Tag: Banking
Fintech: Intelligent automation could add $512 billion to finance sector
A new report from Capgemini’s Digital Transformation Institute reveals that, by 2020, the financial services industry could reap up to $512 billion in new global revenues...
Swiss town votes via blockchain, while blockchain bank tools up
A Swiss town votes on blockchain, while BABB – the self-styled 'World Bank for the microeconomy' – is gearing up for 2019 launch. Malek Murison...
PayPal snaps up fraud prevention player Simility for $120m
NEWSBYTE PayPal has announced that it is to acquire fraud prevention and risk management platform, Simility, for $120 million in cash.
The acquisition, which is...
“Cryptocurrency systems can’t scale or be trusted” – central banking organisation
UPDATED The more popular cryptocurrencies become, the less trustworthy and efficient they are, according to a key central banking organisation.
Cryptocurrencies are “not scalable and...
Banking: Is blockchain GDPR compliant – yes or no?
A blockchain provider contradicted itself when asked by Internet of Business about its banking solution's GDPR compliance. The company's response reinforces the complexity of...
Blockchain threatened by “irreconcilable” differences with GDPR
UPDATED. Malek Murison and Chris Middleton explore why blockchain plus GDPR replaces a storage box with a Pandora's Box of complexity and problems. Make...
Japan’s biggest bank to launch blockchain payments network
The Mitsubishi UFJ Financial Group (MUFG) has announced the design and deployment of a payment platform based on blockchain technology, in partnership with US cloud...
Mobile banking to overtake online by 2019
NEWSBYTE: UK consumers are increasingly turning to mobile banking, ahead of banking online via their computers, according to a report by industry analyst CACI.
The...
Banks’ use of AI, blockchain, cloud is systemic risk, warns industry
Banks’ rising use of AI, cloud technologies, and blockchain challenge traditional notions of risk and risk management, according to a new research paper from...
Crypto investment bank opens in Hong Kong
Crypto investment bank and asset management company Clipper Coin Capital (CCC) has launched in Hong Kong this week. Its digital token CCCX is now...
Fintech: JP Morgan Chase hires head of AI research
NEWSBYTE JP Morgan Chase is signalling a move deeper into artificial intelligence by hiring a head of AI research – a new role within...
AI set for mass adoption by financial services sector
Over the next few years, AI will bring about game-changing developments for the banking sector, reports Scott Thompson.
“I do not see AI technologies currently...