Fed #payment #experts think the central bank #should build and operate a real-time #payments network to provide competition to the TCH network operated by the largest #banks.
Financial Technology
Cyber and security professionals showed a charming willingness to provide personal information to a #fake #company with a fake #product set up for International #Fraud Awareness Week.
Financial Technology
EXCLUSIVE—#Marketplace lending survived 2017 with many of its advantages over traditional balance sheet #lenders intact, including its embrace and use of new digital technologies for lending and underwriting. With marketplace lenders enabling a borrower to apply for a loan via a mobile device from the comfort of their own home (rather than standing in line […]
Bank Innovation
The #National #Bank of #Australia (NAB) will create 600 new #technology jobs. This announcement comes just a few weeks after the bank said it was cutting 4,000 jobs. The new job additions will help the bank build its #tech presence in order to efficiently #compete with the burgeoning #fintech #industry, NAB said. According to reports, […]
Bank Innovation
EXCLUSIVE — When it comes to #blockchain, #lenders need to stop thinking about smart contracts and start thinking about #identity, according to industry #experts. “To get an identity verified, to get an organization to service you, it can be a lot smoother, it can be more secure, and you can be more in control of […]
Bank Innovation
Innovation is all well and good, so long as it keeps banking simple. Most financial institutions are now at the stage where “anticipating the customer’s need” is a critical step towards creating that #simplicity, whether it’s for mobile banking, payments, or other daily banking tasks, according to Andy Hernandez, executive vice president and head of […]
Bank Innovation
It’s decided: 2017 is (or should be) the year the #blockchain proof-of-concept dies—and is replaced by tangible, functioning products, according to industry #experts. “What I said for 2017 was, I want to go from [blockchain] evangelism to execution—I want to go, as I call it, from the lab to the factory,” Dion Lisle, head of #fintech […]
Bank Innovation
#Chatbots and AI—what makes them so engaging? How can #banks and FIs utilize bots to improve the relationship with consumers, while driving engagement? This was the penultimate question during the Bank Innovation Twitter Chat today. We’ve summarized some of the best responses, and most intriguing questions, below. #Experts weighed in on whatRead More
Bank Innovation
Ever since Walmart announced its planned #acquisition of #Jet.com, the online shopping platform headed by Quidsi founder and #Amazon challenger Marc Lore, there’s been speculation over whether the physical retailer will actually be able to offer Amazon.com some healthy competition in the ecommerce sector. However, despite the overall positive (though not fantastic)Read More
Bank Innovation
#Security #pioneer #John #McAfee is building an advisor #board of #blockchain #experts as part of his latest venture.
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