Before the end of the year, customers in Pizza Hut in Asia will be able to order pizza from SoftBank Robotics' humanoid robot "Pepper." If they are MasterCard customers, they can not only pay the robot using their MasterPass digital wallet, but they can receive personalized recommendations from Pepper as well.
Blockchain technology has the potential to make the financial system more efficient and secure, and government and industry should collaborate to further develop it, IBM told a presidential cybersecurity panel last week. The company contends that with government investment, blockchain technology could boost national competitiveness as well as national security.
A new survey of financial services compliance personnel found growing concern about the ability of firms to manage the growing "compliance perimeter" posed by new communications channels. In total, less than half of survey respondents said that they were "mostly" or "completely" confident that their firm's current communications supervision program would effectively identify risks.
FICO is launching a Score Simulator on its myFICO.com site that will allow consumers to test how different actions would affect their credit scores. With the rise of robo-advisors, many financial institutions and fintech companies are introducing more of the self-directed financial management tools that consumers seem to be demanding.
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When the U.S. credit and debit card industry began its transition from magnetic stripe cards to chip cards last year, the move was hailed as an essential step toward making card transactions more secure. Now, as the conversion is underway, some retailers have voiced their first complaint about the new technology.
Nasdaq has launched a redesign of its technology architecture into a more open, agile environment that the company describes as "evolutionary." The new architecture, which Nasdaq calls the Nasdaq Financial Framework, divides Nasdaq technology into key component layers to make it easier for end user firms to leverage the latest technology and bring new functionality to market more quickly.
Neptune, the open standards network utility for sharing axe and inventory information in the bond market, has completed a connection to Fidessa's Minerva buy-side OMS. The connection means that buy-side firms using Fidessa can access pre-trade bond data on the Neptune network using their existing workflow.
A detailed study profiling 750 fraudsters found that an increasing number of perpetrators are opting to commit fraud upon identifying weak controls within a company.
Bloomberg has launched Entity Exchange, a web-based platform intended to help buy-side firms speed onboarding with trading counterparties. The platform streamlines the onboarding process by serving as a centralized repository through which hedge funds can store, manage and securely share data with brokers and other counterparties.
When TradingView first launched about four years ago, it sought to give retail traders access to the tools and advantages of their professional counterparts, including data, charts and analytics, along with a community of peers with which to exchange ideas. Now, with just over a million monthly active users, this trading information and social network is adding a key feature it didn't have: trading.
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7 out of 10 midsize and large companies still use spreadsheets for planning.
Capital requirements and leverage restrictions constrained and changed acquisition financing last year, a Wachtell, Lipton, Rosen & Katz partner wrote. In 2015, expect more of the same.