An upcoming event that could boost financial inclusion in Indonesia is ready to kick off on Wednesday.
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.
Addleshaw Goddard is the latest law firm to buddy up to the fintech community, picking seven startups to join a 12-month programme that will include legal advice and mentoring.
Banking cooperative Swift has unveiled a number of initiatives designed to address the compliance challenges facing banks and corporates.
New York's State Department of Financial Services (NYDFS) has re-ignited its war of words with the Office of the Comptroller of the Currency (OCC) over plans to offer bank charter status to qualifying fintech firms.
Scotiabank is to fund a $2 million cybersecurity and financial risk initiative at the University of British Columbia.
The Payment Services Directive 2 (PSD2) represents the biggest change in banking for 700 years, says Patrick Tans, senior general manager banking products at KBC Bank. Speaking at the European Payments Summit in the Hague, Tans said under PSD2, banks will lose the monopoly on customer experience and interaction that they have enjoyed since the 1400s.
Regulatory authorities in Singapore and Abu Dhabi have inked an agreement to support fintech startups entering each territory and undertake joint project on the application of new technologies in finance, including mobile payments, distributed ledgers and big data.
Comptroller of the Currency Thomas Curry says the oversight body will persist with plans to offer banking charters to fintech companies, dismissing criticisms that the agency is over-reaching its authority.
A US Federal Reserve governor has poured cold water on the prospect of central bank-issued digital currencies, saying that they raise serious security and privacy concerns and could become a prime target for crooks.
© Finextra Research 2017