APIs drive much of financial services' digital revolution, but studies have shown they could also pose a significant security weakness.
Financial services companies must reckon with a consumer base that is hurting and anxious about what’s coming next and ask: How do we transition from temporary relief to a more permanent financial recovery?
American Banker outlines Amazon’s current offerings in financial services and the recent rumors around new products including checking accounts, small business credit cards and mortgages. Source
The list covers all industries, but includes the fastest growing financial services businesses in Europe; TransferWise came in at #24, reporting 3,392% revenue growth from 2013-2016; the company hired 670 people over the same time period. Source
Uber is working towards offering more financial products hiring dozens of employees in New York; sources say that the team...
Chris Skinner explores quantum computing in a recent blog post; recently scientists found a quantum computer to be 100 million times faster than conventional computers; quantum internet will also have a big impact as it uses quantum signals instead of radiowaves to transmit information; Skinner writes that, “This is important in banking because it could displace blockchain, ledger and digital identity developments within a decade. This is because the quantum internet would excel at sending information securely through what is known as quantum encryption.” Source
Mitsubishi UFJ Financial Group is investing over $700 million into the ride hailing company Grab; along with the investment the...
A recent report called ‘Our Fraud – the Facts 2020’ produced by UK Finance shows just how much fraud is...
[Editor’s note: Bo Brustkern is Co-Founder and CEO of LendIt Fintech and Co-Founder of Lend Core, which operates NSR Invest...
American Banker shares several blockchain projects underway in financial services; Includes JPMorgan Chase’s open source ledger Quoram and initiatives from Northern Trust, ING and the DTCC; while there is a lot of interest in blockchain technology many initiatives aren’t in production; various perspectives are shared in the piece as to why adoption hasn’t taken off. Source