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
Banking
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
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
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
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
