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.
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.
New research from Finextra finds that banks must re-evaluate their role in the payments industry due to growing demand from digitally driven customers, new regulation, pioneering technology and the need to prioritise innovation over legacy.
The central banks of the G20 countries should set up a blockchain consortium to study the technology, investigating areas such as the creation of digital national fiat currencies, says a report from the Centre for International Governance Innovation (Cigi).
Overcoming security concerns, the majority of financial services firms in the US and Asia Pacific have embraced cloud technology, won over by the potential for massive cost savings, according to research from IDC Financial Insights.
Britain will finally be cashless by 2043, at least that's what an online casino is betting after examining paper money's form.
2016 saw a big increase in financial phishing and banking malware, with crooks particularly targeting Android users, according to cybersecurity specialist Kaspersky Lab.
Funding for fintech companies around the world plummeted in 2016, with American and European firms experiencing a particularly sharp drop in investment, according to a report from KPMG and PitchBook which nevertheless predicts a bumper 2017.