European Union’s lawmakers are known to trying regulate everything new or what’s not working as they wish. In many cases it backfires and leads to over-regulation and stagnation of innovation. However, it’s efforts to regulate financial markets may have been opened new opportunities for global FinTech industry looking for universal standards. FinTech companies may use clearly defined regulatory framework to create save environment and gain consumer […]
Artificial Intelligence (AI) is hot topic – AI software AlphaGo in March defeated the world champion in Goand game such making a mark in AI history. There is no doubt that AI will change industries and our jobs – including finances. So Baker and McKenzie in their recent survey report “Ghosts in the Machine: Artificial intelligence, risks and […]
Biometrics are coming into our lives very fast. It rises both concerns and opportunities. Recently MasterCard announced a new authentication solution – selfie. Soon instead of entering a PIN or password you will be able to authorize a payment by taking a selfie.