1340 articles tagged with this keyword
News/Research/analysis
Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.
21 June 2019
Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes.
20 June 2019
The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.
18 June 2019
News/inclusion
The UK banking industry is promising to work with local communities to ensure that Brits continue to have free access to cash as the country drifts towards a digital economy.
12 June 2019
A report from management consultant McKinsey suggests that retail banks have been slower to adopt blockchain technology because they face more challenges in reaping the potential benefits.
07 June 2019
An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator
News/payments
With mobile banking and contactless payments becoming ever more popular in the UK, one in 10 Brits now live a largely cashless life, according to figures from UK Finance.
A flurry of large M&A deals and the popularity of contactless payments have helped to create a record volume of fintech deals, according to a recent report, but also raised fears that the market may be overcrowded and reaching peak status.
06 June 2019
News/devops
The financial services industry is already looking beyond Open Banking to the next phase of innovation, 'Open X', which will require deeper collaboration and specialisation, claims the latest World Fintech report from Capgemini.
The majority of fintechs in the Nordic and Baltics belive that the region can dominate the fintech landscape in years to come but only if they can secure greater access to investment capital.
05 June 2019
Digital banking is now firmly entrenched as a part of everyday life in Europe, a Mastercard survey shows, with security and convenience the most important factors for people looking to manage their money online or through their phones.
Fintech is mainstream, according to a global survey from EY which finds that financial technology services are used by the majority of people in India, China and the UK, although are considerably less popular in the US, France and Japan.
03 June 2019
What will trading technology look like in 50 years? Trades powered directly by thoughts, hardware that inhibits the influence of negative emotions, and mobile-phone based 3D trading rooms could all be in our future, predicts a report.
30 May 2019
News/security
Nearly three quarters of chief information and security officers at financial institutions plan to ask their firms for an increase in cybersecurity investments in the next year, according to a survey.
29 May 2019
The UK's Open Banking revolution is being hampered by outages that banks are taking weeks to fix, according to figures from SME lender Growth Street - an analysis that has been categorically refuted by the Open Banking standards setter.
23 May 2019
The migration to ISO 20022 offers a major opportunity for banks and corporates, but it is not simply "another IT project" and will require CEO commitment and allocation of appropriate budgets, according to a Deutsche Bank guide.
20 May 2019
News/regulation
While crypto-assets do not currently pose a threat to the euro area's financial stability, a disjointed approach at the national level could trigger regulatory arbitrage and hamper the resilience of the region's financial system, says an ECB paper.
17 May 2019
Brits expect their banks to deliver the latest technology to them but are less likely to rush to use it, suggests a survey from ING.
15 May 2019
News/startups
Fintech is the UK's top technology sub-sector when it comes to attracting investment, according to two new reports.
14 May 2019
Investment in the insurtech sector reached record highs in Q1 2019 yet there is lack of obvious value in the many of the newest insurtech offerings, according to a recent report.
13 May 2019
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