Fintech
Bundesbank’s Balz: consumers may be ‘trapped’ in big tech ecosystems
Big tech firms offer consumers convenience, but there are also reasons to worry, Bundesbank official says
MAS develops fintech information-sharing platform
Singapore partners with Canadian and French regulators
PBoC to rein in fintech firms after President Xi praises blockchain
Central bank will verify blockchain-compatible products
MAS develops multi-currency blockchain network
Prototype enables payments to be carried out in different currencies
ECB’s Löber: Facebook’s libra a “black hole” of legal certainty
But current global standards fit for purpose to underpin digital assets
What is behind China’s digital currency aspirations?
The PBoC sees CBDC as a means of riding the wave of digitisation, and potentially challenging the US dollar’s dominance, writes Hui Feng
Argentine central bank restricts crypto asset purchases
Central bank continues with measures to resist peso’s decline
UAE central bank launches fintech office
New office will take the lead on fintech strategy and roadmap
AML deadline prompts FCA to warn crypto firms
Regulator says firms must not mislead customers about regulatory status
Bank of Canada picks MindBridge for AI fraud detection trial
Trial under central bank’s ‘Pivot’ scheme will test artificial intelligence for payment fraud detection
Bankers are ignoring crypto assets’ flaws – expert
Technologists are more worried than financiers by problems, expert tells IMF panel
G7 group warns of stablecoin risks as FSB sets out plans
Group’s final report says global stablecoins could generate “significant adverse effects”
AI use proliferating in UK financial services, regulators find
Machine learning can increase efficiency but also amplify risks, BoE and FCA say
Bank of Israel creates centre to boost fintech
Central bank and finance ministry push for more innovation as first digital lender opens
Cyber attacks on financial firms rise by 37% – survey
Eighty-eight per cent of participants report domain name system attacks over the last year
BIS and SNB co-operate on technology research hub
Swiss centre will investigate how to use digital central bank money on DLT infrastructure
Big tech: a threat to banks?
The explosive growth of big tech companies in China offers important lessons