Tag: Finance & Insurance
IBM launches blockchain payment & clearing network for banks
IBM has brought its Blockchain World Wire (BWW) banking payments network out of beta testing and officially announced it to the world.
Blockchain World Wire uses...
SPECIAL REPORT: How A.I. is exploding the Financial Services market
As the World Economic Forum publishes the most extensive and in-depth report yet on artificial intelligence's transformation of the financial services sector, Internet of...
30% of enterprises hit by crypto-mining attacks in past month
Thirty percent of large UK businesses admit to being hit by crypto-mining attacks within the previous month, according to new figures released today.
The research,...
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...
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...
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...
Ben & Jerry’s scoops blockchain carbon trading pilot
What’s being billed as the “world’s first retail platform that connects consumers to their own carbon footprints” has been launched in a pilot programme...
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...
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...
Opinion: Why driverless cars will force an insurance u-turn
Simon Walker, group chief executive of car insurance provider, First Central Group, explores how the market will be forced to change by the arrival...
Retail IoT: PayPal acquires iZettle for $2.2 billion
PayPal has announced that it is to acquire European fintech player, iZettle, for $2.2 billion, in a move that will draw the online payments...
Banking on blockchain: Poland moves 140m credit records onto Billon
Poland has become the first country to move banking records en masse onto blockchain.
Biuro Informacji Kredytowej (BIK), the largest credit bureau in Central and...