Open banking, a collaborative model in which banking data is shared with third-party players, is expected to revolutionize the financial services ecosystem. For consumers, the opening up of banking data could mean better control over…
Fintech
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Article: Fintech firms want to shake up banking, and that worries the Fed
The U.S. Federal Reserve is wary of giving “fintech” firms such as OnDeck Capital Inc or Kabbage Inc. access to the country’s financial infrastructure, putting the central bank at odds with other regulators looking to…
Article: Banking on a FinTech Future
ZHONG Xiangqun, Chief Operating Officer of Bank of China (Hong Kong) (BOCHK), believes we have entered a golden age of FinTech. “Recent advances in technologies such as Artificial Intelligence (AI), biometrics, Open Application Programming Interface…
Article: How Analytics and Automation Can Improve Shareholder Value
Technology’s expanding influence With fintech companies generating new competitive pressures … from operations to sales and marketing to risk and compliance. Advanced data analytics can also empower banks to develop deeper insights and make better…