The Monetary Authority of Singapore (MAS) is piloting a national know-your-customer (KYC) utility for financial services, based on the MyInfo digital identity service, jointly developed by the Ministry of Finance and GovTech, the lead agency for digital and data strategy in Singapore.
British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry.
24 March 2017 | 0 | 2 | 7
A team of heavyweight financial services industry execs, led by Bank of America and capital One veteran Rob Habgood, are launching a consumer credit card business.
Nordic payments processor Nets is enlisting the help of distributed ledger technology specialist Chainalysis to help it ensure virtual currency transactions comply with anti-money laundering rules.
Bank of Ireland is kicking off the second session of its annual incubator programme to support innovative startups in the West of Ireland.
Swiss Financial infrastructure operator SIX is to use the cognitive computing ability of IBM Watson to build a new cyber-security hub to help banks comply with Swiss privacy laws and regulations.
Features and analysis
UWIN Corp, a company founded by MIT Media Lab entrepreneur in residence and former Wells Fargo technologist Julius Akinyemi, has been given a mandate by the Cameroon government to implement a mobile-based commodity exchange.
Samsung is bidding to expand NFC payments beyond phones to a host of wearable devices by teaming up with POS manufacturer Ingenico and app developer Smartlink to launch the Contactless Companion Platform (CCP).
A Russian hacker accused of helping to develop and maintain the notorious Citadel malware toolkit, which was used to steal more than $500 million from bank accounts, faces up to 10 years in a US prison after pleading guilty to computer fraud.
Royal Bank of Scotland is closing another 158 UK branches, with the loss of hundreds of jobs, citing the "dramatic shift" in how people bank in the age of mobile and online services.