FSTech

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Red flags raised over fake banking apps

Researchers at IT security firm ESET have warned of the emerging threat of fake banking apps. Research on the malware landscape for Android operating systems found that that cyber criminals have developed mobile banking malware that impersonates legitimate finance apps…

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FSB: ‘BigTech poses bigger risk than FinTech’

Banks should fear competition from BigTech firms branching out into financial services more than the threat of FinTech challengers, according to the Financial Stability Board (FSB). A report from the international policy body for financial services tasked with assessing the…

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Barclaycard partners SAP for corporate payments

Barclaycard Commercial Payments has announced a strategic partnership with SAP UK, which will see Barclaycard integrate its business-to-business (B2B) payment product, Precisionpay, into SAP’s Ariba solutions marketplace. The integration, to become available later this year, will bring procurement and payment…

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Warning over fake banking apps

Researchers at IT security firm ESET have warned of the emerging threat of fake banking apps. Research on the malware landscape for Android operating systems found that that cyber criminals have developed mobile banking malware that impersonates legitimate finance apps…

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J.P. Morgan issues its own digital coin

J.P. Morgan has become the first US bank to create and test a digital coin representing a fiat currency. The JPM Coin is based on blockchain technology, enabling the instantaneous transfer of payments between institutional accounts. Umar Farooq, the bank’s…

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Sandboxes ‘not always the answer’: UN

Regulatory sandboxes are “neither necessary nor sufficient” to promote financial inclusion, and similar results can be achieved through innovation offices and other tools, according to the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). However, the new…