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ILMARS RIMSEVICS, for 17 years the governor of Latvia’s central bank, had been due to retire next year. Instead, he is facing calls to resign. On February 17th Latvia’s anti-corruption authority detained him on suspicion of demanding bribes of at least €100,000 ($ 123,000). That sparked international concern. Mr Rimsevics is a member of the […]
ON A clear day, sunset over Lake Zug is magnificent. Snow-dusted mountains cut through the orange glow above and are mirrored in the lake below. “Zug is our spiritual home,” says Jeremy Epstein, from Washington, DC, who has just taken 40 foreigners to tour the small Swiss town south of Zurich. They came not for […]
ILMARS RIMSEVICS, for 17 years the governor of Latvia’s central bank, had been due to retire next year. Instead, he is facing calls to resign. On February 17th Latvia’s anti-corruption authority detained him on suspicion of demanding bribes of at least €100,000 ($ 123,000). That sparked international concern. Mr Rimsevics is a member of the […]
ON A clear day, sunset over Lake Zug is magnificent. Snow-dusted mountains cut through the orange glow above and are mirrored in the lake below. “Zug is our spiritual home,” says Jeremy Epstein, from Washington, DC, who has just taken 40 foreigners to tour the small Swiss town south of Zurich. They came not for […]
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Artificial intelligence (AI) is one of the most commonly referenced terms by financial institutions (FIs) and payments firms when describing their vision for the future of financial services. See the rest of […]
This one—the Prius Prime plugin—might be the pick of the bunch. (credit: Jonathan Gitlin) On Monday, Toyota pledged that “by around 2025” every new Toyota or Lexus model vehicle will have an electrified version, whether it be a hybrid electric, a plug-in hybrid electric, or a battery electric version. The Japanese automaker also said that […]
Chris Weller/Business Insider In 11 countries around the world, some 30 million people use a mobile money service that is transforming how people handle their finances. It’s called M-Pesa, and it has lifted hundreds of thousands of people out of poverty in Kenya. “Pesa” is Swahili for money. The Kenyan service provider Safaricom launched M-Pesa in […]
This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. This report is exclusively available to enterprise subscribers. Check to see if your company has access. Banks are going to new lengths to attract and retain customers with mobile features. In BI Intelligence’s Mobile Banking Competitive Edge study, 83% of respondents said […]
BI Intelligence When it comes to offering cutting-edge mobile banking features that consumers most value, Wells Fargo tops the list, according to BI Intelligence’s Mobile Banking Competitive Edge study. Banks are increasingly putting mobile first to keep up with consumers’ growing reliance on digital channels, as a strong suite of mobile offerings can now give them a major […]
Monzo, a U.K.-based startup building a mobile-first banking service, has raised £71 million ($ 93 million) in a round of funding from Stripe, Goodwater Capital, Sequoia’s Michael Moritz, Passion Capital, Thrive Capital, and Orange Digital Ventures. This latest tranche takes the company’s total funding to £106 million ($ 140 million) and values the London-based startup at £280 […]
