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RBI forms panel to look into digital lending practices
MUMBAI (Reuters) - The Reserve Bank of India said on Wednesday it had formed a working group to look into digital lending practices, following reports of policy violations and borrower harassment by several digital lending apps in India.
Google removes some lending apps in India to protect consumers
MUMBAI (Reuters) - Alphabet Inc's Google has removed some lending apps aimed at consumers in India from Play Store in an attempt to safeguard users, it said in a blog post on Thursday.
Apple Card’s sex-bias claims look familiar to old-school banks
Apple Inc pitches its new card as a model of simplicity and transparency, upending everything consumers think about credit cards.
Opinion: Masa and his bankers Grab a shared ride
Mitsubishi UFJ Financial Group Inc is investing more than US$700mil (RM2.93bil) in South-East Asian ride-hailing giant Grab. It’s a three-way deal in which everyone gets what they currently lack.
JPDP to investigate six unlicenced moneylending apps for personal data abuse
JPDP said the six apps have been found to have accessed and copied its users information, including personal data that are not related to the loan application, without their permission.
Growing at the speed of Uber always comes at a cost: opinion
In the corporate world, rapid growth comes at a cost. Deals with the devil always do.
China takes forceful steps to tame unruly peer-to-peer lending sector
China's banking regulator unveiled aggressive measures to restrain the country's fast expanding peer-to-peer (P2P) lending sector on Aug 24, warning that almost half of the 4,000-odd online lending platforms are "problematic".
US sees 'potential for abuse' in online lending: DOJ's Caldwell
The potential for abuse is growing in financial industries such as online lending, where technology is replacing traditional safeguards, the top lawyer in the US Department of Justice's criminal unit said.
Money, scouts and speed dating: Banks fight for technology edge
Hoping to link with tech entrepreneurs and get ahead of a wave of digital innovation, Europe's top banks are setting up multi-million dollar investment funds, hiring scouts in Silicon Valley and hosting "speed dating" sessions.
Indonesia cracks whip on mushrooming illegal fintech firms
Indonesian regulators struggling to keep pace with the mushrooming fintech startups operating without a license have turned to the police and public for help in tracking them.
