The continual spread of Open Banking means that regulators and merchants in various markets are becoming more aware of the critical importance of security as data speeds increase. One of the more intriguing markets moving forward with financial innovation is China, where regulators have upgraded...
Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR) and the revised Payment Services Directive (PSD2). Some companies have been able to adjust quicker than others, leading to the...
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate to promote financial innovation. According to a press release covered by Finextra, the memorandum of understanding (MoU) was signed on...
Financial Innovation Now (FIN) submitted a public letter in December, contending that the Fed was best-positioned to operate a ubiquitous, interoperable real-time payments network. Innovation, flexibility and agility helped drive WEX’s acquisition of Discovery Benefits, Inc. (DBI). Mobile is expected to comprise more than half of eCommerce in...
May 29, 2024
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence, digital money issued by a sovereign bank can effectively settle in near real-time using distributed ledger technology (DLT). That fact alone could change a lot […]
May 15, 2018
Top-performing FIs foster a culture of innovation that helps them lead the way in customer relationships — the sticky kind — as noted in our latest Data Drivers. Technology is...
May 15, 2019
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced on Wednesday (May 15) that they have inked a deal to collaborate to promote financial innovation. According to a press release covered by Finextra, the memorandum of understanding (MoU) was signed on May 12, 2019 between Norman Chan, chief executive of the […]
April 05, 2016
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing...
March 29, 2016
Among the top banking regulators aiming a regulatory salvo at the FinTech sector: the Office of the Comptroller of the Currency. As reported by The Wall Street Journal on Monday (March...
