For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
Jamie Dimon threatens to close down bitcoin and crypto currencies if they get too big
In the latest financial and business update, the bitcoin is back in news!JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large. “Right now these crypto things are...
According to EU Officials, Traditional Rivals Pay More than Twice the Taxes Paid by Tech Firms
According to the latest financial news today, technology companies are paying less than half the tax paid by mortar-and-bricks businesses states a report published by the European Commission. According to this report by EU, 23.2% taxes are levied on traditional companies as opposed to 10.1%...
RBI is looking to launch its own Bitcoin
According to the latest finance related news it seems demonetisation is not India’s last experiment with currency. The Reserve Bank of India (RBI) is now looking at the brave new world of crypto-currency. The success of Bitcoin, a popular crypto-currency, may have encouraged the central...
Investors not fazed by bitcoin-rupee swap dive
The bitcoin-rupee swap rate went into a free fall after regulators in China forced BTC China, one of the world’s biggest exchanges for the digital currency, to down shutters on Thursday. The swap value dropped to Rs 2.2 lakh per bitcoin from Rs 3.44 lakh...
Punjab National Bank(PNB) customers will have to pay charges after 5 ATM transactions per month
Introduction In the latest financial related news, PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the bank’s ATMs. At present, account holders of the country’s second largest public sector bank can make...
Digital Transactions Surge by 55% and Mobile Banking by 122% in India
8th November 2016 witnessed one of the most shocking finance news. This day became revolutionary in the history of India as a bold move to curb corruption and implement demonetisation. Thus, began India’s journey towards a digital economy. This move led to a decrease in dependency...
Over 22 Lakh Signatures in Petition Against GST on Insurance
According to the business finance news, the All India Insurance Corporation Employee Union has claimed that the insurance sector of India has been severely hit by the imposition of 18 % GST. The union has said more than 22 lakh people signed the petition to...
Google Payments App ‘Tez’ to launch on 18th September by Finance Minister Arun Jaitley
Union Finance Minister Arun Jaitley will launch Google’s Unified Payments Interface (UPI)-based digital payment service called “Tez” on Monday.”FM Shri @arunjaitley to launch the Google Digital Payment app ‘TEZ’ on Monday, 18th September, 2017 in the national capital,” the Finance Ministry confirmed in a tweet...
Technology takes over the financial industry
A latest financial news shows that automation technology is expected to take over the financial industry. When the chairman of one of the world’s biggest banks was asked recently how technology would change finance, he pointed to the rise of Ant Financial, the digital payments...
Inadequate measures against cyber crimes threatens progress of technology in financial sector
According to the latest financial news, technological interventions that are gradually making an entry into the global financial sector, including big data, artificial intelligence, blockchain technology and internet of things, promise far greater convenience in day-to-day banking transactions for customers. Cutting-edge technology is being leveraged...
