Month: December 2019

Explore the RegTech Revolution

Apple offers $1million prize to hackers who can find security holes in Apple Watch, iCloud, and other devices

Apple has officially launched an its-device wide hacking bounty The program offers a range of cash prizes for people who find security flaws  Covered devices will include Apple Watch, iPhone, iPad, Apple TV, and iCloud Today, Apple officially opened a hacking program that will pay people who discover bugs and security holes in the company’s…
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23rd December 2019 0

Temenos adds wealth management apps to Temenos Infinity for Retail Banking

Temenos adds wealth management apps to Temenos Infinity for Retail Banking, broadening services to increase retail banks’ competitiveness Robo-Advisor and Goal-Based Investing bring a fast-to-market, personalized, digital wealth experience to retail banking customers GENEVA, Switzerland – December 18, 2019 – Temenos (SIX: TEMN), the banking software company, has strengthened its cloud-native, cloud-agnostic Temenos Infinity for…
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19th December 2019 0

Security in the supply chain – a post-GDPR approach

A year and a half after the introduction of the EU’s General Data Protection Regulation, Fieldfisher’s James Walsh reviews the fundamentals of supply chain security. Not that long ago, businesses were rushing to put in place contractual terms with their processors to comply with the General Data Protection Regulation’s (GDPR’s) requirements for the appointment of…
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18th December 2019 0

Are the fintech bridges working?

Following the launch of the UK’s first international partnerships aimed at kickstarting fintech growth, industry leaders question whether they have lived up to expectations. When the UK government announced a series of so-called fintech bridge agreements, it hoped to help firms do business in other international financial technology hubs. Three years later and fintech bridges…
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17th December 2019 0

Tech Entrepreneurs to Face More Regulatory Scrutiny in 2020

When Facebook CEO Mark Zuckerberg testified before Congress last month, he claimed that Libra as a global currency would solve major problems including banking the unbanked, lowering the costs of international payments and speeding up transactions. However, most politicians in the U.S. and abroad are resisting Facebook’s proposed payment system, calling it a threat to national sovereignty,…
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16th December 2019 0

EU Agrees Steps Toward Tighter Money-Laundering Supervision

European Union finance ministers on Thursday backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money flowing through European banks. The EU last year experienced its largest money-laundering scandal when it emerged that 200 billion euros ($220 billion) in suspicious payments were made between 2007…
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13th December 2019 0

BIS wants central banks at center of digital cash revolution

Central banks must embrace the revolution underway in digital money to ensure they remain at the heart of the global payments system, according to the head of the Bank of International Settlements. Agustin Carstens’s argument is that while the private sector “excels at customer-facing activity,” central banks provide the basis for trust, ensure liquidity and…
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12th December 2019 0

Greentube partners with CashBet Coin for CBC cryptocurrency expansion

https://www.paymentexpert.com/2019/12/10/greentube-partners-with-cashbet-coin-for-cbc-cryptocurrency-expansion/?utm_source=dlvr.it&utm_medium=twitterGreentube has united with CashBet Coin to offer CBC cryptocurrency as a payment method across its B2C social casinos. The deal comes off the back of the successful integration of Greentube’s flagship social platform, GameTwist and allows customers to purchase credits using CBC across its collection of over 400 casino games. Ronald van den Brink,…
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11th December 2019 0

Inequality, Climate Change And The Role Of Central Banks

What do interest rates and bank regulations have to do with social justice and environmental decay? Potentially, quite a bit. Central banks can and should pay close attention to key issues like income inequality and climate change even if these fall outside their traditional mandates, argues Patrick Honohan, former governor of the Central Bank of Ireland, in a recent…
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10th December 2019 0

Welcome to the Google Bank – Your Everyday Banking from Google, NOT a Bank.

Google is the latest tech company trying to get a stronger footprint into financial services. The project is codenamed Cache, and the Alphabet subsidiary is expected to launch a checking account sometime next year. The accounts will be managed by Citibank, and a small credit union at Stanford University. According to Google, Citibank will handle the financial plumbing. In this regard, is…
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9th December 2019 0