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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The filings also indicated that interest income would be spread across operating segments.

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GE Capital Exits Trade Finance With MUFG Acquisition

PYMNTS

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

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Bitcoin Daily: Crypto-Related Crime Fell To $10 Billion In 2020; Singapore Exchange, Temasek Team On Digital Asset Market Infrastructure

PYMNTS

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. in January of 2018, and after that, an underground operation emerged, in which the yen were exchanged for other digital currencies on a dark website. More stats show that scams netted around $2.6

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Bank Innovation Completely Overhauls 2018 Conference Agenda

Bank Innovation

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].

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Uber To Sell Its Uber Eats Operations In India To Swiggy

PYMNTS

Uber Eats , the food delivery business of Uber, is gearing up to sell its Indian operations to Swiggy , a rival food delivery company in the country. billion in the first quarter of 2018 alone, noted the report. “It It also marks the first sale of Uber’s food business around the world.

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Bitcoin Daily: 2018 Was Bitcoin’s Worst Year Yet, DMM.com Steps Back From Crypto Mining

PYMNTS

Bitcoin finished up its worst year yet, as the price of the popular cryptocurrency plummeted by over 80 percent over 2018, Coindesk reported. In addition, the digital currency’s total capitalization dropped by almost $700 billion. But the cryptocurrency ended 2018 with a price of just under $3,750.

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When the lights go out: why does operational risk matter for financial stability?

BankUnderground

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.