1679 articles tagged with this keyword
News/Research/analysis
North Korea has been using cyberattacks on banks and cryptocurrency exchanges to steal money and evade financial sanctions, says a new United Nations report.
20 March 2019
Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures.
15 March 2019
Company update/retail
Experian has targeted radically reducing the UK’s ‘Invisible’ population by harnessing the potential of new data sources, which can help organisations make more informed decisions.
12 March 2019
News/inclusion
The rise of fintech has the potential to extend the benefits of financial inclusion to millions of people but also poses complex regulatory challenges, says a new UN-backed report which also questions the value of the increasingly popular sandbox approach.
15 February 2019
Company update/ai
Artificial intelligence (AI) will produce more accurate, reliable and transparent credit decisions than human-based systems within five years, according to capital markets professionals surveyed by Intertrust.
21 January 2019
The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.
10 January 2019
APIs and cloud-based systems and low code developer tools are enabling banks to create a more open service, and this hybrid utilisation of new technology with legacy systems is a way to deliver new services, fast, without undergoing wholesale core transformation.
09 January 2019
A survey has revealed that smartphone apps have surpassed online banking as the channel of choice for UK consumers.
News/payments
Most central banks are exploring central bank digital currencies (CBDCs) but hardly any are at the pilot stage and even fewer see issuance as likely in the short or medium term, according to a Bank for International Settlements (BIS) survey.
Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture.
04 December 2018
Company update/startups
Latin America has established itself as a leading region in terms of innovation in the financial services sector that has seen more than 1,100 FinTech ventures and around a 50% annual growth rate in the main markets, according to research conducted by Startupbootcamp in Latin America.
29 November 2018
News/Sibos
Innovation in financial services and the application of new technologies dominated conversation on day 1 of the Swift Operations Forum Europe (SOFE) 2018.
Company update/Research/analysis
The average consumer is spending $59 more than the original value of their gift card, up $21 from 2017, according to the 2018 Prepaid Consumer Insights Study released by First Data (NYSE: FDC) today.
28 November 2018
News/security
In an interview with Finextra, BAE Systems’ head of cyber security consulting practice Robin Oldham shares new research conducted with interbank messaging network Swift, which profiles the way in which sophisticated cyber crime gangs are moving up the value chain in search of big wins in the wholesale payments and capital markets arena.
19 November 2018
Company update/payments
Mobile commerce (m-commerce) continues its ascent to dominance among Americans as it is now the fastest growing shopping channel, growing 15 percent annually in the U.S. – according to new data from leading payments technology company, Worldpay (NYSE: WP; LSE: WPY).
15 November 2018
Many ATMs from some of the world's biggest manufacturers are vulnerable to a host of attacks and can be hacked in minutes, according to a report from Positive Technologies.
Company update/inclusion
Egypt boasts one of the fastest-growing business markets in Africa, as can be seen in the expansion of its financial technology (fintech) industry.
14 November 2018
Banks and corporates could reap huge benefits from real-time liquidity management functionality, but industry-wide collaboration is crucial to make it a reality, according to a new Deutsche Bank white paper.
13 November 2018
Company update/wholesale
Element22, a boutique data and analytics advisory firm serving the financial services industry, today announced the results of its comprehensive benchmark study, which was sponsored by UBS Asset Management.
07 November 2018
UK financial firms, regulators and governments would benefit from increased efficiencies and cost savings if the developed shared digital platforms to more effectively tackle things such as customer background checks, regulatory reporting and fraud prevention, says a new report from Deloitte and TheCityUK.
01 November 2018
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