International

With billions being spent to detect, report and investigate banking transactions that might be connected to illegal activities, many are examining how machine learning and artificial intelligence could reduce costs …

As financial institutions seek to introduce artificial intelligence solutions, they need to find qualified specialists capable of completing this work. Large financial institutions are creating teams of strong mathematicians and …

As artificial intelligence becomes one of the most popular buzzwords circulating in tech and business circles, one thing is frequently overlooked — the human cost. Although artificial intelligence is expected …

Vikram Pandit, former head of Citigroup financial corporation, believes that, in the next five years, automation, artificial intelligence and machine learning are expected to significantly reduce the need for human …

HSBC Bank, one of the largest in the world, has engaged an American artificial intelligence startup, Ayasdi, to develop technology to automate banking investigations into money laundering. Once developed, the …

Mastercard has tested and validated its own blockchain and will be opening access to it via a set of three APIs published on the Mastercard Developers website. The APIs include …

The head of the International Monetary Fund (IMF), Christine Lagarde, believes that bitcoin and other cryptocurrencies do not pose a threat to central banks and traditional currencies. Moreover, she has …

Markswebb has prepared the Mobile Banking Rank CIS 2017. The study evaluated 86 mobile applications of 41 banks on both iPhone and Android devices, evaluating how easily users can manage …

The Efma–Accenture Banking Innovation award program is an initiative program aimed at identifying and awarding the most innovative projects in retail banking at a global level. The program, now in …

Mobile wallet use is growing. Most consumers (65%), however, want one payment application on their phone, and most would prefer that that application be from their bank. This presents a …

The annual Visa Digital Payments Study has found that 77% of Europeans now use their mobile devices to keep track of their finances and make everyday payments. 62% use a …

The website Future banking recently conducted a review of the development of mobile banking in Azerbaijan, Belarus, Georgia, Kazakhstan and Ukraine. The trends in these countries revolve around mobile electronic …

Many banks are now moving to self-boarding for corporate clients in regards to their online account accesses and privileges. Self-boarding allows corporations to set up their own users for their …

Customer-driven card-control systems are starting to become more popular. They also provide greater security and a way for customers to control their payment instruments via one smartphone-ported application. Specifically, card-control …

Alfa-Bank has stopped development on its internet banking to focus solely on the development of mobile banking as more and more users increasingly use that service. The bank’s concept of …

Once seen as a disrupter, Fintech is now being embraced by many traditional banks as the fast-track to digital and cultural transformation that is necessary to attract and keep customers …

The automated teller machine (ATM) turned 50 years old this June. In celebration of its 50th anniversary, here are little-known facts about the ATM: The first “cash-dispenser” was installed in …

What if, in the not-too-distant future, there won’t be enough jobs for people? Some economists believe that, as robots and artificial intelligence become increasingly capable of performing tasks, there will …

The most recent Ernst & Young survey of more than 22,000 digitally active consumers highlights the impressive and rapid growth of the adoption of fintech and its variations within 20 …

When first encountered, blockchain can seem like a complex concept to understand; however, simple words and common associations can help overcome that complexity and make blockchain into something that can …