Financial

MobiKwik is aiming at more funds which will give it $1 billion valuation

Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.

New Cloud Delivery Models Meet Wishlists of Asia's Financial Services Sector and Regulators: IDC

IDC releases a study that suggest the need for new cloud delivery models that may prove to be the turning-point for the technology's uptake in Asia/Pacific's conservative financial industry.

HCL, Cisco Ally For Vertical Specific Solutions

First of these solutions is targeted at the financial services industry to improve the end-customer experience.

RBI CAB Launches E-Portal For ICT Based Financial Inclusion

The portal is on ICT enabled financial inclusion efforts of banks.

Business Demand For Integrated Financial Intelligence On the Rise

A Teradata study exposes limitations in ERP systems for financial reporting.

Donald Trump's press conference: Russia did it, CNN is fake and other things we learned

Donald Trump shocked everyone with his first press conference as the US president-elect on Wednesday as he threw one bouncer after another

Dow closing in on 20,000 | Reuters

By Tanya Agrawal Gains in financial stocks pushed the Dow to a record high and just 20 points short of 20,000, a level it has never touched.Goldman Sachs (GS.N), which was up 2.2 percent, gave the biggest boost to the blue-chip index.Wall Street extended a recent rally on Monday but finished the session short of earlier highs as risk aversion set in following the killing of Russian ambassador to Turkey in Ankara and a truck attack in Germany."2016 is ending with tragic incidents in Turkey and Germany, but investors have become so fast in digesting bad news, and this explains the resilience in financial markets," said Hussein Sayed, chief market strategist at FXTM.U.S. stocks have been on a tear since the Nov.

Hurdles emerge for stocks after rally | Reuters

By Chuck Mikolajczak | NEW YORK NEW YORK Benchmark U.S. stock index rallies, in anticipation of fiscal stimulus measures by the incoming administration of President-elect Donald Trump, could also be laying the seeds for equity market troubles from a stronger dollar and rising bond yields.The S&P 500 stock index .SPX has surged over 8 percent since the Nov. 8 election, due in large part to sectors that are expected to benefit from an inflationary policy

U.S. banks must pay up to $2 billion more per year to shield Wall Street - Fed | Reuters

WASHINGTON The largest U.S. banks will have to pay as much as $2 billion more a year to insure against a future market collapse, the U.S

Deutsche Bank's staff pay stays high, come rain or shine | Reuters

By John O'Donnell | FRANKFURT FRANKFURT Deutsche Bank has continued to pay staff roughly the same amount as it did a decade ago, despite the financial crisis and a collapse in profits, according to a Reuters analysis of its financial reports.Germany's biggest bank paid its staff more than 13 billion euros ($13.6 billion) in total last year, including benefits and bonuses, despite making a loss of almost 6.8 billion euros. That level of pay was about the same as in 2007, when it made a profit of around 6.5 billion euros.This year, staff received more than 9 billion euros in the nine months to September, while profit in that time was about 500 million euros, according to its reports.The payouts show how Deutsche Bank, which recently had to deny speculation that it would be rescued by Germany as it faces a heavy U.S.