Financial services are on IT's cutting edge.
Articles about Banking
The auroracoin digital handout could give Icelanders a new currency to trade between each other, but the country's Central Bank has warned it would be illegal to use it to bypass the nation's strict rules on foreign exchange.
An update to the Bitcoin client has introduced invoicing, privacy-enhancing features, and a fix for a transaction bug behind disruptions at several exchanges.
A study by the Commonwealth Bank of Australia has revealed that consumers are increasingly using their mobile wallets to pay for basic purchases, but hope to use it for loyalty schemes, to redeem coupons, and for public transport.
Dutch bank ING has stepped back from a plan that would have seen its customers' payment histories used to serve them targeted ads after consumer groups and customers objected.
A closer look into how Australia's biggest banks have made changes to their privacy policies to ensure they are compliant with the latest reforms.
The central bank also halted Quick Response (QR) codes transactions and other face-to-face cashless mobile payment services, leading stocks slump among Tencent and China Citic Bank on Friday.
After stating it won't restrict transactions involving the digital currency, Monetary Authority of Singapore now says operators of virtual currencies including Bitcoin ATMs must abide by new rules to address risks associated with terrorist funding and money laundering.
ING is planning a targeted advertising pilot later this year with thousands of customers – but questions are already being raised about the privacy implications.
It's captured the imaginations of enthusiasts all too ready to exchange it for real-world goods, but recent and repeated hacks of Bitcoin's underlying elements suggest the virtual currency is no more real than the Ponzi schemes of yesteryear – and it's only a matter of time until the faithful get burnt.
The Commonwealth Bank of Australia (CBA) has digitised its business processes with the help of Pegasystems, allowing it to refocus on servicing its customers.
ASB Bank launched its core real-time banking platform in 1969, but it was only in the mobile era that it could truly prove its chops.
With China's technology companies tipped to be given licenses to provide banking services, traditional brick-and-mortar banks are venturing out into the online realm to better compete against these new market players.
Westpac has adopted an analytics approach to customise and personalise services for its 9 million customers.
A clutch of Italian hotels and small businesses are already accepting Bitcoin payments - but is there enough demand from the public, and will lawmakers throw a spanner in the works?
Like the rabbit caught the a car's headlights the IT industry does not know which way to jump to sort skills shortage.