Search Results for: Russian banks
Taiwan banks suspend ATM services after thieves steal $3 million with help of malware
July 13th, 2016
Taiwan’s top eight banks have suspended services on 900 Automated Teller Machines(ATMs) across the island, after thieves made off with NT$70 million (S$2.94 million) in a coordinated heist, apparently with the help of malware. Bank of Taiwan, Chang Hwa Bank, First Bank and ...
Russian Finance Firms Form Blockchain Consortium
July 4th, 2016
A group of Russian banks and financial services companies has formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International ...
Banks told to declare links to Panama Papers law firm by next week
April 8th, 2016
Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority by a week on Friday. The City regulator had ...
Russia Courts Foreign Banks as Funding Crunch Overtakes Politics
February 8th, 2016
Goldman, Citigroup among 20 foreign underwriters approached Allianz says Russia needs to tap Eurobond market this year Pressure is mounting on Russia to break the vow of abstinence on selling Eurobonds it has maintained since the U.S. and Europe ...
Russian watchdog to inspect Microsoft, McDonald’s for compliance with personal data law
January 12th, 2016
The regulator plans to hold over 1,000 scheduled inspections of compliance with the law on keeping of Russian users’ personal data on servers in Russia Central Federal District Department of the Russian IT and communications regulator will inspect a ...
Russian Information Minister Is Keen to Explore Blockchain Technology
December 22nd, 2015
Nikolai Nikiforov, the Russian Minister for Communications and Mass Media spoke about Bitcoin’s underlying technology, the blockchain. The Minister notes the distributed ledger technology as “very interesting” and intends to monitor its development going forward. Speaking at the ‘Internet ...
Russian central bank issues new payment cards to take on Visa and MasterCard
December 21st, 2015
Thirty-five Russian banks have agreed to participate in the launch of a new national payments card intended to challenge the dominance of Visa and MasterCard. So far, seven of the banks have tested the basic functions of the new’ ...
Russian Firm Plans Local Version of Bitcoin Digital Currency
September 18th, 2015
A leading Russian payment services provider is developing the country’s first virtual currency — the bitruble. If the company, Qiwi, can overcome resistance from Russia’s financial authorities — which fear that cryptocurrencies could be used to launder money and ...
Russia’s Banks Turn Away Clients as Borrowers Fall Behind
August 4th, 2015
JSC Alfa Bank, the Russian private bank founded by billionaire Mikhail Fridman, is scaling back lending for all but the most affluent clients after a growing share of customers fell behind on payments this year. The Moscow-based bank last ...
BoI warns Israeli banks to keep sanctions on Russia
May 11th, 2015
Israeli banks are being required to verify that sanctions are being observed. The Bank of Israel has ordered Israeli banks to establish a policy and rules for working with companies and banks in Russia, following the sanctions imposed on ...
