The world’s second-biggest economy will grow faster than previously predicted over the next four years, but the rate is unsustainable unless China addresses the problem says the International Monetary Fund.
Many banks around the world, large and small, continue to experience major security failures. Biometric systems such as pay-by-selfie, iris scanners and vein pattern authentication can help.
Politicians have united in urging the Reserve Bank of Australia to lend its backing to the digital currency by officially recognising it.
The statement issued by the bank also suggests that fiat currencies are superior, due to their price stability.
In the competition between EU financial centres to attract business from London post-Brexit, Frankfurt has already scored several significant wins.
The banking industry will meet the challenge of the new era introduced by Europe’s Payment Services Directive, but it is up to its individual members to determine whether they sink or swim.
Treasuries should review foreign-exchange risks weekly or even daily as the euro rises further against the pound and dollar, industry experts have argued.
The US bank, which already has 350 employees based in the city, will transfer some trading activities currently undertaken in London and create a further 150 to 250 jobs according to reports.
While offering a range of benefits, smart contracts also present users with major challenges and won’t fix inefficiencies in a company’s supply chain.
The new era of open banking, payments automation and improved customer experience were all high on the agenda over the three-day event in Copenhagen.