Cybersecurity risk not to be underestimated
While climate changes remains a top concern globally, the possibility and impact of cybersecurity threats should not be misjudged, said John Drzik, ... read more
JPMorgan: US banks to adopt standard API
The US retail banking space will see a market-led move towards a standard API according to JPMorgan’s managing director of digital platforms, ... read more
ECB warns commercial banks of digital currencies’ impact
Commercial banks must learn to adapt to a new dynamic in the payments world where impressions are being made by cryptocurrencies and ... read more
SCA Q&A: Director of acquiring Barclaycard Payments, Paul Adams
The market breathed a collective sigh of relief when Europe’s Strong Customer Authentication (SCA) provision enforcement deadline was delayed until December 31, ... read more
People moves: Provident, DailyPay, BGC and more
Provident Financial announce new CFO appointment Consumer finance firm Provident Financial has appointed Neeraj Kapur as its new CFO. Kapur will be ... read more
Travel payments predictions 2020
By Jeremy Dyball, head of commercial, payments, Amadeus Just a few years ago it was customary to pay for travel with cards, ... read more
Q&A: Bitmart CTO’s predictions for the crypto market
Vincent Gu is the co-founder and chief technology officer of BitMart, a digital asset trading platform. Recently, he has shifted his focus ... read more
Facial recognition options growing despite early perception hurdles
Facial recognition technology in payments may soon become a reality in Europe, but questions have been raised over trust and security. “[Speed ... read more
CMA9 may have slowed Open Banking adoption
The UK’s Open Banking initiative has suffered thanks to the number and scope of the institutions at its backbone, according to a ... read more
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
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Banks looking for cultural alignment with fintechs
“I understand in the past there was that fear – Are the fintechs that are emerging going to be competitive to us?” ... 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
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
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
