Topic: Financial institutions

The latest instalment in the Tulip Trading v Bitcoin Association litigation has been greeted with relief by many in the blockchain community, after the High Court threw out a claim that bitcoin developers (including several bitcoin forks) owed a duty of care or a fiduciary duty to an alleged owner of bitcoin.

Regulation of artificial intelligence is on the way in many regions across the globe. The EU Commission has proposed an AI regulation that would apply to financial institutions, and governments elsewhere are considering their own regulatory responses.

Director Quentin Tarantino recently announced that he would be auctioning as non-fungible tokens (“NFTs”) excerpts from the original handwritten screenplay of the 1994 film Pulp Fiction.

What happens when electronic cryptocurrency platforms do not function properly or the platform operators work against their own users?

While providing the opportunity for greater efficiency and revenue, better qualified personnel and improved risk management and compliance, there are important ethical and security risks that banks need to properly manage if they elect to use AI.

This blog post examines the Payment and Electronic Money Institution Insolvency Regulations 2021 which provide for a new special administration regime for payment and electronic money institutions.

The much anticipated report published by the Alan Turing Institute provides an articulate and succinct overview of the technical aspects of AI in three key areas of innovation relevant to the financial services sector (machine learning, non-traditional data and automation) and the consequential challenges in design and deployment.

In this special edition of FinTech Pulse, Madeline Bailey, co-head of Technology consulting is joined by one of the most influential women in European InsurTech, Parul Green, Board member of Insurtech Board, HM Treasury and Chief of Staff, APAC and Europe at AXA XL, to discuss the state of all things innovation and InsurTech in the Insurance sector.

The payment services landscape is currently overshadowed by the scandal around Wirecard. Unfortunately, this is distracting the focus from technological innovation and the increasing digitisation of daily life.

With the growth of app-induced innovation, various robo-advising platforms have taken the lead in providing investors with seamless, efficient, and cost-effective means of advice.