• Thu, 30 May 2024

Digital wallets are providing millions of people with their first opportunity to save, make digital payments, and develop a transaction history attesting to their creditworthiness. At the WSIS+20 Forum High-Level Event, the International Telecommunication Union (ITU) and the Linux Foundation announced their intent to launch an OpenWallet Forum to stimulate global access to the digital […]

  • Tue, 23 Apr 2024

The “shared secret” username-password model of authentication comes with security risks too great for digital financial services. Even the best-formulated passwords can be compromised. When user credentials are stolen, people’s investments, credit card accounts, and hard-earned savings tend to follow. Are you working on password-less authentication solutions on blockchain to safeguard people’s money? The ITU […]

  • Thu, 22 Feb 2024

By Simon Torkington, Senior Writer, Forum Agenda , World Economic Forum Over the past decade, the global financial technology (fintech) industry has experienced a surge in growth. Digital banking and financial services are proving transformative, both in developed economies and also in regions where billions of people have previously struggled to access banking services. New […]

  • Tue, 13 Sep 2022

Explore the various challenges that consumer protection and data privacy law and regulation face with regard to big data and machine learning techniques. Read now!

  • Wed, 24 Aug 2022

By ITU News While seeing his friends and neighbours struggle to achieve financial stability, Clement Muhirwa sensed an opportunity for innovation. Many of Rwanda’s contractors and casual workers, even when earning decent wages, remain “unbanked” – excluded from the formal financial system. All around him, the Kigali-based innovator saw people who, although gainfully employed, lacked […]

  • Mon, 02 May 2022

By ITU News Older people who suffer from dementia are likely to start having problems managing their money years before their clinical diagnosis. Financial mistakes, such as forgetting to pay bills or trouble managing savings, may be an early sign of Alzheimer disease, according to the researchers behind a 2021 US study that analysed more […]

  • Fri, 18 Feb 2022

By ITU News Digital currency is a relatively new but buzzing field of finance. Recent months have seen countries from Sweden to Jamaica start exploring or piloting their own central bank digital currencies (CBDCs).   In fact, nearly 70 financial institutions around the world have stated that they are investigating CBDCs, the most recent being […]