What we concluded is a waving green flag for digital transformation. Digital maturity is increasingly associated with higher market valuations, indicating that digital leadership is an important determinant of economic success. The higher valuations are also justified by better operating economics and return on capital. But unlike many digital-native businesses, improvements in operating economics are being driven by efficiency, not differential revenue growth. Our research shows that the more digital a bank becomes, the more …

Samsung Quietly Releases a Blockchain SDK for Dapp Creation

Access to the SDK is currently limited – users aren’t able to download the SDK directly but must request access – and it’s not clear when users will be able to experiment with the code let alone use it in production. Samsung also announced its own KeyStore, a device-based private key storage system within Samsung’s security layer, called Knox.

Top 9 Ways Artificial Intelligence Prevents Fraud

Rule-based engines and simple predictive models could identify the majority of fraud attempts in the past, yet they aren’t keeping up with the scale and severity of fraud attempts today. Fraud attempts and breaches are more nuanced, with organized crime and state-sponsored groups using machine learning algorithms to find new ways to defraud digital businesses. Fraud-based attacks have a completely different pattern, sequence, and structure, which make them undetectable using rules-based logic and predictive models …

Biggest changes in digital banking are just ahead

It’s often hard to truly understand the sudden changes that are about to occur in an industry, even if that change is imminent and predicted. If you were to have made a prediction some years ago that “e-commerce is going to radically alter the retail landscape” you would have been right, yet your understanding of that phenomenon would have been somewhat removed and academic. But now that we are well into the unfolding of that …

Facebook’s cryptocurrency is a centralized wolf in decentralized sheep’s clothing

Joe Lubin (ConsenSys): Yet, with the Libra whitepaper, Facebook is not eliminating subjective trust, but imploring us to trust in Libra. You have to trust that one Libra coin will have “intrinsic value” by being backed by a basket of currencies and government bonds, rather than the capriciousness of daily cryptocurrency price swings. Facebook will seek trust from regulators that its Calibra wallet can comply with know-your-customer and anti-money laundering laws by requiring government-issued IDs to verify an account. It …

A radically new Zcash blockchain is being built to serve 10 billion users

In essence, the ECC is working out how to turn the Zcash blockchain—which was based on bitcoin’s code and has inherited many of its limitations—into one that can handle thousands, if not millions, of transactions per second. That shakeup is so radical, it’s likely to involve an entirely new blockchain to enable “sharding,” a scaling solution the foundation is considering. Sharding is a complex way of architecting databases, sometimes across a variety of servers, to …

Payments: Looking to the future – instant, accessible, ubiquitous [SWIFT paper]

Innovations in domestic retail payments have multiplied at a gravity-defying pace in recent years, driving unimaginable improvements. Entire domestic markets have completely transformed the way they shift value. With goods and services moving more quickly and across greater distances than ever before, value needs to shift further, faster. Value transfers must be friction-free. They must also be safe, secure and compliant. While banks sit at the centre of this, the core architecture is key. It …

The digital banking revolution is here. So why are so few people putting their salaries into app-only bank accounts?

consumers are still hesitant about putting significant amounts of money in these accounts, and making them their primary ones. Although there are signs that this scepticism will soften over time as the technology and brands becomes more well known, but it’s clear that fintech challengers also have a way to go in convincing consumers that they are a safe, long term option for their money.


Blockchain software, which is open source, evolves through a process of forking, which occurs in response to a challenge. This is analogous to mutation, where various blockchain elements or “genes” are adjusted and then either promoted or discarded in order to alter the underlying “DNA” of the network and potentially increase its fitness. Decentralisation plays in important role because it is able to expand a fundamental niche.

The Mobile Revolution in Banking: From China to the US

The Chinese digital ecosystem “blend[s] social media, commerce and banking—all run by two of the world’s most valuable companies [Alipay and WeChat Pay]. That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them.”

Everything You Need to Know About Artificial Intelligence and Machine Learning in the Insurance Industry

The rising impact of digital technologies is well and truly providing enterprises with a huge amount of data, thus opening up various avenues to Big Data and Analytics. Analytical models can predict results, discern patterns and accentuate outliers amongst another set of business cases. By definition, insurance happens to be an industry that is predominantly built around risk & companies greatly depend on their ability to predict what risks a person, company, or organization represents. …

How the self-employed will drive the future of UK banking

The number of microbusinesses and self-employed people continues to climb steadily – despite a strong labour market and many full-time opportunities – as people embrace more flexible schedules and make use of better technologies for remote work collaboration. However, most traditional retail banks have been slow to target this group, which is generally less interested in a large branch network and dissatisfied with digital.