Articles with tag: interest rate

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Central Bank Digital Currencies: evolution, not revolution

24 Jul 2020 | Cryptocurrencies

In our second instalment of CBDC series, Barry Topf, Chief Economist at Saga Monetary Technologies, discusses the potential CBDCs hold but also the great hidden risks, especially in terms of privacy

Saga Monetary Technologies, Barry Topf, CBDC, Central Bank Digital Currency, crypto, digitalisation, tokens, trust, security, central banks, central bank money, interest rate, financial stability, Saga token, SGA

Amazon, Goldman Sachs partner for small business credit lines

11 Jun 2020 | Payments General

Amazon has partnered with Goldman Sachs to introduce a new credit line for the US merchants on its platform, according to Forbes.

Amazon, Goldman Sachs, small business sellers, small business credit line, Marcus, consumer banking, revolving credit lines, interest rates

Xinja Bank chops rates for savers

12 May 2020 | E-invoicing, SCF & E-procurement

Australia-based Xinja Bank has announced moving the interest rate on its Stash savings account to 1.8%. 

Xinja Bank, Australia, banks, savings account, Stash, neobank, interest rate, Reserve Bank of Australia, RBA

Bank of England releases recession warnings

07 May 2020 | Payments General

The Bank of England has warned that the UK economy will be hit by recession because of the coronavirus pandemic.

Bank of England, recession, coronavirus, pandemic, technical recession, economic decline, interest rates, economic challenge

RBA maintains 0.25 percent rates, expands repurchasing

05 May 2020 | Payments General

The Reserve Bank of Australia has maintained the official interest rate at 0.25%, while looking to extend repurchasing operations, as reported by afr.com.

RBA, Reserve Bank of Australia, interest rates, repurchasing, corporate bonds, collateral, credit ratings, repurchasing agreements, Australia, central bank

Jana Small Finance Bank (India) launches DIGIGEN neobank

14 Apr 2020 | Online & Mobile Banking

Jana Small Finance Bank, an India-based scheduled commercial bank, has released DIGIGEN, a new digital banking solution.

Jana Small Finance Bank, DIGIGEN, India, neobank, scheduled commercial bank, digital banking, savings account, fixed deposit options, interest rate, minimum balance, online bill payment, instant funds transfer, debit card, KYC

Indian Bank announces a cut in its lending rates

01 Apr 2020 | Payments General

Following a 0.75% reduction in the repo rate announced by the Reserve Bank (RBI), Indian Bank has decided to cut its lending rates.

Reserve Bank, RBI, Indian Bank, lending rates, interest rates, Bank of Baroda, pandemic, consumer loans, banking, India

86 400, Volt Bank, Up cut account interest rates following Reserve Bank cuts

20 Mar 2020 | Online & Mobile Banking

Australian neobanks 86 400, Up and Volt Bank have cut their interest rates by 0.25% following the decision taken by The Reserve Bank of Australia.

Australia, neobanks, 86 400, Up, Volt Bank have cut their interest rates by 0.25% following the decision taken by The Reserve Bank of Australia.

Starling supercharges business loans and overdrafts

14 Jan 2020 | Online & Mobile Banking

UK-based Starling Bank has announced supercharging its bank accounts for businesses and sole traders with unsecured loans of up to GBP 250K.

Starling Bank, digital bank, online banking, business loans, overdraft, VAT, interest rate, challenger bank, UK, United Kingdom, Faster Payments, SEPA, Bacs, MasterCard.

Hong Kong's ZA Bank offers 6% deposit rate, challenging incumbents

13 Jan 2020 | Online & Mobile Banking

Hong-Kong-based challenger ZA Bank has announced its arrival with an introductory rate of 6% or higher for deposits.

Za Bank, HSBC, Standard Chartered, interest rate, deposit rate, challenger bank, digital bank, online banking, Hong Kong, Asia, APAC, banking, Hong Kong Monetary Authority, Ant Financial, Tencent