Banking 2020
NOVEMBER 25, 2015
China has introduced new draft rules that are intended to tighten regulations governing online payments in the country. Therefore, proposals issued by the country’s central bank will aim to add “much-needed safeguards” to tackle these issues, the Wall Street Journal reports. The impact of tougher regulations.
BankInovation
AUGUST 31, 2020
The 2020 presidential race is in full swing, and speculation about whether President Trump will energize enough of his base to stave off former Vice President Joe Biden has dominated headlines for months. 3 election less than three months away, Bank Innovation spoke with lawyers, academics and think tanks to learn how […].
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Banking 2020
DECEMBER 3, 2015
It also noted that banks have found it challenging to develop new propositions to meet these demands – partly because of their reliance on legacy systems and partly because they are more constrained by regulations. The most common solutions. However, these hidden payments are not without their risks.
Banking 2020
NOVEMBER 8, 2015
Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers.
Tech and Finance
APRIL 29, 2016
PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.
Tech and Finance
APRIL 29, 2016
PWC Retail banking. In its report on Retail Banking 2020 — Evolution or Revolution, PWC optimistically ignores many of the details of its survey and concludes that banking has a great days ahead. PWC does suggest major improvements can be achieved without replacing core systems, or undertaking radical digitalization.
Banking 2020
JANUARY 21, 2016
A report for the New York State Department of Financial Services found a third of the 40 banks it surveyed had poor safeguards when working with third-party vendors. Regulator Benjamin Lawsky warned that “third-party firms can provide a backdoor entrance to hackers who are seeking to steal sensitive bank customer data”.
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