The software’s security has been questioned after a BBC reporter and his non-identical twin brother successfully bypassed it.
The mobile phone’s capabilities are finally going beyond just balance information and approvals to provide more of the solutions that treasurers and CFOs actually need.
Rise, the bank’s financial technology arm’s innovation division, said the London space will host a range of fintech start-ups.
A credit card with a built-in fingerprint scanner rather than a PIN or signature to authorise payment is currently being trialled in South Africa.
Regulation technology, aka regtech, is increasingly sophisticated to help Europe’s financial services sector in continuing to comply with new regulatory challenges - not the least of which is MiFID II.
Regulation is ever-evolving and the penalties for non-compliance are becoming more punitive. This means that regulatory technology (regtech) is an essential tool in mitigating risk.
A US survey finds that they recognise the benefits of the new payment technologies, but also have concerns over cost and compatibility.
The new tool, which had input from financial institutions, insurers and environmental experts, considers drought scenarios in Brazil, China, Mexico and the US.
The virtual currency has blazed a trail, but rather than bitcoin it’s more likely that banks will use their own cryptocurrency as the agent of change.
With several countries vying for the distinction of being the first to abandon notes and coins, is the final demise of cash now just a matter of time?