lender still has far to go in a revamp it launched last year. In a theoretical economic and financial shock, the capital level of Germany’s flagship lender would ... Read More »
Technology Company of America, Symantec, found the malware app Android.Fakebank.B in Oct. 2013. This app replaces the banking apps on the device of a user with fake versions, thus helping a hacker in tracking and accessing the bank details of a victim and then in conducting the fraudulent transactions. Techtimes.com ... Read More »
A British Google engineer, whose speech recognition software is used in more than a billion Android smartphones, has launched a company that uses blockchain technology to build a better operating system for banks. Paul Taylor from Cambridge University started working on the system, called Vault OS, two years ago. His ... Read More »
