Challenges of the digital age require new ways of thinking, especially from traditional market players in the financial industry. A Design Thinking approach provides an effective method to deliver customer-centered financial services, and Fintech success proves that. Unfortunately, it's not so easy for traditional banking culture to overcome inner obstacles in implementing Design Thinking. Let's find out why that is and how to change it.
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As the world is concerned by the recent Facebook scandal, which hit 87 million users, people ask how safe their personal information is in the digital age.
What's even worse is – identity fraud is on the rise. According to statistics of Javelin Strategy & Research, a research-based advisory organization, "In 2017, there were 16.7 million victims of identity fraud, a record high that followed a previous record the year before," in the U.S.
There is good news though.
Kx Systems, a division of First Derivatives plc (AIM:FDP.L, ESM:FDP.I), announces that its Kx for Flow electronic trading platform has been extended to support the trading of cryptocurrencies.
Mitsubishi Corporation (MC), MUFG Bank, Ltd. (MUFG Bank), Bank of Ayudhya PCL (Krungsri), a Thailand-based subsidiary of MUFG Bank, and Standard Chartered Bank (Standard Chartered), today jointly announced the commencement of a pilot test for moving real funds over RippleNet, with the objective of making cross-border payments more convenient and further improving the capital efficiency of corporate groups.
ADVA today achieved a major milestone for network security with the launch of its ConnectGuard(TM) Cloud technology. The new solution is the first in the industry to deliver virtualized encryption in hybrid and multi-cloud environments.
Tyro, Australia’s business-only bank, today announced a deal that will see it deliver an API platform designed to remove the complexities and expense of integrating multiple apps and point of sale (POS) systems, by providing a single integration solution.
The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore.
The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between both countries. It will also establish a framework for both authorities to provide support for FinTech companies to better understand the regulatory regime and opportunities in each jurisdiction.
Wolters Kluwer’s Finance, Risk & Reporting business is sponsoring the Risk Americas Convention taking place in New York on May 17th and 18th.
More than 400 attendees are expected at the event - the 7th annual such conference - with more than 80 Chief Risk Officers and Heads of Risk from leading financial services firms set to present.
BroadSoft, Inc., now a part of Cisco, and a global market leader in cloud calling, meeting, messaging and contact center software as a service (SaaS), announces that Spark, one of New Zealand's largest telecommunications providers, will now be offering Spark Cloud Phone powered by the BroadCloud calling platform to small and medium businesses throughout New Zealand.