Illegal data usage going undetected in financial services
Detecting illegal data usage is a serious concern for financial services, according to a panel of market participants at FinTech Connect in ... read more
Banks urge collaboration, not competition
Over-competition is likely to inhibit customer experience according to a number of incumbent banks. “I think sometimes when there are inefficiencies in ... read more
People moves: Revolut, Hive, HSBC and more
Hive Blockchain appoints new director Canada-headquartered crypto-currency firm HIVE Blockchain Technologies has announced the appointment of Dave Perrill to its board of ... read more
MEP Ferber: ECB digital currency should not lead to cashless future
Digital currency taking over cash’s place “is a very dangerous notion and should be abandoned,” according to European Parliament member Markus Ferber. ... read more
ECB suggests digital currency developments
Benoît Coeuré, member of the executive board of the European Central Bank (ECB), has suggested that the central bank is considering launching ... read more
Open Banking raises fraud liability concerns
Banks and third-party providers may suffer from ambiguity in fraud accountability, according to members of the Open Banking scheme. Rachel Gentry, information ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
The road to quantum computing
The idea of quantum computing has been discussed in scientific quarters for some years yet the technology remains in its infancy. But ... read more
People moves: OakNorth, Bank of Ireland, TransUnion and more
OakNorth appoints Google executive, Sunil Chandra as its CEO London-based credit platform OakNorth announced on October 7 the appointment of Sunil Chandra ... read more
Rising to the challenge of global B2B payments
By Alan Koenigsberg, global head of new payment flows, Visa Business Solutions International businesses today increasingly expect global access to finance in ... read more
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Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Airlines have “no excuse” for missing new PSD2 deadline
There is no excuse for airlines not to have their core strong customer authentication (SCA) technology in place in 15 months, says ... read more
Kotecha: Libra requires greater infrastructure to help unbanked
There is “no way in hell” that Libra will solve the problem of banking the unbanked, says Nish Kotecha, co-founder of Finboot. ... read more
European fintechs need regulatory harmonisation
European fintechs are being hindered by diversity of regulation, according to Benoît Legrand, chief innovation officer at ING Bank and chief executive ... read more
Data sharing mechanisms and standards crucial to open banking
The market’s ability to utilise APIs to allow data to flow systematically will be crucial to the success of global open banking ... read more
Corporate level backing required for successful fraud prevention
Ensuring fraud prevention strategies are implemented across banks operations requires buy-in from corporate management, according to Rob Rendell, global client success leader ... read more
Bank and FI business models increasingly favoured by cyber criminals
Banks and financial institutions are becoming more exposed to cyber crime and fraud as business models change and they work with more ... read more
Calibra welcomes G7 attention
Calibra associate general John Muller believes a G7 working group report – which recommends close scrutiny of digital currencies’ cross-border impacts – ... read more
