Italy’s Largest Bank Announces 14,000 Job Cuts To Stay Afloat
The banking sector is under severe pressure from all sides, and coming up with the necessary solutions proves to be challenging. To make matters worse for Italy’s largest bank, …
Category: Finance
Top 5 Fintech Trends That are Shaping the Future of Our Society
In the fintech industry, startups and entrepreneurs are working hard to bring products and services of the future to the masses today. Doing so will still require some time …
Tesco Bank May Have Facilitated Their Own Heist By Using Sequential Debit Card Numbers
A few weeks ago, news broke about Tesco Bank falling victim to a massive fraud attack. As it turns out, the institution brought this upon themselves, as they issued …
Bitcoin Can Benefit From Indian Government’s Digital Payment Push
The Indian government has finally acknowledged that something needs to change before the financial situation gets really out of hand in the Country. Their current plan involves offering subsidies …
Bitcoin is The Prime Candidate To Fill India’s Digital Payment Power Vacuum
It is evident that the financial situation in India is getting out of hand rather quickly. Financial inclusions should be the top priority for the local government, yet all …
Cryptocurrency Trading Firm Polychain Capital Secures $10 Million in VC Funding
One of the first Coinbase employees, Olaf Carlson-Wee, founder of a trading firm specializing in digital assets, has managed to secure $10m from investment firms A16z (Andreessen Horowitz), Boost …
Renowned Financial Expert Predicts Yuan To Drop 30% In Value Soon
Depending on whom one poses the question to, fiat currencies will either grow stronger or gain in value once again. For the Chinese Yuan, it appears that the first …
Several Dozen Suspects Arrested Amid Bank of Russia Cyberheist Investigation
A few months ago, news broke about the Russian Central Bank suffering from a hack attack. At the time, it was unclear who was behind the attack, or how it …
BNY Mellon Corp Executives Express Concerns Over Archaic Banking Technology
BNY Mellon Corp is a company well known for being one of the world’s largest custody banks. However, as is the case with any financial institution, they run into …