HSBC has issued its first yuan blockchain-based letter of credit transaction, Reuters reported. The move is significant progress in the use of the Voltron trade...
Consumers who are accessing multiple connected devices want to enjoy seamless authentication experiences across them — they want their data and online activities synchronized regardless...
The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work toward remaining compliant.
Seemingly legit businesses are often used to mask illicit operations banking on human trafficking, sometimes leading FIs to unwittingly support the practice. In the latest...
Recent innovations in artificial intelligence (AI) have given financial institutions (FIs) the ability to fight fraud and better serve their customers. As of late, FIs...
For United Nations staffers stationed far and wide, transmitting funds to family or paying bills cross-border is a common challenge. These scenarios might throw traditional...
Credit unions (CUs), by default, are cooperative in nature. Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and...
United Nations (UN) chief António Guterres has warned staff and member states that it is running out of cash. In a letter, he urged countries...
Financial firms are investing $1.7 billion annually on blockchain technology per research from Greenwich Associates, Bloomberg reported. The research group also found that firms increased their...