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.
Global regulatory bodies are calling for increased scrutiny of credit offerings from fintech-based alternatives to traditional banks.
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.
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.
The EU's financial service head Vladis Dombrovskis is calling on the European Banking Authority to revisit its proposed ban on 'screen scraping' under the revised Payments Services Directive (PSD2).
Tandem appears to be pivoting from its original mission to launch a new app-driven saving bank in the UK, changing its name at Companies House from Tandem Bank Limited to Tandem Money Limited.
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.