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Here, FT journalists explain the potential of these new developments in the retail and institutional financial services industry Supported by Infosys
...Zopa, the UK digital bank backed by SoftBank, has swung to profitability, taking the fintech group a step closer to an anticipated public listing....
...CNN has already tried a digital subscription service called CNN+, which was closed just a month after its launch in April 2022....
...The charter stipulated that no telecare users would be migrated to digital landline services without confirmation that a functioning solution was in place....
...Sky is planning to cut about 1,000 jobs across its business in the UK this year as more customers switch to digital-only services and away from the traditional satellite dish that made the broadcasting giant...
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The problem with these streaming services is that the unlimited amount of choice is paralysing. How are we supposed to work out what to listen to?...
...ITV has been hit by lower spending by advertisers on linear TV channels, and has set out plans to reposition the group to focus on its growing digital streaming services, as well as expanding its global...
The bids for Paramount Global demonstrate where entertainment may be heading
...But despite the bad headlines, some of the biggest names in the financial services industry are still deeply interested in trading crypto and are building or backing their own digital markets ventures to...
...Stablecoins are a form of digital cash akin to chips in a casino, allowing holders to easily switch between trading on different markets....
...Claer Barrett’s interesting survey of the popular perceptions around the collapse in satisfaction levels of UK customer service (“How did it get so bad?”...
...For, as Staab admits, and as the evidence indicates, the billions of users of digital technologies greatly value the (often free) services they get....
...Digital coins remain highly popular in Hong Kong despite links to a series of freewheeling practices in the past....
...“On the one hand you could say the UK is behind on opening up to the world of digital assets....
...The fintech said it would also provide Harvest with access to its digital payment token suite of services....
...access their services and see all the account information of their clients.”...
...Copper enables hedge funds, asset managers and other institutions to securely hold and trade digital assets on exchanges....
...Javier Espinoza and Richard Waters’s Big Read piece on whether Google and other platform companies will comply with the EU’s Digital Markets Act poses the question: “Will Big Tech agree to play by Europe...
...The DMA, by contrast, has taken on the entirety of some of the most prominent digital services in use today. In Silicon Valley, this has been met with deep apprehension....
...and Digital Services Act) and most recently artificial intelligence....
..., the Money and Pensions Service (MaPS)....
...Digital commerce only continues to proliferate, making it increasingly lucrative to be a toll collector. But ambitious deals in financial services are never easy to pull off....
...But it will now be forced to spend about 10 times that amount rebuilding most digital services at an estimated cost of £6mn-£7mn, according to a person familiar with the matter, consuming a sizeable proportion...
...In 2017, Kotak Mahindra launched its digital banking service called 881, which now accounts for about 95 per cent of its personal loans by volume....
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