Global regulatory bodies are calling for increased scrutiny of credit offerings from fintech-based alternatives to traditional banks.
With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand.
JPMorgan is to use technology from the company behind the Zcash digital currency to add a new layer of privacy protection to users of its enterprise-grade Quorum blockchain platform.
Barclays Bank has reportedly beefed up e-mail security after a prankster impersonating the bank's chairman John McFarlane duped embattled CEO Jes Staley into a cringe-worthy exchange of views which showered praise on the top boss for his continued support.
Citi is providing financial resolution for secondary market transactions conducted over Nasdaq's Linq Platform, using distributed ledger technology from Chain to address the challenges of liquidity in private securities by streamlining payment transactions between multiple parties.
Corporate support for the Enterprise Ethereum Alliance is gathering momentum, with 86 new companies adding their weight to the initiative to promote the uptake of Ethereum as the foundation for running smart contracts in Fortune 500 enterprises
Efforts by IT security researchers to get to the bottom of the recent ransomware attack have been hampered by an inability to find early traces of the so-called WannaCry strain, according to research commissioned by Reuters and conducted by security ratings firm BitSight.
Japan's financial services watchdog is to introduce new rules that will require high frequency trading firms to register with the regulator and demonstrate that they have proper risk management processes in place.
Big data, faster processing and cheap storage make it possible to turn the vision of AI in banking, developed over decades, into reality – today. The technology will only improve, and not engaging now would be to run the risk of falling behind never to catch up, finds a new Finextra research paper.
The US Commodity Futures Trading Commission (CFTC) is setting up a fintech Lab that will work with startups to drag the agency into the digital age.
© Finextra Research 2017