Technology

Ant Financial Launches B2B Fintech Suite With Blockchain, AI Solutions

Ant 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.

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Global Standard for Crypto AML in the Works

The 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.

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Financial Industry Standards Body Releases Rules Aimed at Tightening Mobile Security

Mobile 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 […]

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Will BoA Give B2B Mobile Wallets a Boost?

Polished 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.

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US Financial Giant PNC to Use Ripple Technology for International Payments

PNC, which is ranked among the top ten U.S. banks, will use RippleNet to process international payments for its customers, Ripple announced Wednesday, September 19. As Reuters reports, a particular PNC unit Treasury Management will use Ripples blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients.

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Banks, Traders Launch First Commodities Blockchain Platform

Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday. The platform will be run by a venture called komgo SA, based in Geneva, Switzerland, and is due to go live later this year.

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Banks Step Up to the Fintech Threat

Winning, or even succeeding, in today’s global market requires a new set of tactics. Manoeuvring through the rapidly changing landscape demands a wider and yet more detailed map. Gone are the days when providing a faster, better, cheaper solution is all it takes to stay ahead of the competition.

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Payments Innovation for Financial Inclusion

According to World Bank data from April 2018, the number of unbanked adults has fallen to 1.7 billion from 2.5 billion in 2011 and is continuing to fall, even taking into account population growth1 . Since 2011, an additional 1.2 billion people have connected to the financial system for the first time, half a billion […]

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A Third of Banks Expect to Hold Cryptocurrencies on Their Balance Sheets

I received a really interesting report from the law firm DLA Piper last week. The report is focused upon how blockchain is changing the financial services markets around the world, with the aim of establishing the position of major financial institutions with regards to cryptocurrencies and the use of blockchain in their daily operations.

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Point of Sale Attacks Are a ‘Point of No Return’

An onslaught of cyberattacks are targeting point-of-sale (POS) systems from restaurants and retailers so cybercriminals can easily steal credit card information to illegally buy goods and services online. It is one of the largest piggy banks that cybercriminals take full advantage of.

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VIDEO: Digitalization’s Impact on Staffing (It Depends Where You Sit)

Shifting to digital processes requires rethinking staffing levels and responsibilities. Mid-America Mortgage CEO Jeffrey Bode outlines how his company has adjusted. The mortgage industry is in the midst of game-changing innovation.

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Fidelity CEO Hints at Blockchain and Crypto Products

Fidelity Investments is cooking up more blockchain and cryptocurrency-related products and services, with a goal of rolling some of them out in the next few months, according to CEO Abigail Johnson.

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