Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are holding back innovation. Read more
The U.S. Secret Service this week issued an alert to banks warning banks about an ATM exploit known called “jackpotting.” Continue reading
TOKYO, JAPAN (OCTOBER 31, 2017) (TV TOKYO) – Bank of Japan Governor Haruhiko Kuroda on Tuesday (October 31) laughed off the notion that researchers can use artificial intelligence to analyse his facial expressions and predict changes in monetary policy.
Artificial intelligence researchers in Japan say they’ve found a way to predict major policy shifts from the country’s central bank by analyzing split-second changes in the facial expression of its governor, Haruhiko Kuroda. Julian Satterthwaite reports. Continue reading
September marks 10 years since Barclaycard introduced contactless payments to the UK. As Kate King reports it’s since expanded to include wearables and mobilepay – bringing the idea of a cashless society one step closer. Continue reading
The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.
Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading
The U.S. Senate is expected to confirm former Wall Street banker Steven Mnuchin as Treasury Secretary.
The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase. Here’s a look at the U.S. Federal Reserve’s decision-making process. Travis Hartman reports. Continue reading
The Federal Reserve’s second-in-command, vice chairman Stanley Fischer, warns against “inviting further trouble” by eliminating some of the so-called Dodd-Frank financial regulations. Jeanne Yurman reports. Continue reading