UK banks and the wider financial services sector in the UK are taking measures to protect their employees’ mental health, according to Mental Health First Aid England.
The new regulation indicates increasing market maturity and creates a higher bar for compliance, levelling the playing field.
Many banks are struggling to meet the deadline for adoption of ISO 20022 for cross-border payments.
Crypto opportunities and greater UK-focused regulation lie ahead as the UK Financial Services and Markets Bill clears the last hurdles.
Declining risks in the provision of digital business loans will help them flourish.
Robust cloud-based payments systems are seen as a crucial way for incumbent banks to compete more effectively with fintech start-ups.
A start-up mindset and patents fuel a culture of innovation at Bank of America – a working environment that will become ever more important for banks as CBDCs gain prominence.
Unveiled at Davos, UDPN, a global messaging network supporting digital currency systems, has already been tested by several leading banks.
Allianz Trade, Santander CIB and B2B e-commerce platform Two have expanded their buy now, pay later service to enable payments for large retailers.
An investigation into allegedly unfair interchange fees charged by the two main card providers in the UK has been launched with a focus on driving down costs that are stifling the innovation of fintech start-ups.
UK banks sign up to female tech talent initiative Code First Girls.
Cyber attacks against banks are at record levels globally and rising sharply, according to several recent reports.
The corporation worked with the Digital Dollar Project and Accenture on the wide-ranging white paper.
Coupling blockchain systems is a breakthrough that will bring with it improved efficiency and ease of use, but for now it is a benefit for bank treasuries alone.
A report reveals the great opportunity for newcomers to address the unmet needs of the region’s unbanked, amid expectations for massive expansion of the fintech sector in the coming years.
Allegations of the use of unclear and misleading terms in consumer contracts could lead to similar cases by other regulators, suggesting other financial services providers should review their own wording.
Including the offshore yuan in its blockchain system is just one of HSBC’s latest developments.
Since the days of lockdown, picking the right strategy to hire and keep high-calibre fintech staff has been a tough call, irrespective of geography.
Open banking technology shows great promise but is being underutilised, especially when it comes to sharing data within banks themselves.
Boosting interoperability and speed while cutting risk, wholesale CBDCs would be a boon for cross-border settlements but are still very much in the experimental phase, making co-operation between central banks vital for success.