Tags Finance & Insurance

Tag: Finance & Insurance

Fintech: Intelligent automation could add $512 billion to finance sector

A new report from Capgemini’s Digital Transformation Institute reveals that, by 2020, the financial services industry could reap up to $512 billion in new global revenues...

PayPal snaps up fraud prevention player Simility for $120m

NEWSBYTE PayPal has announced that it is to acquire fraud prevention and risk management platform, Simility, for $120 million in cash. The acquisition, which is...

Blockchain threatened by “irreconcilable” differences with GDPR

UPDATED. Malek Murison and Chris Middleton explore why blockchain plus GDPR replaces a storage box with a Pandora's Box of complexity and problems. Make...

Ben & Jerry’s scoops blockchain carbon trading pilot

What’s being billed as the “world’s first retail platform that connects consumers to their own carbon footprints” has been launched in a pilot programme...

Japan’s biggest bank to launch blockchain payments network

The Mitsubishi UFJ Financial Group (MUFG) has announced the design and deployment of a payment platform based on blockchain technology, in partnership with US cloud...

Banks’ use of AI, blockchain, cloud is systemic risk, warns industry

Banks’ rising use of AI, cloud technologies, and blockchain challenge traditional notions of risk and risk management, according to a new research paper from...

Opinion: Why driverless cars will force an insurance u-turn

Simon Walker, group chief executive of car insurance provider, First Central Group, explores how the market will be forced to change by the arrival...

Retail IoT: PayPal acquires iZettle for $2.2 billion

PayPal has announced that it is to acquire European fintech player, iZettle, for $2.2 billion, in a move that will draw the online payments...

Banking on blockchain: Poland moves 140m credit records onto Billon

Poland has become the first country to move banking records en masse onto blockchain. Biuro Informacji Kredytowej (BIK), the largest credit bureau in Central and...

Walmart $16bn Flipkart deal: SoftBank uncertain, Google circling

US retail giant Walmart confirmed this week that it is taking a majority stake in Flipkart, India’s leading ecommerce brand. As announced, the deal...

Fintech: JP Morgan Chase hires head of AI research

NEWSBYTE JP Morgan Chase is signalling a move deeper into artificial intelligence by hiring a head of AI research – a new role within...

AI set for mass adoption by financial services sector

Over the next few years, AI will bring about game-changing developments for the banking sector, reports Scott Thompson. “I do not see AI technologies currently...
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