the banking group Nordea has opened its own equity crowdfunding platform for businesses and investors, told the trade magazine.the risk of companies financing is difficult for banks to face tougher regulation.Equity crowdfunding platform provides therefore nordea for the opportunity to be involved in growth companies in the field.the Service is included in the book-entry system and, according to end up in the companies that pass the Nordea sieve."Companies should be running and they are certain of the approval process through.we Aim, at least initially, to encourage youth entrepreneurship.
the housing act demographic pressures-the special support of the Hypo, deputy ceo Elli Reunanen advise to asp-saving competition to their loans immediately after lifting.Reunasen according to first-time buyers targeted asp-a loans are rising, although mortgage spreads have steadily in recent years."the first apartment is purchased the customer will have to pay the loan its more than just a few years ago.Wish him the benefits of asp, the borrower must do a little extra work: he should raise the asp of the loan on its own account from the bank and leave immediately after the competition round", Reunanen, noted in his blog.according to him, the situation are the reason for the large banks at the initiative changed the practice and interpretation about who must pay the asp-account of the additional interest."What's the largest amount of successful asp account to save, the more difficult it is to get a competitive asp-loan offer from your asp account bank loan offer alongside.
Finnish household indebtedness has recently warned more and more often.Now the issue has drawn attention also to the international credit luokittaja Fitch.One of the debt have long warned is a housing law demographic pressures-specialist hypo's ceo Ari Pound, which, according to the risk in are soon as the state of Finland, as Finnish banks credit ratings."the Banks that are pushing installment free campaigns and lengthy loan periods are waving the Finnish and Finnish banks' credit ratings.These banks are aggressive in the city market, the conquest of politics can get very expensive for all of us Finnish the purse, if the ratings declined and all money prices rise.the Combination is terribly dangerous in a situation where the global economy will rise, the market interest rates rise, but the Finnish economy crawl", Pound stated as New to Finland on Saturday.
investment product sales legislation, tightening at the beginning of 2018, the financial supervisory authority told reporters.the Problem has been that the investor-client's advantage and, for example, selling investment products of the bank interests may be in conflict.the Customer wants good returns with appropriate risk, while the bank may seek to sell as much as possible, for example, your own funds.fl will leader Anneli Import according to changes after the investment and insurance product sales persons has to be constantly sufficient knowledge and skills.a New requirement, the company could offer a particular investment product only a predetermined group of customers.Also the obligation to provide investment advice to various investment products expands, as simple, without the advice of products sold in the definition of the contraction.
the Swedish government devised by the banks ' contributions are not the only reason why Nordea is considering the headquarters transfer out of Sweden, the group leader Casper von Koskull said news agency Bloomberg.instead, the reason is Koskullin according to the Swedish banking regulation as a whole."your Attention is too much stability in payments.We must assess the whole picture, and our decisions are based on the whole", von Koskull said the news agency.Nordea received the backing this week of the Swedish competition authorities, who warn that the banks ' payments increase and the government's new proposals are hampered by the country's financial sector operations.according to the Authorities, on the other hand, Sweden needs a sufficiently large stabilization fund, which will ensure that the financial sector stabilization of the pour state of the hands
The smaller the amount of heat-retaining fireplaces, the better the bank Kauppalehti bank by comparison. Housing loans worth exceptionally well, Kauppalehti revealed a large bank comparison. POP group is an exception for the better Lavia Cooperative Bank, which reaches comparison, the top ten. It was able to increase its profits by nearly 10 percent and its operating profit margin of 57.3% was the best comparison. Municipality Finance is the leader in costs and revenues, relative to 14.1% and 85.9% in the operating result. In 2015, we grew all counts, explains Pekka Averio Municipality Finance's Managing Director in his review.
The updated app was quietly pushed live yesterday, and Google has now officially confirmed that Android Pay is available for anyone in the U.K., assuming they have a compatible NFC-enabled device.Similar to Apple Pay, Android Pay lets users purchase goods in physical retail stores by associating their MasterCard or Visa card with their device and swiping their phone against a contactless terminal at the point of sale.It can also be used to pay for things within third-party apps, including those by JD Sports, Deliveroo, Zara, Kickstarter, Airbnb, and YPlan.Crucially, Android Pay can also be used on London s public transport network, including the Tube and buses.The Internet giant launched its Apple Pay competitor last May, but so far, the feature has only been available in the U.S. Google did confirm back in March, however, that Android Pay would be landing in the U.K. some time in the next few months.The company has now confirmed that it will be launching in Australia and Singapore soon, with more countries added to the mix in the coming months.So it sounds as though the U.K. is serving as the launchpad for a major global rollout across 2016.Google had previously confirmed that eight banks would be on board for launch — Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA, and Nationwide Building Society, though it did note that more would be added.Barclays was also slow to embrace Apple Pay, which has been available in the U.K. since last summer.
Photo: Nora TamHong Kong companies and financial services institutions lag behind the US and Europe in cybersecurity measures as little emphasis is placed on security from a board-level perspective, according to industry experts.He said the banking sector in Hong Kong had lagged in their uptake of cloud technology adoption.Darren Argyle, chief information security officer of UK-based financial technology firm Markit, believes that Hong Kong banks and companies fall behind the US and Europe in beefing up cybersecurity even as the number of cyberattacks have been on the rise globally.He added that companies often view security as a cost of doing business, as cyber criminals increasingly target corporations in their attacks.CEOs of financial companies are now starting to ask what technology is in place which assures that they can respond adequately during a breach, he said.One way to mitigate the skills gap in Hong Kong is for the government to invest heavily in cybersecurity and related security start-ups, thereby encouraging more Hongkongers to pursue a career in security, he said.
Android Pay is also making its first big international push, with the payments platform launching in the UK Wednesday and coming to Singapore and Australia "soon."The mobile payment system, which Google first unveiled a year ago, is also getting support for contactless payments on public transit, with support for Transport London, which includes busses and trains.Android Pay's biggest competitor, Apple Pay, has been rapidly expanding across banks and the globe, coming to Singapore, Australia and China since the beginning of the year.But with Google's latest announcement, it looks like Android Pay isn't far behind.At launch, Android Pay was supported by more than 700,000 stores in the U.S. Now, it will also be compatible with all electronic, contactless payment systems in the UK including in Starbucks, Waitrose and public transportation stations, provided you have a card from one of the supported banks.Android Pay in the UK is now supported by Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA and Nationwide Building Society and Google says more banks will add support soon.
Android Pay can be used in shops, to travel around London and for in-app purchasesGoogle's Android Pay is now available in the UK, allowing you to make quick contactless payments from your smartphone.The contactless payment system has partnered with supported banks to register your chosen debit or credit card to make payments on contactless terminals in shops, on London s TfL networks and for in-app purchases.Check if your bank is supporting the service from launch with our list below:Banks supporting Android Pay from launchLloyds BankNationwideBank of ScotlandHalifaxM BankHSBCFirst DirectMBNABanks yet to support Android PaySantanderNatWestBarclaysBarclaycardTesco BankTSBAmerican Expressboon.For amounts higher than £30, the owner must enter their security code, fingerprint or lock pattern.Works with both contactless and traditional payment terminalsRequires fingerprint authenticationExclusive to Samsung smartphonesIs there a limit?Lost or stolen phones can be located, locked and wiped remotely through Android Device Manager.
View photosMoreThe SWIFT logo is pictured in this photo illustration taken April 26, 2016.JPMorgan Chase & Co has limited SWIFT access to some employees amid questions about the breaches at two Asian banks, The Wall Street Journal reported, citing people familiar with the matter.Brussels-based SWIFT is a cooperative owned by some 3,000 global financial institutions.Some U.S. banks want to discuss with SWIFT whether it responded quickly enough to the breaches and if it should help banks better secure their systems, Bloomberg cited one unidentified source as saying.Some U.S. banks expect SWIFT to come up with a technological solution to reduce the risk of further attacks, the report cited a second unidentified source as saying.SWIFT codes for at least seven international banks were written into malware used in an attack that Vietnam's Tien Phong Bank disclosed over the weekend, Bloomberg reported, citing a private report published by BAE Systems PLC .
Alphabet decided to update and re-brand the service last September after Apple launched Apple Pay in 2014 with a stronger business model due to some key alliances with banks.Android Pay's launch in the UK will arrive with support for Visa or MasterCard debit or credit cards from a variety of supported banks including Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA, and Nationwide Building Society.Barclays said earlier this week that it is not planning on participating in Android Pay in the UK.Google is promising that businesses that already have contactless terminals need do nothing to accept payments from Android Pay.Finally, Android Pay will be launching a deal-focused program called Android Pay Day that will be exclusive to the UK, at least initially.To encourage sign-ups and continued use of the service, which already has quite a lot of competition in the mobile and contactless payment world, a new deal will be posted the week before pay day every month.
You can now use your Android smartphone to pay for items in UK shops.Google announced the British roll-out of its wireless payments service Android Pay on Tuesday.Android users who have accounts with compatible banks will be able to tap their smartphones at NFC payment terminals to pay — much like you can already do with contactless debit and credit cards.It also works for payments within apps.Google is almost a year behind Apple on this one: Apple Pay, available on iPhones, launched in the UK back in July 2015.Business Insider tried Android Pay out at a press event earlier this week.You're held back only by your bank balance.Shops don't need to do anything to take an Android Pay payment — as long as it has an NFC payment terminal, which are pretty ubiquitous across the UK, the payment method will work.Banks that support Android Pay include Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA, and Nationwide Building Society.Notably absent from the list is Barclays — which is no surprise.The bank also took an age to get on board with Apple Pay, finally starting support for the service in April 2016, almost a year after its launch.Your phone needs to be running Android 4.4 KitKat and must have an NFC chip for the tech to work.Google director Pali Bhat told Business Insider that he didn't know how many smartphones in the UK are compatible — but that seven out of 10 Android phones globally are.The launch of Android Pay has been a pretty poorly kept secret.Halifax and HSBC both accidentally set their setup website pages live early, and sandwich chain Pret put up signs on its payment terminals saying customers could pay with Android Pay.NOW WATCH: 10 WhatsApp tricks only power users know aboutLoading video...
The mobile payments solution will be available on all near field communication NFC -enabled Android devices running KitKat 4.4 and above.The application doesn't need to be open to make the transaction and does not require any user input for payments of less than £30.The technology will work anywhere that contactless payment is available now, including many commercial outlets and on public facilities such as the Transport for London transport network.Android Pay works with both MasterCard and Visa as well as banks including Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, mbna and Nationwide.Barclays is notably absent from the list, having unveiled plans to launch its own contactless mobile payments solution in June.It is also a more secure way of paying than a card, as it can be used to add additional layers of authentication such as fingerprints.
Android Pay has launched in the UK, causing plenty of excitement amongst people who don t simply like to fling their money around, but like to fling it around quickly, digitally and contactless-ly.It stores your credit and debit cards on your Android-running device, letting you pay for stuff with your phone or tablet.The biggest and best Android handsets on the market, apart from the OnePlus 2, have NFC on board, as do most mid-rangers.There were some big names missing from Google's compatibility list, however, including American Express, Barclays, Royal Bank of Scotland and Santander, though the company said it was working on getting more banks involved.An in-built card-scanning tool does the rest of the work.Furthermore, if you lose your phone, you can remotely lock or wipe it using the Android Device Manager tool.
Certainly, Stuff s overdraft is a lot more lonely than it ever was before.Like MP3 players, sat navs and compact cameras, it seems as though cash is the next concept on the smartphone's hit list.While you wait for them to arrive, the likes of Starbucks and Deliveroo will offer special deals Android Pay Day will kick off in June, with special offers and deals on the Tuesday before pay day to make that last week just a little bit less painful on the paycheque on the last Tuesday of every month to encourage people to try out Android Pay.Just as Apple s 'Find My iPhone' app allows you to remotely wipe your device if it's lost or been stolen, the same applies with Android Device Manager.Naturally, no banks or retailers have been confirmed for the service but it will likely support the same Magnetic Secure Transaction technology that's been used in its US incarnation.When you consider Android Pay s general ease of use and its slick support for multiple payments under £30, it should soon be a match for Apple Pay.
Anyone with an Android device running KitKat 4.4 and above will be able to make payments if their phone has NFC.The system will work with all existing contactless payment points, including those on the London's transport network.Details of the payment system's UK launch were partially leaked by a coffee shop last week.One London-based branch of Pret a Manger started displaying adverts for the contactless method alongside its card machines, saying that users Android users could pay with their phones.Android Pay debuted in the US in September, with Australia set to be next following its UK launch.It was immediately supported by almost all major UK banks, with the exception of Barclays, which launched its own bPay alternative.
Android Pay launches in the UK with support for MasterCard and Visa from at least eight banks and can be used anywhere contactless cards can.Not every Android smartphone supports NFC, however, but the contactless technology that also allows instant Bluetooth pairing with supported devices, is included on the majority of top and middle-tier Android smartphones sold in the UK.Photograph: GoogleVisa credit or debit cards and MasterCards from the Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA and Nationwide Building Society will be supported from launch, with London s Underground network also supporting Android Pay for travel in the same way it does Apple Pay.Google will also have a bespoke offer system called Android Pay Day, operating on the last Tuesday of the month starting in June when retailers including Starbucks UK and Deliveroo will have special offers.Samsung Pay, which uses both NFC and magnetic stripe for payments, has yet to launch in the UK, but is expected soon.Over 84m contactless credit cards have been issued in the UK as of February 2016 and over £1.3bn was spent using contactless payments in the month with usage growing 36.5% year-on-year.
Apple Pay vs Android Pay: With the launch of Android Pay in the UK, both Apple and Google s mobile payment systems are now available for US and UK users.Of course, this is what makes the relationship between Google/Apple and the banks so important, since the interaction is quite different to the standard contactless approach.Where Apple Pay and Android Pay can actually be used is limited by the country you reside in.This is pretty telling: it looks like Apple has done most of the groundwork, then Google has come in and done deals with a lot of the same companies.Android Pay is really a development and branching out of this service, which launched four years earlier in 2011 without much success.A teardown of the iPad Air 2 revealed it has an NFC chip, but doesn t have the periphery antennas or boosters needed to make the chip work properly.
If hackers take down a bank, it could endanger the whole society, says Barclays chairman John McFarlane.The financial sector needs to do more to protect itself against cybercriminals, as the combination of money and personal data that banks possess represents the "perfect target" for hackers, according to a new industry report.Read More"Digital technology has radically changed every aspect of our lives and brought untold benefits.Of course, with these opportunities it's introduced a new threat which is cybercrime; not only are they after our information, they're after our money and can and will steal it from wherever they choose," said John McFarlane, chairman of Barclays and TheCityUK.TheCityUK also calls for the creation of a City-wide cyber forum to "to promote collaboration across all firms" in the sector, in order to encourage best practice sharing and strengthen every organisation's cybersecurity.There is no silver-bullet to manage it, but there are practical steps the industry, and the customers we serve, can take to ensure we're well protected against attack," said Chris Cummings, chief executive of TheCityUK.
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