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
Latest Articles
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
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
