Christine Lagarde, managing director of the International Monetary Fund (IMF), urged central banks to consider launching digital currencies as she outlined the findings of the international organisation’s new report at the Singapore Fintech Festival 2018. IMF managing director spoke on the changing nature of money, which faced a “historic turning point”.
The banking Industry is going through an age of turbulence. With the upsurge of technological accuracy, risk in banking industry is also evolving. Incidents of fraud are increasing and becoming a threat both for the consumers and regulators. At the end of January 2016, HSBC came under a cyber-attack leaving consumers