21 August 2017
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FS industry security concerns drive UK outsourcing market
Security

FS industry security concerns drive UK outsourcing market

04 August 2017  |  7797 views  |  0 comments | 3 tweets | 12 linkedin

The financial services sector drove the UK outsourcing market to record levels in the first half of 2017, with big firms signing major IT contracts.

Industry task force sets out US path to faster payments
Retail banking

Industry task force sets out US path to faster payments

21 July 2017  |  8608 views  |  0 comments | 5 tweets | 7 linkedin

A task force made up of hundreds of industry players brought together by the Federal Reserve has set out 10 recommendations to make payments in the US faster and more accessible by 2020.

Debit cards overtake cash to become UK's top payment method
Retail banking

Debit cards overtake cash to become UK's top payment method

12 July 2017  |  13476 views  |  3 comments | 36 tweets | 60 linkedin

For the first time, debit cards have overtaken cash to become the number one payment method in the UK, according to data collected by the British Retail Consortium (BRC).

UK FS firms invest in data analysis and process automation
Retail banking

UK FS firms invest in data analysis and process automation

11 July 2017  |  6292 views  |  0 comments | 6 tweets | 8 linkedin

British financial services firms expect to boost IT spending over the next year, with data analysis and process automation two particularly hot areas, according to the latest CBI/PwC survey.

UK banking app transaction numbers soar
Mobile & online

UK banking app transaction numbers soar

29 June 2017  |  11934 views  |  0 comments | 30 tweets | 27 linkedin

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year.

Asset managers failing to adapt to digital world
Wholesale banking

Asset managers failing to adapt to digital world

27 June 2017  |  7962 views  |  0 comments | 17 tweets | 17 linkedin

Less than half of global asset managers and asset owners think that they are adapting technology quickly enough to support their business growth needs, according to a survey from State Street.

4th EU AML Directive will make curbing crime easier, but cost banks millions
Retail banking

4th EU AML Directive will make curbing crime easier, but cost banks millions

26 June 2017  |  10073 views  |  1 comments | 16 tweets | 27 linkedin

As the 4th EU AML Directive comes into force today, a pair of studies suggests that while most UK FS industry financial crime professionals think the new rules will make it easier to prevent money laundering, they are likely to cost banks millions in inefficient KYC checks.

Asia still top dog for payments innovation but Europe gaining ground
Blockchain

Asia still top dog for payments innovation but Europe gaining ground

22 June 2017  |  9710 views  |  0 comments | 10 tweets | 9 linkedin

Asia remains home to most payments innovation but Europe is making a charge, leapfrogging Africa, North America and Latin America, according to a survey of industry execs which also calls out distributed ledger technology as over-hyped.

In race to bring blockchain to financial markets, developers embrace open-source
Blockchain

In race to bring blockchain to financial markets, developers embrace open-source

01 June 2017  |  18795 views  |  1 comments | 32 tweets | 18 linkedin

We may be living in an era of data breaches and hacking scandals but more than half of financial markets participants working on blockchain see open-source as the best model for the technology.

Legacy tech will become barrier to fighting financial crime - survey
Risk & regulation

Legacy tech will become barrier to fighting financial crime - survey

30 May 2017  |  10362 views  |  0 comments | 22 tweets | 28 linkedin

More than 90% of senior financial crime professionals working in the UK banking industry are worried that their firms' legacy technology will become a barrier to fighting crooks over the next couple of years.

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