Following its year-long “Cad-coin” experiment (conducted in conjunction with the R3 consortium), Canada’s central bank determined that there are still “many hurdles to overcome” before DLT could reliably be deployed as the technology “underpin[ning] an entire wholesale payment system.”
Banks can reduce security risks posed by email hoaxes through several steps: external source alerts, stricter email policies, employee education, use of domain-based message authentication, and software tools, American Banker says.
Machine learning is threatening to disrupt the hedge fund industry as AI becomes powerful enough to forecast market moves better than people. As the industry “struggles with middling performance and outflows,” excitement is building for AI fields to “unlock lucrative patterns” in Big Data, the Financial Times reports.
The creators of a top “altcoin” are building privacy features for JPMorgan’s blockchain platform. Source: Worlds collide: JPM works with team behind anonymous crypto Zcash | American Banker This is a well written and well-cited article. If you study the article and make use of all the hyperlinks, you will have learned a lot.
The nation’s largest pension plan has 380 people overseeing $320 billion in assets. But when one of its top officials was asked during a board meeting how much in performance fees was paid to private-equity managers, he had to acknowledge no one knew. Source: Only Robots Can Tally What the Largest U.S. Pension Fund Pays…
Why DTCC thinks cloud computing will transform the IT profile of the industry. Source: Transforming The Industry’s IT Profile | DTCC From Where We Stand There is a video interview with DTCC Chief Information Officer Bob Garrison.
In so doing, the $2 trillion-asset bank is adapting to a truth more banks are acknowledging: that customers are no longer coming directly to their branches, apps, websites or call centers. Instead, consumers are increasingly interacting with bank products in other places like Apple Pay, Facebook Messenger or Amazon Alexa. The internet of things promises…
Up to £5,000 can be sent to an international account without charge Source: Payment app Revolut to offer free money transfers abroad
Deutsche Bank AG is close to an agreement with former executives at Germany’s biggest bank to have them help pay for fines the lender suffered because of past misconduct. Source: Deutsche Bank Says Former Executives Set to Pay for Missteps – Bloomberg Will institutions seek reimbursement from former executives for fines suffered under GDPR where misconduct…
Institute is reshaping its course to meet employer demand for fintech skills Source: CFA finance exams to grill hopefuls on AI, big data and robo-advice