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Ernst & Young Under Scrutiny Over Wirecard Accounting Practices

PYMNTS

Ernst & Young ( EY ), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German payment processor claimed it had up to 1 billion euros ($1.1 The big question for me is what on earth did EY do when they signed off the accounts?”

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Fraudsters Bilk Bankers Out Of $32M

PYMNTS

Investment bankers in Hong Kong were tricked out of millions of dollars by a cash-advance business called Global Merchant Funding (GMF). According to Bloomberg , smooth-talking fraudster Avery Stone and his partners at GMF convinced bankers from prominent international banks to invest in the business to the tune of $32.5 million).

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Are Bankers At the Intersection of These Three Traits?

Jeff For Banks

With all of the scrutiny, negative press, and regulatory change, I don't experience many bankers having fun, either. Dream Big In the fourth quarter of 2010, an investor group recapitalized a $66 million in assets financial institution, that was breaking even, and had less than $6 million in capital. But even that is inconsistent.

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Regulations and Syllabus for Banking Diploma ( JAIBB & DAIBB)

FluentBanking

Banking diploma is a very common and recognized professional certification from The Institute of Bankers, Bangladesh (IBB). Though there are so many contradictions about this course, every banker wants to pass this certification. Today we are going to provide you a better insight into IBB, Bangladesh, and their banking diploma course.

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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

In addition, we saw more and more B2B FinTech models proving out at the banks, coupled with larger and later-stage investments as the FinTech world scales up.”. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 A report released this week found startups across the U.S., Blockchain.

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Sowing the Grassroots

Independent Banker

Advocacy Advocate—ICBA’s Joshua Harbursky works to assist community bankers with their industry policy engagement with lawmakers and regulators. ICBA has a great infrastructure in place and a lot of active advocates among community bankers. ICBA’s advocacy director talks about fostering a culture of advocacy. Habursky: Very nicely.

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Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity

CB Insights

In contrast, online banking in the US has surged with 73% of consumers using it regularly, up from 46% in 2010. . Meanwhile, Canada’s CIBC reported that the number of customers over 65 signing up for digital banking services had more than tripled in April 2020. get the state of challenger banks report. First name.