News and insights for IT executives about the evolving financial world driven by fintech that increasingly includes digital payment technology, financial inclusivity, cryptocurrency, online banking, and more. Examines innovations that can emerge from startups yet may signal changes to incumbent financial institutions. This can include adoption of digital currencies, decentralized finance systems that can eliminate intermediaries, and the introduction of new regulatory policies in response.
With banks like this, the old cash-under-the-mattress investment philosophy is starting to look pretty good: The World Bank has announced the ban of outsourcer Wipro for four years, shortly after having done the same to Satyam. So it's bouncing core IT partners, is still reeling from massive data breaches, and has a new acting CIO. If the World Bank were a stock, would you buy?