All content with RSS
From banknotes, cards and mobile payments to cryptocurrencies and, more recently, Central Bank Digital Currencies (CBDCs), the world is witnessing breakthroughs in financial technology.
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, Islamic team have participated in The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) workshop, the leading international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance industry.
EQ Bank, the digital arm of Canada's Equitable Bank, has moved its entire core banking system to the cloud.
The challenger brand says the shift of its architecture to Microsoft Azure will reduce overheads and ready the bank for up-an-coming innovations in open Banking.
The move is supported by long-term technology partner Temenos and will utilise the Swiss supplier's cloud-native T24 Transact product.
ABN Amro is discontinuing its Wallet app for Android smartphones as too few customers use the device to make payments.
The decision to ditch the inhouse wallet comes just a month after ABN Amro rolled out Apple Pay for contactless payments on iPhone, Apple Watch, iPad and Mac.
The Android app will continue to function for two months, before being switched off by the bank.
Royal Bank of Canada (RBC) is joining forces with Western University on a programme exploring the ethical and social aspects of data analysis and AI.
Professionals will need to learn data science skills to do their jobs and help their companies thrive in the next decade, say business leaders.
Most managers believe data analytics, automation and AI will be essential for business survival in the coming years yet lack the necessary knowledge that underpins it, according to MHR Analytics research.
Say goodbye to manually saving (and spending) your money - and say hello to auto-saving and auto-spending with Flow.
Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.
CaixaBank and Salesforce, the global leader in Customer Relationship Management (CRM), have reached an agreement for the joint development of technological innovation for financial services.
