Neither IBORs nor RFRs; firms should ready up to work with both types of benchmarks and reference rates for the foreseeable future.  The quantitative finance focused publications of 2019 have highlighted that replacing forward looking term rates (IBORs) with convexity-adjusted overnight rates compounded in arrears (RFRs) could lead to discrepancies with actual market conditions, liquidity issues, or even result in the fragmentation of benchmark rates moving forward. 

Researchers from Intel have published a study examining whether AI can recognise people’s faces using thermal imaging.

Thermal imaging is often used to protect privacy because it obscures personally identifying details such as eye colour. In some places, like medical facilities, it’s often compulsory to use images which obscure such details.

AI is opening up many new possibilities so Intel’s researchers set out to determine whether thermal imaging still offers a high degree of privacy.

Intel’s team used two sets of data sets:

Just five UK banks, two of them challengers, managed a net gain of customers in the third quarter of 2019, according to figures from the Current Account Switch Service.

Cyber security provider F-Secure has won a £25,000 grant to research the security of connected and autonomous vehicle (CAV) networks. The research will leverage F-Secure Consulting’s expertise in securing critical national infrastructure to help the company contribute to the integrity and trustworthiness of the emerging CAV ecosystem.

Visa is taking its 'access to cash' programme industry-wide, working with partner banks to offer high street retailers in remote and rural locations a fee for processing cashback transactions over the counter.

In a high street banking first, Barclays has announced a partnership with Nimbla, a pioneer of single invoice insurance.

Barclays’ one million SME clients will have the opportunity to benefit from the partnership, with the new ability to take out insurance against individual invoices, rather than the whole book.

Bank of Montreal has agreed to buy New York-based trading technology outfit Clearpool Group. Financial terms were not disclosed.

New analysis reveals the top five money transfer markets for UK residents that account for nearly one third of the total sent home

New analysis by Paysend, the UK based fintech, reveals that just five markets account for nearly one third of the total money transferred home from the UK.

Paysend analysed the latest data from the World Bank. It shows that foreign workers, international students and expats in the UK send money to more than 130 countries worldwide.

The biggest event on blockchain, cryptocurrencies, and mining in Europe is taking place at an innovative venue — Music Media Dome. 

On April 22-23 Blockchain Life 2020 brings together 5000 participants from 70 countries. Among them: businessmen and entrepreneurs, investors, miners, blockchain developers, founders of the innovative startups, government officials and everyone who wants to know more about one of the most promising sphere.