The Bank for International Settlements (BIS) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
To continue fueling its transformation and focus on priorities of a regulatory nature, Wells Fargo has reportedly formed a new office. The Strategic Execution and Operations office, which is led by Derek Flowers, is said to be made of multiple teams, Seeking Alpha reported. Get...
The central bank in Singapore has announced that it will issue five digital bank licenses to eligible applicants, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In light of competition from Facebook and other tech firms and banking firms, the European Union could potentially have a real-time payments system in place by 2020, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...
Most of the insight into credit union spending priorities featured in the PYMNTS/PSCU Credit Union Playbook earlier this year is probably much in line with expectations. Anti-money laundering, data security, mobile/digital payments, fraud-fighting and payment tech rounded out the top five — with each ranking as...
The Bank of England may open its doors to tech companies and payment firms, and the move could potentially boost the U.K.’s $9 billion FinTech sector in the face of Brexit, Reuters reported. Get the Full Story Complete the form to unlock this article and...
Banks are increasingly looking for ways to monetize the large troves of data they hold on customers, be it with credit card sales or offering discounts on a customers’ special interest, like food or fashion, Reuters reported. Get the Full Story Complete the form to...
A disconnect looms in financial services, one that can doom relationships between financial institutions (FIs) and customers from the beginning. Studies have shown that 70 percent of applicants want to open their accounts digitally. However, less than half of traditional FIs are able to let...
A senior policymaker at the Bank of England said a cyberattack by a state actor could corrupt British banks’ records over a period of a few months, and present a risk that banks might not be able to protect against on their own, according to...
