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10 Wednesday AM Reads

Barry Ritholtz

The magnitude of their interest rate hikes increases the risk of something breaking in the financial system. ( Techniques which allow the sharing of data whilst keeping it secure may revolutionise fields from healthcare to law enforcement. ( The Honest Broker ). Dealbook ). No longer. ( New York Times ). • The Guardian ). •

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Deep Dive: Making Smarter Payments Safer

PYMNTS

Banks and businesses handling personal information face a delicate balancing act as global systems embrace smarter payments. They must deliver services that customers and clients demand while securing their personal data. financial system could find several “digital payment trails” based on those transactions.

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China Is Picking Up Oversight Of Banking

PYMNTS

The government recently introduced measures aimed at controlling more risk and leverage in China’s financial system, looking closely at shadow banking, lending procedures and other finance practices. President Xi Jinping has also said the country’s financial security is vital to national security.

Banking 43
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How cyber attackers cash out following large-scale heists

Future CFO

trillion dollars in annual losses, said SWIFT and BAE Systems Applied Intelligence which recently released together a report titled Follow the Money. . Activities by cyber attackers and gangs across the world are estimated to result in more than US$1.5

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Facebook Q2 Earnings Preview: Ad Sales, Libra To Affect Growth

PYMNTS

Experts predict a muted growth report , and advise looking closely at the ramifications of Libra and its growth in advertising sales over the quarter, which is threatened by Amazon’s expansion in the industry. For those who missed it, PYMNTS published a recap of Libra’s week in Washington.).

Sales 44
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Bitcoin: 10 Years Of Smoke And Mirrors

PYMNTS

Yet, what’s amazing to me is that we are still, as an industry, talking about it — bitcoin, now crypto, blockchain — as if its potential to revolutionize our global financial system, and the way money moves between parties around the world, is just around the corner. But as the salvation of our global financial system, not even close.

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What The Launch Of Facebook’s Libra Means For Payments

PYMNTS

The Libra ecosystem consists of new rails, the Libra Blockchain, built by Facebook engineers, and the introduction of a new programming language, Move, designed to make it more efficient and more secure for developers to create new payments and financial services applications that run on top of it.