Technology has facilitated all aspects of life – transport, cooking, shopping, studying, entertainment, you name it. Long gone are the days of going through much trouble to do. You can watch a movie with 3D characters stepping out of the screen and cook a healthy super fast meal in under ten minutes. Then, you’ll need…
We envision banks as these massive vaults filled with money. While there’s some truth to that assumption, your average bank is so much more. We can expect that banking is the next personal assistant. Banks are massively complicated institutions that operate on a lot of different (often proprietary) systems working seamlessly in conjunction with one…
When Intel debuted its ninth generation Core processors last fall, the star of the show was the i9-9900K, its first consumer CPU to reach 5GHz. That was a huge milestone, and it made that chip even more tempting to power-hungry gamers. But now, that processor has a laptop-focused sibling that can also hit 5GHz: the…
It’s easy to push a narrative of fintech upstarts versus the big incumbent banks, but the more subtle reality is that as well as competing on numerous fronts, there are partnerships being formed across the board. The latest such move sees Tink, the Sweden-based banking platform that raised €56 million in new funding in February,…
Out-of-network ATM fees. Monthly service fees. Card replacement fees. Foreign exchange fees. Wire transfer fees. Overdraft fees. Check fees. Fees, fees, fees, fees, fees. Oh and interest, of course. Banking used to be built on a simple economic premise: tuck money away from customers into deposit accounts that pay interest, and then lend that money…
Malware researcher Marcus Hutchins has pleaded guilty to two counts of creating and selling a powerful banking malware, ending a long and protracted battle with U.S. prosecutors. Hutchins, a British national who goes by the online handle MalwareTech, was arrested in August 2017 as he was due to fly back to the U.K. following the…
I appreciate how clearly the Money app labels how much interested you are earning. Photo: Sam Rutherford (Gizmodo)While it’s not quite a pivot, it seems more and more tech companies are straying out of their lane and into the finance world. T-Mobile has decided to join the collection of startups and legacy tech players that…
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. The Monetary Authority of Singapore (MAS) is evaluating whether it should allow fintech companies to operate in the city under a virtual banking license, according to the…
Intelligent home appliances, wearables and voice aids are some of the examples of the impact of the Internet of things in daily life. But, beyond these everyday uses, what effect does it have on business? Should banks include it in their strategies? The term Internet of Things (IoT), coined at the end of the 1990s, …
Should banking build an Internet of Things strategy? Read More »