Technology

Despite some growing support for central banks issuing digital currencies, the practice raises important privacy concerns and questions about the structure of the banking system.

Providing access to accounts in a disorganized or incongruent manner could endanger PSD2’s opportunities for the entire market, according to Shahrokh Moinian, global head of cash products and cash management at Deutsche Bank.

Two trends — competition from challenger banks and the emergence of real-time payments — threaten to eat away at the fees banks collect on overdrafts and bounced checks.

The coming year will bring a wave of data-sharing deals between banks and fintechs, increased bank use of automated advice, marked changes to financial jobs as a result of automation, and much more.

Following the departure last year of several top executives amid downward pressure on earnings, Diebold Nixdorf has named three people to fill its executive ranks.

Slumping stock prices may force banks to press pause, but the need for low-cost deposits and scale could provide a spark later this year.

Hungary’s commercial banks have started the initial testing phase of an instant payments scheme, with plans to go live on July 1 for domestic broadscale use.

Marriott International Inc. says the number of guest records exposed in a cyber-security breach is lower than it estimated when it disclosed the attack in November.

Sell-offs are happening all over, bitcoin has shown strength in the past and is attracting partnerships, argues Ken Gary, vice president of corporate strategy and development at Stafford Communications.

Banks and payment companies are already comfortable using artificial intelligence to guard against fraud. The tech could soon be just as welcome in creating payment products and matching them to potential customers.