Not so long ago, homebuyers, entrepreneurs and investors went hat-in-hand to the bank to apply for a mortgage, small-business credit line or brokerage account. Financial technology, or fintech, is rapidly changing all that by making it easier to save, borrow and invest online or with a mobile device, without ever dealing with a traditional bank.
Read MoreWhile firms surveyed by PwC are jumping on the blockchain bandwagon, they identify trust as one the biggest blockers to the technology’s adoption.
Read MoreCommercial cards have been a core offering for decades and over recent years this market has undergone significant transformations. Driven by a mix of new product offerings and changing business expectations, commercial card use has risen dramatically.
Read MoreAnt Financial Services Group, the payments and financial services arm of Chinese e-commerce giant Alibaba, has launched a new suite of fintech products and services targeted at financial institutions and banks.
Read MoreThe leader of the global anti-money laundering (AML) task force said he was optimistic that it is closer to establishing worldwide standards that apply to virtual currencies.
Read MoreMobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited Standards Committee X9 Inc., an […]
Read MorePolished shoes and nice jacket? Check. Laptop? Yep. Business cards and document pouch? Got it. Company-issued plastic? Ha Who needs that? A successful business trip depends on preparation, and that includes payments.
Read MoreSame-day ACH payments – introduced for credits in 2016 and debits last year – are gaining popularity with banks and corporations. The success prompted Nacha this week to approve new rules for these payments going into effect over the next two years.
Read MoreThe financial industry has always been a target for cyberattackers. Credit card data, customer information, and the wealth of corporate data available for the taking has ensured that cybercriminals will try, again and again, to compromise companies in the sector. In August, cyberattackers made off with 13.
Read MoreThe wholesale disruption of the payments industry has finally begun. Major banks, credit card companies and financial giants have long controlled payments but their dominance looks increasingly shaky. Since 2014, investors have poured 130 billion into ground breaking technologies like Blockchain and mobile payments.
Read MoreIt’s interesting that the Global Financial Crisis (GFC) sparked by Lehman Brothers collapse in September 2008 sparked the FinTech revolution, according to some. I personally think FinTech was bubbling away before the GFC but, certainly, the GFC led to massive investment focus upon changing the system (almost 100 billion since 2010).
Read MoreIt is hard to miss news of the several funding rounds recently raised by fintech startups in Africa. After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year.
Read MoreJapanese cryptocurrency exchange Zaif has been robbed of $60 million worth of digital coins, its parent company Tech Bureau announced. Zaif was hacked on September 14th during a two-hour time frame. Three days later, it uncovered server problems and began to investigate. By September 18th, it confirmed it was hacked and notified authorities.
Read MoreSingapore’s central bank is counting on blockchain, along with artificial intelligence, to serve as “fundamental” technologies that will help transform financial services, according to a senior official.
Read MoreSeptember 19, 2018 By: Steven Anderson Mobile payments are catching on just about everywhere, and Australia is serving as an excellent case-in-point example.
Read MoreRecent steps by the Congress and the Treasury, Federal Reserve Board, Comptroller of the Currency and the Federal Deposit Insurance Corp. suggest a welcome departure from the trend of one-size-fits-all rules – and a return to principles-based regulation anchored in regulatory common sense and sound financial judgment.
Read MoreAcross North America, policymakers, fintech companies, and financial services firms are finally beginning an earnest dialogue about open banking. The Senate Banking Committee recently touched on the issue at a Sept. 18 hearing – one of the first official discussions in the halls of Congress.
Read MoreThe Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser, citing their goal as gaining bank access to Israeli markets to allow Swiss banks to trade there.
Read MoreU.K. lawmakers have said they want to clamp down on the Wild West cryptocurrency market and prepare Britain as a legitimate home for the trading of digital currencies.
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