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Technology

Julius Baer (BAER) Suffered Tech Crash That Left Bank, Clients Offline

newsblows.com1 year ago1 year ago01 mins

[ad_1] Julius Baer Group AG suffered a crash of its core banking systems on Feb. 16 that left Switzerland’s second-largest listed wealth manager offline for some time, according to people familiar with the matter. In a statement, Julius Baer confirmed the temporary outage of its IT systems late afternoon on Feb. 16 caused by “a…

Technology

India’s RBI Is Said to Consider Canceling Paytm Bank Permit

newsblows.com1 year ago1 year ago01 mins

[ad_1] India’s banking regulator is considering scrapping the license of Paytm Payments Bank Ltd. as early as next month, people with knowledge of the matter said, potentially dealing another blow to the troubled local fintech giant Paytm’s growth ambitions. The Reserve Bank of India wants to safeguard depositors first and could act after a Feb….