Technology

The National Bank of Kuwait is leveraging Ripple’s blockchain technology for a new cross-border payments service.

With managers able to approve employees spending via an app on their phone, it empowers employees, shows they are a trusted member of the team and gives them confidence that their employer is forward-thinking, investing in the latest technology to give them the tools they need perform, according to Nick Campbell, head of product strategy and innovation at Fraedom.

Mastercard has entered a partnership with Sri Lanka telecommunications and mobile network operator Dialog Axiata PLC to support mobile payments on Dialog devices.

As banks begin to use artificial intelligence in their businesses, they’ll need to consider the potential for bias as well as the impact new technologies will have on workers.

The rise of contactless cards could eclipse mobile payments adoption, experts predicted, while evolving fraud threats may give rise to increased account controls for consumers.

Merchants will need to feel comfortable that enough of their vendors will also accept crypto, writes Jared McClure, co-founder and COO of CrayPay.

Despite years of advancements in mobile and online payments, the physical point of sale remains still ripe for disruption.

The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.