News, analysis & resources
Varo Money applies for US banking charter
varo 1

Vary Money isn’t waiting for the US Office of the Comptroller of the Currency (OCC) to finalise its controversial fintech charter plan. The mobile banking start-up is looking to become a true challenger bank, complete with a national bank charter.

US House of Representatives passes CRA repeal of arbitration rule
US House of Representatives

The US House of Representatives has voted in favour of house joint resolution (HJR) 111 to repeal the Consumer Financial Protection Bureau’s (CFPB) final rule on arbitration agreements.

Visa expands with data centres in Singapore and UK

Visa is expanding its transaction-processing capabilities with two data centres in Singapore and the UK.

Australia calls for risk-loving fintech firms

The Risk Management Association of Australia (RMA) has partnered with KPMG and match-making firm Matchi to offer three fintech companies the opportunity to pitch their solutions to forty chief risk officers (CROs) from various Australian banks.

Italy’s largest bank UniCredit gets hacked

Italy’s largest bank UniCredit has been the victim of a security breach due to unauthorised access through an Italian third-party provider to customer data – with up to 400,000 customers potentially affected.

Banking Technology Magazine
Banking Technology July/August 2017 issue out now
Banking Technology July/August 2017

Set sail for fintech! The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Industry Comment
Digital currency: the future or the biggest flop?
Carl Freer

From Bitcoins to even newer (and lesser known, but rising) forms of currency, will this level the playing field for people in the future, or is this all just a sham that will die down? As things get digitised, what do we need to know about digital currencies, and does this mark the demise of traditional forms of currencies?

Bold statement four: statements from around the bleeding edge of innovation

Welcome back to these pages – and the almost final installation of a series that was started some months ago, talking about some of the grand sweeping statements that we hear, and make.

Lessons from the GDPR compliance journey of a large financial services organisation

In preparation for GDPR compliance, a global financial services organisation embarked on a journey to assess its core information processing environments with the objective of identifying opportunities to strengthen its privacy data protection programs. This article focuses on the technology challenges, approach, and lessons learned for the centralised testing environment.

Behavioural black magic

In 1957 the US market researcher James Vicary, claimed he could get moviegoers to “drink Coca-Cola” and “eat popcorn” by flashing messages onscreen for such a short time that viewers were unaware they had seen them. The term “subliminal advertising” was coined to describe this unnerving practice and it was subsequently banned in many countries.

Bold statement three: statements from around the bleeding edge of innovation

Hello all and apologies it’s taken a little while to get to the third instalment of the series about “pet peeve statements”. For those who are new, I am talking about those bold, declaratory statements that puff up the chest and make people feel awfully progressive and far sighted – and as I have said before, all sound and fury, signifying stormy waters ahead!