A year after the official launch of chip payment technology in the US, Visa is claiming steady progress, with the country already its largest EMV card market and fraud rates falling sharply.
IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.
The Securities and Exchange Commission has fined Merrill Lynch $12.5 million for ineffective trading controls which led to a series of "mini-flash crashes".
Asset management professionals continue to prioritize back-office automation and managing increased regulatory reporting, according to the 2016 Asset Management Industry Trends Survey released today by Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting.
A groundbreaking partnership between DCMS, GCHQ and the nation’s top tech start-ups to develop new technologies aimed at protecting the UK from cyber attacks has been announced.
In the wake of the $81 million Bangladesh Bank hack, the Committee on Payments and Market Infrastructures (CPMI) has set up a task force to look into the security of wholesale payments that involve financial institutions.
Brits are nearly twice as likely to trust banks to store and keep safe their biometric information as they are to trust government agencies, according to a survey from Visa.
As regulators focus more on risk data aggregation, bankers would be well advised to devote more time and resources to RegTech and other next-generation systems. That’s according to a new white paper by Wolters Kluwer’s Finance, Risk & Reporting business.
