HSBC highlights the six new banking careers of the future

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

Gaming group Razer moves into mobile payments

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

Cryptocurrency Visa card startup buys Crypto.com domain

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

EBA warns big banks falling behind on tech

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

Financial heavyweights pour scorn on bitcoin

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

Just Do It: The Bank of the Future Doesn’t Include Excuses

Traditional retail financial institutions can't become a true 'Bank of the Future' using the same strategies and the same cultural mindset that they had in the past. Banks and credit unions need to find the talent, leadership and strategic direction to disrupt the status quo. Representatives of major banks, US and

How to Avoid a Disaster When Switching Your Core Banking Platform

In the past, most financial services organizations have been focused on selling their services through a branch office, face-to-face. Today, the majority of sales are initiated through online or mobile channels. Unfortunately, the systems that adequately supported offline sales do a far less satisfactory job when asked to support the

Will PSD2 and FinTech Competition Present Insurmountable Tech Pressure?

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