The Currency Scene:
News, Events, and Stories about currency from around the world.


Banks are swamped with hundreds of tech CVs: here’s the new way to stand out

Tired of carefully massaging your CV for every job posting, then waiting as your application is buried under a pile of rival CVs that most managers will barely skim through? Guess what – banks are losing interest in seeing hundreds of tech CVs swamping every IT role they post, all carefully keyword-matched yet unverifiable in the real world.

Technology hiring in banking is increasingly moving away from the advertised position. Even where roles are posted with job boards and recruiters, the selection process is evolving beyond the “talking heads” interview.

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How Fraud Victims 'Punish' Their Banks

Would you leave a bank after an unauthorized charge on a credit card or a strange debit from an account? It's a question for financial institutions evaluating the impact of a security breach.

A new study by Carnegie Mellon University researchers suggests that some customers will, in fact, leave even if they receive quick refunds of losses due to fraud. The study is one of only a few correlating the impact of a fraud incident on customer loyalty.

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Why does money transferred online take days to turn up?

In the age of the instant everything, why does the money I transfer electronically disappear from my account immediately, but take up to five business days to reach its destination?

I can’t help but imagine a giant multinational conglomerate conspiracy as I watch my funds fly off into the abyss of nothingness for days before my debts are settled at the other end. Where did they go? And importantly, who is earning interest off of them while they’re unavailable?

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Six Hottest Banking Trends for 2017

Change is imminent in banking, and as we begin the new year the only debate seems to be what is going to be driving that change. Over the course of 2017, what is going to transform banking the most? Well, we have some ideas.

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