Anthony Back
Anthony is currently a Senior Fintech Analyst at Expert Market Insight and the Director of Content at BreakingFinance, a fintech content creation firm. After spending several years tracking and analyzing technologies and investments at Israel Venture Capital, he now focuses his time conducting research and analysis on the global fintech industry to help startups, financial institutions and finance-related companies develop insightful content. Anthony’s areas of expertise include payments, trading & investing, banking, blockchain and digital currencies. He is also the lead contributor at thefintech.buzz industry blog.
European banks face €4.6 billion in fines in first three years under new GDPR (General Data Protection Regulations) according to Consult Hyperion Report. A new study commissioned by security outfit AllClear ID, ‘GDPR – Banks, Breaches, and Billion Euro Fines’ forecasts that European financial institutions could face fines totaling €4.6 billion in the first three […]
As compliance costs continue to rise, HSBC has partnered with AI startup Ayasdi to fight money laundering more efficiently. Ayasdi will help HSBC to automate parts of its anti-money laundering (AML) compliance and investigation processes that have traditionally been conducted manually by thousands of compliance officers. Despite advances in technology, traditional AML investigations in banking […]
A newly released LexisNexis financial crime survey reveals 92% of senior financial crime professionals are concerned that legacy technology could become a barrier to fighting financial crime in the next one to two years. The survey of 168 financial crime professionals working in the UK banking industry has revealed mixed sentiments about the current state […]
According to a joint survey by SWIFT and Dow Jones, 54% of compliance execs are to increase RegTech spending as geopolitical risks heighten. An annual joint survey of more than 500 compliance and anti-money laundering professionals by SWIFT and Dow Jones has found that 75% of respondents believe the current geopolitical landscape presents new risks […]
Bank of America Trends in Consumer Mobility Report exploring emerging payments trends finds mobile person-to-person payment technologies proliferating rapidly, especially among millennials. The latest Bank of America Trends in Consumer Mobility Report into emerging payment trends has found that 36 percent of adults currently use mobile P2P payments, with millennials leading the pack at 62 […]
BNP Paribas has signed a global partnership with Snap Inc. In a move to strengthen its proximity to millennials and cement its position as the leading bank on social networks, BNP Paribas has signed a global partnership with Snap Inc. BNP Paribas entered a global partnership with Snap Inc. this week in an effort to […]
A new study by UN-based Better Than Cash Alliance has revealed that Alipay and WeChat Pay facilitated $2.9 trillion in Chinese digital payments in 2016. According to a recently published study by the UN-based Better Than Cash Alliance, Alipay and WeChat Pay enabled an astonishing $2.9 trillion in Chinese digital payments in 2016. A 20-fold […]
Facebook group payments are now available through the company’s flagship Messenger application for users in the US. Last week, Facebook group payments in Messenger launched as the company continues its quest to offer its users comprehensive payment options. Partha Sundaram, Product Manager for Consumer Payments at Facebook, stated that “starting today for Android and desktop, you […]
A group of powerful Australian banks have lost their battle with Apple Pay after the country’s consumer commission denies their authorization to collectively bargain. A new ruling by the Australian Competition and Consumer Commission has denied a request by the Australian banks, Commonwealth Bank, Westpac, National Australia Bank, Adelaide and Bendigo Bank to bargain with […]
The world’s biggest banks are using chatbots to automate operations and provide a better banking experience. As competition heats up and customer loyalty declines, the world’s biggest banks are using chatbots to create a more convenient and enjoyable online experience. Here’s how five global banking giants are utilizing chatbots. Santander UK Santander UK is a […]
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