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Tag Index  /  Showing 1 - 6 of 6 results for “banking”

Business Finance

Why the Finance Industry is Ripe for AI Disruption

The financial sector is on the brink of an AI revolution. Data is being generated faster than any person or companies’ ability to analyze it. And industries that run on numbers and data are at risk of being overwhelmed. But this new AI platform can create simple narratives and actionable analyses.   More

Business Finance

Faced With Impending Disruption, the Financial Ecosystem Must Change

The world is buzzing about fintech and the impending disruption in the banking industry. Smarter technology companies are attempting to give customers quality service and an experience that’s relevant to the world in which they live, and big banks are being left behind. The speed of innovation might surprise all of us.   More

Business Global Tech

Tencent Beats Alibaba to Banking License

Earlier reports of e-commerce leader Alibaba’s strong political ties appear to be overstated, following word that archrival Tencent has become the first of China’s major Internet firms to win a highly sought banking license. Both companies had been aggressively expanding into financial services over the past year, though each was reliant on partnerships with other companies that already had licenses to offer services in the highly regulated sector dominated by big state-run companies. But now Tencent will be able to offer many of those services on its own, following this ground-breaking award of a license from the nation’s banking regulator.   More

Finance

Cyberthreats to Bank Accounts on the Rise

On the same day that news broke that 40 million customer account records were stolen from retail giant Target, the regulator of the nation’s largest financial institutions warned that customers’ financial information is increasingly under assault in their banks as well. The Office of the Comptroller of the Currency on Thursday, in its Semiannual Risk Perspective, warned that “Cyberthreats continue to increase in sophistication and frequency.” The agency noted, “Known impacts include … identity theft, fraud, and theft of intellectual property.”   More

Finance Techonomy Events

Why Disruptive Change Points to a New Humanism in Banking

Value is being redefined, and many are rethinking what constitutes real wealth and well-being, beyond money and GDP. We have to rethink how we measure wealth. Robert Kennedy said: “GDP measures everything ... except that which makes life worthwhile." Happiness indicators like Bhutan’s Gross National Happiness, the OECD’s Better Life Index, and the UK’s Happy Planet Index are already helping the world define well-being and wealth beyond money.   More

Finance Startup Culture

Agile London Startups Give Banks a Run for Their Money

Refugees from London's financial sector are flocking to the the city's burgeoning startup scene, launching lean, Web-based companies that capitalize on public mistrust of banking institutions, and use tech tools to trim costs and improve customer service.   More