Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at...
NCR Atleos reported that its self-service banking business continued to grow in the fourth quarter. NCR added more than 2,000 ATMs in the quarter, making the total number of active units 20,000, Chief Executive Tim Oliver said during NCR’s Q4...
Temenos AG plunged by nearly a third, slashing its market value by $2.1 billion, after Hindenburg Research took a short position and suggested serious flaws in the books of the Swiss provider of software for banks. The Swiss company denied...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Signs of stress in the commercial real estate sector are now coming thick and fast. This month investors have been spooked by...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world of used-car sales gets a bad rap. A UK regulatory review into motor finance commissions extends that stigma to the...
Financial institutions are identifying uses for AI throughout their operations, creating increased demand for data scientists in the financial services industry. “We’re seeing a rapid push into the hiring of data scientists,” Kevin Green, chief product and marketing officer at...
HSBC is teaming with Google Cloud to provide financing to climate-mitigating companies on the cloud provider’s network. Google Cloud will connect the companies with HSBC’s climate tech finance team to explore venture debt financing options, according to a Feb. 8...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.NatWest is set to confirm interim boss Paul Thwaite as its permanent group chief executive, with the state-backed lender preparing for the...
Josh Martin The Monetary Policy Committee has recently looked at wage growth as an important indicator of inflation persistence. One way that wages matter for price inflation is as a cost for businesses, who may raise their prices in response...
The Federal Reserve’s FedNow payments network, launched nearly seven months ago, has signed up almost as many financial institutions as The Clearing House’s Real Time Payments platform has in seven years. “This is the first time that there’s actually been...
