What the Fintech? Episode 10 | Diversity & inclusion: AI bias

Despite the UK beginning to reopen, the team veered on the side of caution, continuing to bring you What the Fintech? as a remotely recorded podcast. On this episode, we welcome Theodora Lau, founder of the boutique fintech consultancy firm, Unconventional Ventures. We examine the lack of diversity within the financial services industry in the … Read more

HSBC tried to defend itself in China. Internet censors erased the post

On Friday, China’s largest state-run newspaper, the People’s Daily, accused HSBC, the London-based bank, of conspiring with U.S. authorities to build a case against Huawei, the Chinese telecom equipment giant. On Saturday, HSBC defended itself against the allegations via the company’s public account on WeChat, a ubiquitous Chinese messaging platform. By Monday, however, censors had … Read more

Amid pandemic, top CEOs say digital transformation is accelerating. Where it’s headed? Less clear

In the end, there was really only one question to ask an all-star panel of CEOs assembled for a Fortune CEO Initiative virtual event held Tuesday about leadership in challenging times: How has the novel coronavirus pandemic affected business? “Acceleration of the future,” Intel CEO Bob Swan offered, rather succinctly, after silently listening to his … Read more

Talk like an Egyptian:  a brief history of  data encryption   

While financial institutions have been using encryption technologies for years, the implementation is through “security silos” that seek to protect the most important data. In today’s world of high connectivity and strong regulation, however, all information must be seen as important. The Information Commissioner’s Office (ICO) states that a key principle of General Data Protection Regulation (GDPR) is … Read more

Report: The future of digital wealth management

The wealth management industry is facing plenty of changes in 2020 The wealth management industry is facing a period of unprecedented change. Economic turmoil, regulatory variation, customer experience demands, and digital transformation are all shaking the foundations of how firms operate. Wealth managers stand on the edge of a fundamental change in the way they … Read more

Liquid Exchange Confirms Asset Delistings Due to Regulatory Requirements

Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance. “Liquid works closely with regulators in Japan and Singapore,” Melamed told Cointelegraph on July 25. Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he added: “As part … Read more

US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines

The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison. US Dismantles Bitcoin ATM Operation The U.S. Department … Read more

Former Wirecard CEO Arrested Along with Former CFO, Report Indicates Over €3 Billion May be Lost

The odyssey of the collapse of Wirecard (WDI:DE) continues to generate headlines as investigators sort through the rubble of the once prominent Fintech. The news has been flowing at a steady pace as pieces of the puzzle are added to Wirecard’s saga as authorities seek to fully understand how the Fintech was able to deceive … Read more