At Microsoft’s Future Decoded event in London, AI was the principal topic for discussion, with financial services no exception. “Everyone’s talking about it, everyone thinks everybody else is doing it, but we don’t think we’re ready to do it ourselves!” Rishi Srivastava, digital adviser at Microsoft, said before exploring the benefits of AI in financial […]
More than 100 fintech firms have applied to take part in the UK’s Open Up 2020 Challenge, which will see them compete to unlock the power of open banking and bag a share of a £1.5 million prize fund. Run by Nesta Challenges in partnership with the official Open Banking Implementation Entity (OBIE), the competition […]
Facebook’s Libra plans continue to stumble as PayPal quits the digital currency project, with Visa and Mastercard also reconsidering their involvement. In a statement late on Friday, PayPal says it has decided to “forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business […]
Facebook has been working for years on augmented reality (AR) glasses, and it recently teamed up with Ray-Ban maker Luxottica to help prepare for a possible release between 2023 and 2025, according to a report by CNBC. The glasses, code-named Orion, are being designed to eventually replace smartphones by allowing wearers to answer calls, see digital […]
The Americas Blockchain Summit (ABS 2019) with the theme “How Blockchain is Transforming Businesses” will be held in Panama, Rep. of Panama, 7 & 8 November, 2019 at the Wyndham Hotel. The ABS 2019 is an unprecedented event in Panama that connects global experts in the use of blockchain, technology developers, emerging startups, leaders in […]
For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to […]
On day two of the World Conference of Banking Institutes, executive director – business development of the Abu Dhabi Global Market Steve Barnett opened sessions with a focus on sustainability in emerging markets and explored how education is a core pillar when ensuring commitment to environmental, social, and governance (ESG) initiatives. While the financial services […]
London-based GoCardless is opening for business in the US, on a mission to shake up recurring payments in the world’s biggest market. With an office in San Francisco, GoCardless has hooked up to the Automated Clearing House Clearing network, enabling merchants to pull payments directly from their customers’ bank accounts, at a lower cost than […]
Gold edged slightly higher on Monday after the United States and China imposed new tariffs on each others’ goods but a firmer dollar limited the precious metal’s upside. Washington began imposing 15% tariffs on a variety of Chinese goods on Sunday, including footwear, smartwatches, and flat-panel televisions, as Beijing began imposing new duties on U.S. crude. However, U.S. President […]
The ugly Christmas sweaters you’re eyeing might still see a tariff price hike before the holiday season, according to an industry group. In an attempt to save Christmas, President Donald Trump announced earlier this month that tariffs on some Chinese goods will be delayed until Dec. 15. Retail and department store stocks including American Eagle, Abercrombie and Macy’s all jumped […]
The years-long battle between Amazon and retail companies has spilled over into the shipping industry, with FedEx and UPS adjusting their strategies as the tech giant, once simply a customer, is now a major competitor. FedEx has announced two changes to its relationship to Amazon in recent months, including ending the ground delivery contract with the e-commerce pioneer. Meanwhile, UPS is exploring […]
Didi Chuxing, China’s version of Uber, announced plans to launch a robotaxi service in Shanghai where users will be able to hail driverless cars from the app. The ride-hailing company will deploy 30 different models of so-called level four autonomous vehicles in the Jiading district of Shanghai. Level four self-driving cars have a high degree […]
