Daily news

Showing Latest Daily news

UK Banking industry stops £4.5 million of fraud a day in H1 2019

27 Sep 19 @ 12:56

The finance industry prevented £820 million of unauthorised fraud in H1 2019, up 14% on the previous year, according to the latest figures from UK Finance. This is equivalent to £2... read more

UK m-commerce soars 141% in a year as consumers turn to smartphones

27 Sep 19 @ 08:35

M-commerce and the use of smartphones for online shopping in the UK has skyrocketed by 141% in 12 months, research by Feefo has found. By contrast, the use of laptops and desktops... read more

Digital transformation presents banks with trillion dollar profit opportunity

26 Sep 19 @ 11:24

Temenos has announced the first set of results from the Temenos Value Benchmark, a strategic, survey-based program providing in-depth analysis of how software capabilities impact a bank’s profitability. Key findings... read more

Deutsche Bank to join blockchain based Interbank Information Network (IIN)

25 Sep 19 @ 12:43

Deutsche Bank has signed up to Interbank Information Network (IIN), the financial services industry’s biggest blockchain project, led by  JPMorgan Chase. The IIN announce Deutsche to a network of 320... read more

Cash still resilient to growing array of digital alternatives

25 Sep 19 @ 09:56

In most countries, cash payments’ share of total payments volume is declining. However, cash in circulation (CIC) remains stable or up slightly over the past five years. Cash has been... read more

Bringing contactless to e-commerce – The answer to SCA

24 Sep 19 @ 15:15

On the 14th September, the EU formally introduced its Strong Customer Authentication (SCA) regime as part of the PSD2 roll out. Whilst this regulation aims to ensure greater security for... read more

Financial inclusion continues to drive ATM growth in Asia

24 Sep 19 @ 09:33

Asia-Pacific is home to almost half of the world’s ATMs, and within this vast region, some countries continue to witness impressive growth, whilst others have started to shrink. Having grown... read more

Ant Financial – the world’s most valuable private FinTech – heads for IPO

24 Sep 19 @ 08:34

Ant Financial is the world’s most valuable private FinTech company, and grew out of Alipay, the payments system founded by Alibaba in 2004. It also owns Yu’e Bao, the world’s... read more

65% of banks struggling with payment profitability

24 Sep 19 @ 08:19

Based on a global survey of senior executives at the world’s top-tier banks, a new report from Aite, reveals that high costs, low margins and increasingly commoditised business models are... read more

Black Market report reveals latest hacker and Cybercrime-as-a-Service price list

19 Sep 19 @ 15:37

Armor has released its annual Black Market report 2019 which shows that cybercrime-as-a-service is thriving, with cybercriminals staying ahead of the game by offering a raft of new goods and... read more

Are Financial Institutions prepared for new European payments architecture?

19 Sep 19 @ 11:49

SWIFT has published a new paper on the evolution of the European payments landscape and the preparations that need to be made by the region’s financial institutions. The paper, Brave... read more

The World Payments Report 2019

18 Sep 19 @ 09:33

According to the World Payments Report 2019, which tracks and analyses non-cash transaction volume, regulatory and industry initiatives, and digital transformation across the global payments market, global non-cash transactions are... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more