Archive for May, 2019

Congress hopes
to keep up with AIs

May 27, 2019

On May 9, the U.S. House Committee on Financial Services issued a press release announcing the formation of two task forces: one on financial technology, to be chaired by Congressman Stephen Lynch (D-MA), and the other on artificial intelligence, to be chaired by Congressman Bill Foster (D-IL). Committee chair Maxine Waters (D-CA) said:  As new technologies emerge and the [...]

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A little $40 million
bitcoin incident

May 20, 2019

In 1978’s Superman the Movie, Superman rescues Lois Lane in mid-fall from a helicopter. Safely depositing her on her feet, he says, “Well, I certainly hope this little incident hasn’t put you off flying, miss. Statistically speaking, of course, it’s still the safest way to travel.” In the wake of the recent theft of over 7,000 [...]

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A year of open
banking in the UK

May 13, 2019

In 2016, The Financial Brand took a forward look at open banking, claiming that it … … would give both customers and businesses the freedom to access all bank data in real-time, ultimately giving them more accurate and up to date information on finances … customers will be able to compare and save on their accounts and [...]

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