digital-banking
BankingWhy Are Banks Falling Behind on the Competition for International Bank Transfers?
BankingBuilding a Digital Bank
FinancePreventing Fraud Amidst the Great Payments Disruption
BankingHow Have the Preferences of Financial Services Clients Changed in the Past Few Years, in Terms of How They Prefer to Interact With Their Banks?
Tackling Fraud: What You Need to Know About Permissioned Co-Banking
Date: April 28, 2022
By Dr Rachel O’Connell, CEO, TrustElevate, and Aebha Curtis, senior policy and regulatory affairs specialist,TrustElevate The advent of open banking applications heralded a more FinTech-friendly, technologically enhanced financial ecosystem. But what do these APIs mean not only for the future of banking but also for future generations? In the open banking system, financial institutions’ data...
Enabling a Digital Banking Strategy With Cloud
Date: April 28, 2022
By Jon Capetz, Strategic Business Consultant, Genesys The way in which customers interact with banks has transformed in the past two years. At the beginning of the pandemic, customers needed access to banking services, from mortgages and loans to savings and investments, while doing so entirely from home. This required banks to quickly act and...
Spending Drive Knocks Spotify Shares After Q1 Beat
Date: April 27, 2022
(Reuters) -Spotify Technology said currency moves and a big increase in hiring would push it to an operating loss in the second quarter, sending the streaming giant’s shares down 11% on Wednesday despite a forecast-beating rise in first quarter revenue. The company predicted it would make an operating loss of 197 million euros ($208 million)...
When Does Cyber Crime Become Fincrime? And What Are the Consequences?
Date: April 21, 2022
By Taylor Humphreys, FinCrime Threat Intelligence Analyst at BAE Systems Cyber crime as a mechanism to commit financial crime (fincrime) has escalated in the last decade as the digital age has grasped our lives. The complex interplay between cyber crime and fincrime is becoming more visible, with countries such as the UK raising cyber crime’s...
Will Banks Embrace Decentralised Finance?
Date: April 20, 2022
As decentralised finance (DeFi) evolves, it is attracting the attention of traditional (centralised) banks. Here Rivo Uibo, Co-founder and Chief Business Officer at Tuum explores the rise of cryptocurrencies and DeFi and looks at why and how banks are beginning to get involved and the potential gains to be had by banks’ involvement. The last...
How to Defend the Financial Sector Against Cybersecurity Threats
Date: April 19, 2022
By Moshe Hayun, threat intelligence team leader at Deep Instinct The financial sector is going through a period of rapid innovation. Crypto, open banking and the digital payments revolution are reshaping the industry, offering consumers and businesses exciting new capabilities. However, the new dawn has a dark side. Cybercriminals are innovating just as quickly as...