27 March 2017
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Latest research/analysis news

UK FS firms see fight against cybercrime as major challenge

British financial services firms expect to increase IT spending at a healthy rate in the near future, according to a CBI/PwC survey which also shows that combatting cybercrime is a growing imperative for the industry.

Russian hacker pleads guilty over $500m Citadel malware
Retail banking

Russian hacker pleads guilty over $500m Citadel malware

23 March 2017  |  4473 views  |  0 comments | 2 tweets | 7 linkedin

A Russian hacker accused of helping to develop and maintain the notorious Citadel malware toolkit, which was used to steal more than $500 million from bank accounts, faces up to 10 years in a US prison after pleading guilty to computer fraud.

Can banks really win in the payments business of the future? – new Finextra report
Retail banking

Can banks really win in the payments business of the future? – new Finextra report

20 March 2017  |  9012 views  |  0 comments | 23 tweets | 37 linkedin

New research from Finextra finds that banks must re-evaluate their role in the payments industry due to growing demand from digitally driven customers, new regulation, pioneering technology and the need to prioritise innovation over legacy.

G20 urged to set up central bank blockchain consortium
Retail banking

G20 urged to set up central bank blockchain consortium

20 March 2017  |  6664 views  |  0 comments | 18 tweets | 18 linkedin

The central banks of the G20 countries should set up a blockchain consortium to study the technology, investigating areas such as the creation of digital national fiat currencies, says a report from the Centre for International Governance Innovation (Cigi).

Banks embrace the cloud
Wholesale banking

Banks embrace the cloud

17 March 2017  |  6632 views  |  0 comments | 18 tweets | 20 linkedin

Overcoming security concerns, the majority of financial services firms in the US and Asia Pacific have embraced cloud technology, won over by the potential for massive cost savings, according to research from IDC Financial Insights.

Britain to go cashless in 2043?
Mobile & online

Britain to go cashless in 2043?

14 March 2017  |  10070 views  |  4 comments | 20 tweets | 27 linkedin

Britain will finally be cashless by 2043, at least that's what an online casino is betting after examining paper money's form.

FS firms riddled with poor code
Security

FS firms riddled with poor code

10 March 2017  |  5441 views  |  0 comments | 12 tweets | 10 linkedin

The financial services industry is putting itself at security risk thanks to poor quality software code, according to analysis from Cast.

Brits warm to mobile tap and pay
Payments

Brits warm to mobile tap and pay

28 February 2017  |  6479 views  |  0 comments | 14 tweets | 13 linkedin

Hurried workers grabbing lunch on the go and relaxing with an end-of-day pint are behind rising UK mobile contactless payment numbers, according to Worldpay.

Kaspersky records uptick in financial phishing and banking malware
Retail banking

Kaspersky records uptick in financial phishing and banking malware

24 February 2017  |  7620 views  |  0 comments | 6 tweets | 9 linkedin

2016 saw a big increase in financial phishing and banking malware, with crooks particularly targeting Android users, according to cybersecurity specialist Kaspersky Lab.

Global fintech funding plunges in 2016 but expected to regain momentum in 2017
Retail banking

Global fintech funding plunges in 2016 but expected to regain momentum in 2017

21 February 2017  |  7973 views  |  1 comments | 24 tweets | 15 linkedin

Funding for fintech companies around the world plummeted in 2016, with American and European firms experiencing a particularly sharp drop in investment, according to a report from KPMG and PitchBook which nevertheless predicts a bumper 2017.

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