HSBC is preparing for the ongoing revolution in banking, highlighting six new types of jobs that will be necessary to forge a career in a digitally-enabled financial services industry. The global bank, which recently committed to a $17 billion tech spend as part of a new growth strategy, is currently recruiting
Global gaming group Razer has launched a mobile wallet in Malaysia targeted at millennials. The Razer Pay wallet, developed in conjunction with Malaysian congolomerate Berjaya Corporation Berhad can be topped up at 7-Eleven stores and via bank transfer from online accounts at AmBank, Bank Islam, CIMB, Hong Leong Bank, Maybank, Public
Monaco, the startup behind a cryptocurrency Visa debit card, has rebranded after forking out millions of dollars on the Crypto.com domain name. Crypto.com was registered in 1993 by Matt Blaze, a University of Pennsylvania professor of computer and information science. With the crypto craze gathering momentum in recent years, Blaze has
Incumbent banks with bad loans and legacy systems risk being left behind by less encumbered challengers, according to the European Banking Authority (EBA). The European banking watchdog assessed FinTech risks and opportunities in the sector, stating that problems are “particularly challenging for some large complex incumbents” which have “a very
Some of the biggest names in finance have lambasted the bitcoin market and poured scorn on the meteoric rise of the digital currency, calling it one of the "greatest scams" in financial history. Renowned fund managers including investment guru Mark Mobius and Davide Serra, the founder of UK hedge fund Algebris Investments, have likened the bitcoin market
The challenge for many financial organisations, when enhancing digital services, is that the well-established portion of the financial industry, much like the global public sector, remains awash with legacy systems born during the first financial tech revolution of the 1960s and 1970s. These systems continue to support business models built well
Firmly entrenched as a staple of modern society, banking has roots stretching into history as far back as ancient Greece. Banking products and services, however, have adapted as consumer requirements changed. From the first credit voucher in 1880, the concept of credit cards proved popular. Though various alternative payment methods,
An evolution is under way in the global payment system. Advances in mobile phones and internet technology are giving rise to apps and other digital platforms that allow people to pay for goods and services with their smartphones instead of with cash or traditional credit and debit cards. How quickly U.S.