Things worth reading: 20th December 2019
Chris Skinner
DECEMBER 19, 2019
Things we’re reading today include … Emerging market debt hit $55 trillion Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S.
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Chris Skinner
DECEMBER 19, 2019
Things we’re reading today include … Emerging market debt hit $55 trillion Goldman Sachs may admit guilt, pay $2 billion fine to settle U.S.
Insights on Business
FEBRUARY 1, 2019
To those working in the financial services industry, security is at the core of their business. The rise of artificial intelligence and machine learning might help protect business assets, but it is also making it easier for the bad guys to find holes in the security. Security is a big theme at IBM Think this year. Feeling safe.
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PYMNTS
DECEMBER 9, 2018
Uber is moving ahead with its initial public offering, filing paperwork with the Securities and Exchange Commission in the U.S. The report noted the IPOs could happen in the first quarter of 2019 at the earliest. Airbnb , Palantir , and Stripe are also seen as potential IPOs in 2019.
Perficient
JANUARY 4, 2022
According to CoinGecko, the cryptocurrency market is worth more than $2.35 Although this market seems promising, the potential for big gains does not come without hefty risk. Bank customers with a custody solution that “meets the highest security, compliance and regulatory standards.”. Northern Trust.
PYMNTS
JUNE 26, 2020
The company was involved in deliberate deceit and had given false statements on escrow while EY was carrying out the 2019 audit of the company, which EY took to the relevant authorities, Reuters reported. The matter concerns the $2.1 billion, which was roughly around a quarter of the company’s books and which no one could prove existed.
PYMNTS
JANUARY 14, 2020
in 2019 than ever before – 333,530 were granted, 15 percent more than in 2018, the global patent data platform IFI CLAIMS announced on Monday (Jan. Almost 50 percent of IBM’s 2019 patents related to “hot-button technologies such as artificial intelligence (AI), cloud computing, security, blockchain and quantum computing.”.
PYMNTS
JANUARY 30, 2020
Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Card fraud is an ever-present threat.
PYMNTS
JANUARY 2, 2019
Researchers forecast virtual cards to power a 10 percent annual growth rate of the commercial card market through 2022, with virtual commercial card spend on mobile wallets expected to grow by 43 percent during that time, totaling $42 billion by 2022. We think 2019 will be a crucial year for this sector. ” Enhancing Security.
PYMNTS
JUNE 17, 2019
Promising as intelligence of things (IoT) solutions are, though, security has been a stumbling block. The June IoT Tracker explores the latest advancements in IoT security and new applications of smart technology. According to the tracker, the global IoT security market is expected to increase by a 35.5
PYMNTS
APRIL 8, 2019
Worldwide spending on information technology is expected to reach about $4 trillion in 2019, according to a report by CNBC. Those numbers come from global research and advisory firm Gartner, which also predicts that companies will spend $125 billion on cybersecurity alone in 2019. Logistics and shipping brought to their knees.
PYMNTS
JANUARY 1, 2019
A robust supply of private capital reportedly is one of the main reasons for that, along with corporate cultures that are averse to public markets. But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs.
Bank Innovation
JUNE 3, 2019
Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation. Dominic Venturo, executive vice president and chief innovation officer at U.S. Bank Innovation Build will take place November 6-7 at Atlanta’s W Hotel Downtown. Register here.)
Insights on Business
JANUARY 17, 2019
IBM will be hosting IBM Think 2019 from February 12-15 this year at a new location in San Francisco, CA. Optimizing risk, compliance and security. Simply choose Banking, Financial Markets, Insurance under the Industry filter in the planner. Return soon to read more Think 2019 financial services blogs. IBMFintech Twitter.
PYMNTS
MARCH 13, 2019
Digital banking customers are looking for an institution that can keep their data safe, with security mishaps creating the possibility that they can move to other apps. beat analysts’ revenue and earnings estimates for the second quarter of its fiscal year 2019 amid a focus on data science. In addition, Stitch Fix Inc. Data: $370.3
Bank Innovation
DECEMBER 13, 2019
Welcome to the latest episode of our weekly wrap video series, for the week ending Friday, December 13, 2019.
PYMNTS
JULY 30, 2019
Two researchers, Natalie Silvanovich and Samuel Groß, who work alongside Google ’s security initiative Project Zero , have found some “interactionless” malicious bugs in iOS that allow hackers to take control of an iPhone through iMessage without even making the victim engage with the texts or click a link, according to reports.
PYMNTS
NOVEMBER 21, 2019
A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.
PYMNTS
NOVEMBER 21, 2019
A group of senators have introduced a bill that would classify Facebook’s proposed cryptocurrency Libra as a security under the law, according to a report by CNBC. The bill is called the “Managed Stablecoins are Securities Act of 2019” and was proposed by two members of the House Financial Services Committee, Reps.
PYMNTS
JULY 16, 2019
This marks the eighth major cyberattack on a cryptocurrency in 2019 and is one of the largest. The hackers were able to pass security checks completely, although the company acted quickly and halted all withdrawals once aware of the breach. Likewise, Bithumb , a South-Korean crypto exchange, confirmed the hack of $13.1 And on Jan.
PYMNTS
JUNE 24, 2020
Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. The company will target younger borrowers with digital features that are common with debit cards but remain rare in the credit card market, the Times reported.
PYMNTS
DECEMBER 11, 2018
In its 2019 Executive Perspectives on Top Risks survey, published last week, Protiviti surveyed 825 board members across industries and across geographic markets to understand how corporations today are preparing for the year ahead. On the whole, researchers noted, the c-suite perceives 2019 risks as greater than in years past.
PYMNTS
FEBRUARY 28, 2019
The funds will go toward scaling Zededa’s infrastructure, increasing R&D and expanding sales, marketing and customer success programs to provide greater support to its growing, global customer base.”. IoT Security Concerns. Security Upgrades? percent by 2024.
PYMNTS
FEBRUARY 26, 2020
Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. percent in 2019, compared to 10.5 The new platform provides dynamic marketing campaigns based on members’ transactional, lifestyle and behavioral data.
PYMNTS
DECEMBER 2, 2019
Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. million, was the lowest tally seen in years. A Grander Stage.
PYMNTS
DECEMBER 14, 2020
At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.
BankInovation
MAY 24, 2022
After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. billion by 2026, equivalent to an annual growth rate from 2019 upwards of 24%. The potential of this sector is as large as it is untapped with the sector projected to be worth $43.15 Open banking […].
PYMNTS
MAY 15, 2019
It is the latest of conflicting economic data points that have reportedly left economists struggling to explain the mood of American consumers in 2019. markets down before the opening bell Wednesday (May 15). We expect better readings from retail sales in coming months as the positive labor market trends feed into consumer activity.”.
Bank Innovation
DECEMBER 31, 2018
Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. It was a tough year for cryptocurrencies.
PYMNTS
MAY 31, 2017
Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,
PYMNTS
MARCH 25, 2019
Thus, IoT security is becoming an essential part of modern conversations. Department of Homeland Security (DHS) and data security and privacy practice chair of D.C.-based A lot of the devices we’re talking about have no security. They weren’t built with security in mind, and there really isn’t any way to patch them.”.
Insights on Business
FEBRUARY 13, 2019
Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.
PYMNTS
MAY 13, 2019
Small and micro merchants that would otherwise have been priced out of the market by traditional, fixed POS systems have seen success with mPOS solutions. Trust issues have only become more pressing as the global mPOS market grows, reaching a value of $170 million, according to a Global Mobile POS Market 2019 report.
PYMNTS
DECEMBER 28, 2018
One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. Glover spoke with PYMNTS again about how this trend will carry into 2019 and what technologies might be able to help banks strike the balance. In 2019, it is about ensuring the FI has the right?
PYMNTS
SEPTEMBER 11, 2019
percent: Projected CAGR of the global AML software market as measured from 2019 to 2026. million: Average annual AML compliance spending for Canadian firms with less than $10 billion USD in total assets. 10,000: Number of KYC images from crypto exchange Binance allegedly accessed by a cybercriminal.
PYMNTS
NOVEMBER 26, 2020
Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . A silver lining exists, however. It also outlines some of the frictions entities face when doing so. .
PYMNTS
JUNE 12, 2019
Data: 64 million: Number of cars equipped with some form of connected technology that will be shipped worldwide in 2019. $59 59 billion: Estimated value of the global biometrics market by 2025. 13 billion: Projected value of the identity verification market by 2025.
PYMNTS
JULY 17, 2019
Pioneers of the first diamond-coated unclonable security tag for supply chain security and end-to-end tracking, DUST Identity has announced $10 million in Series A funding. The company’s technology addresses growing vulnerabilities and security disruptions as global value chains become more digital and dynamic.
PYMNTS
DECEMBER 18, 2018
As retailers, payments providers and consumers prepare for the coming 5G world, there remain concerns about how well that mobile network technology will protect consumer privacy and security. 5G phones in the first half of 2019, underscoring the near-term approach of increased mobile speeds and other features of 5G. 5G Security Holes?
PYMNTS
MARCH 21, 2019
Zion Market Research released a report about the accounts payable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. percent between 2019 and 2025. percent between 2019 and 2025.
PYMNTS
DECEMBER 26, 2019
But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations.
PYMNTS
NOVEMBER 30, 2020
trillion total addressable market. “We Securities and Exchange Commission. billion in the same 2019 period. Still, the company disclosed in the filing that it sees the firm’s serviceable addressable market — a measure of total potential business in its current core areas — as $1.5 That includes $1.2 That included $1.8
PYMNTS
DECEMBER 30, 2020
Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. million in the same 2019 period. “We
PYMNTS
SEPTEMBER 30, 2019
Digital banks, alt credit providers and digital wallet providers may not be thinking about cards as of late 2019, but they are thinking about how to scale their solutions beyond their domestic markets — how to make them interoperable on a global stage. So today (Sept. 30), the card network announced just such a FinTech partnership.
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