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virtual transactions - digital money - cryptocurrency - blockchain
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Why America’s oldest bank launched a crypto custody service

BNY Mellon has launched a live service that allows institutional clients to store and exchange bitcoin and ether, giving the highly volatile cryptocurrencies credence on the world market.

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16 Wall Street firms fined $1.8B for using private text apps, lying about it

The banks and brokerages were fined because employees were messaging and texting with clients without recording the communications, as required. And some of the firms' execs lied about it and deleted messages.

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Planned ‘fixes’ for credit-card interchange fees will actually make fraud easier

The US Federal Reserve and the US Senate are both looking to lessen restrictions on retailers — ostensibly to rein in card fees. What they actually are doing is inviting more fraud.

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Companies move to drop college degree requirements for new hires, focus on skills

A new study shows employers are ending college degree requirements for many jobs openings, focusing instead on skills, experience, and personality traits. The sea change opens up tech jobs to a more diverse pool of candidates.

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Banks face a WhatsApp reckoning as regulators clamp down on messaging apps

Financial institutions are being hit with millions of dollars in fines from regulators concerned about the use of messaging apps. That's forcing the financial firms to shift gears to deal with the issue.

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Q&A: Chase CIO details what entry-level job-seekers need to succeed in Fintech

IT jobs at financial services and tech companies are among the most highly sought-after by new college graduates with STEM degrees. Chase CIO Gill Haus said he hires from a variety of educational backgrounds — traditional...

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Will new EU crypto rules change how ransomware is played?

The European Union is cracking down on cryptocurrencies. That could have massive implications for enterprise IT.

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Q&A: FNA's Carlos León on how digital money can be more efficient and safe

As multiple nations push ahead on the idea of central bank digital currencies (CBDCs), UK-based FNA has been helping them do so. Carlos León, FNA's director of Financial Market Infrastructures and Digital Currencies Solutions, talked...

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Are banks quietly refusing reimbursements to fraud victims?

There are disturbing reports that some major financial institutions are no longer crediting back all fraudulent transactions, even when the victim has filed a police report. This move by these financial institutions will soon come...

The dangers of embracing cryptocurrency

Do not invest company assets in crypto, hoping for a big score to keep the lights on in tough times. It's a scam.

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How tech companies are responding to the talent gap

Tech companies face a dearth of workforce talent, which has led many organizations to hire through non-traditional approaches that include coding bootcamps, low-code training, and focusing on population areas outside the norm.

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Q&A: The digital dollar — how would it work, what would it do?

Any effort to create a digital dollar will involve far more than just technology. Privacy regulations, security protocols, and legal issues pose greater challenges than software and networks. With that in mind, eCurrency CEO Jonathan...

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For Gen Z, bank accounts and cash are out, mobile wallets are in

Even as Treasury Secretary Janet Yellen is saying a digital dollar could become as trusted as cash, surveys of Gen Z and Millennials show they're already well on their way to accepting crypto for purchases and investments. The shift...

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Following US moves, UK looks to regulate crypto, create government token

The UK is ramping up its own efforts to regulate cryptocurrencies and create a non-fungible token in order to attempt to take the lead in the emerging decentralized finance marketplace. The move comes as the US appears headed in the...

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Lawmakers join growing push to create a 'digital dollar'

Lawmakers have joined the chorus of officials who want the US to create a digital currency that would virtually eliminate funds transfer waiting periods, cut fees and enable those without bank accounts to move money across borders....

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Amex GBT: Biz travel isn't dead, and now we need 'Chief Journey Officers'

As business travel continues to tick back up, organizations are beginning to look at internal travel as key to creating and maintaining company culture as well as attracting and retaining top talent, according to a new study.

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Apple acquires UK fintech startup Credit Kudos

The open banking startup becomes the latest European fintech company to be acquired by a US company.

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How cryptocurrency is being used to funnel money to Ukraine

Bitcoin, Ethereum and other crypto currencies are being used to funnel money to Ukrainian causes as they are faster, cheaper and, in some ways, more secure than sending cash. So far, more than $63 million has been sent.

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