Category Archives: Uncategorized

xxx As a group, banks all agree that AI is important, but their strategies for using it vary wildly. One European bank that took part in the survey told the FT it had 500-800 people working on AI; Nordea, of Sweden, generally believed to be one of the world’s most technologically advanced banks, says itContinue reading “AI in banking: the reality behind the hype”

xxx “It’s the tokenization of the asset that’s the revolution,” said Dave Birch, director of innovation, Consult Hyperion, a London-area consultancy that specializes in secure transactions. Birch interviewed corporate venture-capital manager Jonathan Larsen at Money20/20 Asia. “Tokenization is a really massive trend,” Larsen said. “That’s a much bigger story that cryptocurrencies, initial coin offerings (ICOs),Continue reading “Institutional Crypto Terms | FinTech Rising”

xxx Mr Silvester also warned owners to be careful when handing their fob over to valet parking services or car washes, as keys can be cloned “in seconds”, allowing thieves to take the car at a later date without any external signs of damage. From Car thieves target middle-class areas, data reveals, as police warnContinue reading “Car thieves target middle-class areas, data reveals, as police warn drivers to invest in a steering wheel lock”

xxx “According to Swiss National Bank (SNB) governing board member Andréa Maechler, private-sector digital currencies are better and less risky than nationally-issued versions.” From “Gov’t-Issued Digital Currencies Threaten Financial Stability, Says Swiss Central Banker”. xxx

xxx “Virtual ID  gives the users the option of not sharing their Aadhaar number at the time of authentication. – The Virtual ID, which would be a random 16-digit number, together with biometrics of the user would give any authorised agency like a mobile company, limited details like name, address and photograph, which are enoughContinue reading “UIDAI unveils Virtual ID in beta form – Here’s how VID for Aadhaar works | Personal Finance News”

xxx “Three months ago Muniya Devi travelled some 35km to the nearest town to submit the forms and papers necessary to get her family’s ration cards linked to Aadhaar. People at the office demanded a bribe to get the job done, so she paid them 400 rupees, nearly four days of family earnings. ‘They sayContinue reading “Aadhaar: Is India’s biometric ID scheme hurting the poor? – BBC News”

xxx “The Sun on Sunday tested it on a busy high street and were able to clone a test ‘victim’s’ credit card in seconds” From “How crooks are using a legal app to steal your bank card details in under one SECOND”. This is, of course, fake news. You can’t clone an EMV card usingContinue reading “How crooks are using a legal app to steal your bank card details in under one SECOND”

xxx We just discovered that we may have lost the signing key allowing us to update the app Note: key isn’t compromised, just was accidentally deleted and isn’t recoverable — ACINQ (@acinq_co) April 7, 2018 https://platform.twitter.com/widgets.js xxx

xxx In what it calls an attempt to promote “trustworthiness” in its economy and society, China is experimenting with a social credit system that mixes familiar Western-style credit scores with more expansive — and intrusive — measures. It includes everything from rankings calculated by online payment providers to scores doled out by neighborhoods or companies.Continue reading “Life Inside China’s Social Credit Laboratory – Foreign Policy”

xxx “The Belgian Ministry of Foreign Affairs elected the contractor and had to transfer money to the company’s account. Then the scammers appeared in the game, who impersonated the company and sent the Belgians the account number of the company they controlled. Oblivious to fraud, employees of the Ministry of Foreign Affairs have shed overContinue reading “Kolumbijskie kartele prały setki milionów zł przez spółki z Pruszkowa i okolic – tvp.info”