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PBOC turns to big data for financial supervision

Bloomberg China’s central bank said it created a new unit to address emerging financial security challenges brought by technological innovations. The People’s Bank of China set up a committee to improve financial technology research and coordination and will study how it affects monetary policy, markets, financial stability, payments and clearance, according to a statement released on Monday. Technology-driven financial innovation ...

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Credit Suisse to add 1,200 jobs in North Carolina

Bloomberg Credit Suisse Group AG is adding 1,200 jobs to its offices in Raleigh, North Carolina, weeks after state’s lawmakers and governor reached a deal to resolve a standoff over the state’s so-called bathroom bill. Credit Suisse will increase staff in finance, technology and operations starting this year, through a combination of moving roles from New York and making new ...

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UAE has utilised innovative technologies to boost growth

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, underlined the importance of raising government efficiency in delivering services to the public. HH Sheikh Mohammed’s remarks came during a visit to the Government Accelerators headquarters on Sunday. A solutions-based collaboration between government, private sector and academic ...

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