A big bet on Singapore’s digital banking | Analysis

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E-banks target the digitally-savvy, connected generation and use mobile devices extensively Image Credit: Shutterstock The much-anticipated arrival of virtual banking in Singapore is unlikely to be an “aha” moment for consumer finance, but corporate banking will be different.One should expect disruption. The application period for Singapore’s first internet-only lenders ended last week with five known…

The European Union is no match for the financial crime gangs | Banking

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European Union flags fly outside the European Commission headquarters in Brussels, Belgium.Image Credit: Reuters Europe’s reputation on financial crime took another battering in 2019.Several of the region’s biggest lenders, including ABN Amro Bank NV and Swedbank AB, were tarred by allegations that they let criminals move around their cash unhindered, a reminder that Danske Bank…

Iran crisis: Bitcoin price surges amid growing tensions with US

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Bitcoin’s volatile history in pictures 1/8 Satoshi Nakamoto creates the first bitcoin block in 2009 On 3 January, 2009, the genesis block of bitcoin appeared.It came less than a year after the pseudonymous creator Satoshi Nakamoto detailed the cryptocurrency in a paper titled ‘Bitcoin: A peer-to-Peer Electronic Cash System’ Reuters 2/8 Bitcoin is used as…

A guide to scalability

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Bitcoin is slow by design Blockchains were not necessarily built for speed.Satoshi designed bitcoin with security and decentralization top of mind, and acknowledged that the system would struggle versus centralized competitors such as the major credit card networks.Instead, bitcoin’s ten minute block times and small block sizes have helped preserve consensus of the global, leaderless…

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