Launched in 2015, Curve says it has 1.3 million customers across Europe. It was one of the companies caught up in the Wirecard incident. Curve’s cards were suspended for two or three days because it relied on Wirecard for its financial transactions – but it was already well on the way to migrating to its own systems and this process was completed a few days ago. Curve cards and e-money are now issued by Curve OS, an authorised e-money institution based in London. … [Read more...] about Banking apps: what do they offer – and how is your cash protected?
Ahli bank mobile banking
Where the locals might have been happy to tolerate one or two of the sensitives, the mass migration was beyond the pale. Another sensitive who moved to Green Bank was reported to have flown into a rage at the library, denouncing the “dumb hillbillies”. “People tell me to stop encouraging others to move here, and to stop bringing them into stores,” Schou confirms. “The hostility continues.” People would walk towards Schou with concealed electronics, in an effort to provoke a reaction. A meeting she and her husband organised to help educate the others about electrosensivity descended into a slanging match. Schou, who has called herself a “technological leper,” said the ill will went further: “I had a visitor staying, a fellow refugee, and the air was let out of our car tyres overnight.” … [Read more...] about Green Bank: the town that banned Wi-Fi
Errors from the past are still weighing on the banks, as HSBC knows all too well. A monitor installed as a result of a 2012 fine for money-laundering offences by the US has flagged up issues with the speed at which the bank is able to make changes to its internal systems and controls. Libor-rigging and manipulation of the foreign exchange markets have already shaken the public image of banks – and the fines knocked a dent in their profits. … [Read more...] about Customers’ reluctance to try newcomers props up the banking giants
It was established on the recommendation of Sir Richard Lambert, a former editor of the Financial Times and ex-head of the employers’ body the CBI, and its work was among the reasons cited by the Financial Conduct Authority when it dropped a review into banking culture at the end of last year. … [Read more...] about Banking Standards Board confirms exit of deputy chairman
In a bad year for Westpac, Brian Hartzer resigned as chief executive in November after the federal government's anti-money laundering agency AUSTRAC, also known as the Australian Transaction Reports and Analysis Centre, revealed the bank had allegedly breached the law 23million times. … [Read more...] about Westpac suspends its dividend for the first half of the year as the bank’s earnings plunge by 70 per cent