Top news of the week: 11.08.2022.
AI Maturity in Banking Lags All Other Industries
Despite emphasis on data and the deployment of many artificial intelligence solutions, banking is far from achieving the full benefits of AI investment.
Can fintech innovation be a force for good social impact?
With social impact rising up the corporate agenda, Paynetics CEO Mike Peplow considers the role that fintech innovation can play
The Bank of London to open new tech hub in Charlotte, creating 350 jobs
Global clearing and transaction banking startup, The Bank of London, is to open Global Platform & Services headquarters in Charlotte, North Carolina, creating 350 new jobs by 2026.
Why fintechs are banking on the metaverse
Finance firms are spending big on the metaverse in a bid to establish a presence in the virtual world. But are the rewards worth the risks?
Banks to spend additional $31 bn on AI to reduce frauds
Similarly for banking executives worldwide, fraud management is featured strongly as a priority, the IDC report mentioned.
How All Banks Can Now Offer Industry-Leading Digital Mortgages
Rocket Mortgage and Q2 collaborate to provide best-in-class digital mortgage application services for traditional banks and credit unions.
Embedded finance: navigating the challenges
In addition to meeting regulatory requirements, there are some other challenges to be aware of before entering the world of embedded finance.
Cost of living: People turning back to cash as prices rise
Post Offices handled a record £801m in personal cash withdrawals in July.