Trends | Fintech
China’s Big Three Internet and e-commerce companies—Baidu, Alibaba and Tencent—are so big they are referred to collectively as BAT, and all three have received banking licenses and scaled up their e-commerce and finance platforms.
Trends | Fintech
Capital Markets | Deal Matchmaking
In this age of social media, even business matchmaking, traditionally the domain of word of mouth and handshakes, could use a little tech facelift.
As digital banking transformation becomes a key competitive tool, Global Finance recognizes those banks making the most-effective and most-innovative changes.
Market Trends | FinTech
News that 13 additional banks have joined financial innovation firm R3’s distributed ledger initiative signifies the savings the banking sector believes blockchain technologies can deliver to the financial services sector.
Market Trends | Intellectual Property
A European patent regime with unitary effect and a Unitary Patent Court is set to come into force as early as 2017, making it simpler and cheaper for international corporations to defend their intellectual property rights.
Innovation is bringing transparency and diversity to the FX market.
Real-time payment remains the holy grail of global transaction processing. And like the grail, it remains elusive.
Card Processing | The United States is slowly catching up to the rest of the world in transaction processing, shifting from mag-stripe to more secure EMV payment cards.
Winterkorn is forced to resign after it was revealed the company was guilty of manipulating diesel emission tests.
Banks, regulators and tech companies are working together for the benefit of customers and the industry as a whole
Banks are rolling out digital products at a dizzying pace—and in the process, reinventing the industry.
Dick Oskam, global head of sales for transaction services, ING, talks virtual bank accounts and blockchain technology.
Capital Markets | Mergers & Acquisitions
German auto manufacturers Audi, BMW and Daimler have acquired the Finnish company Nokia’s high-precision digital mapping service Here for €2.8 billion ($3.1 billion).
At this point, it’s pretty much assumed that hackers are going to break into corporate computer networks. Global Finance talked with Michael Morris, chief Technology Officer of root9B, which offers cybersecurity services to corporate and government entities, about the war on digital attackers—and how businesses can retake some ground.
The appointment of former Goldman Sachs executive Michael Evans as president of Alibaba is the latest move in the Chinese conglomerate’s attempts to expand its business beyond its domestic base.
Mayank Mishra, Citi’s managing director and global head of online banking and connectivity services, describes balancing global digital solutions with the specific needs of corporate clients.
Tariffs on hundreds of information technology (IT) goods—201, to be precise—will be slashed starting next year as a result of a sweeping agreement in July by member nations of the World Trade Organization.