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Fintech
Where money and technology meet, from fintech news and innovations to the latest on the key banking and finance disruptors. From challenger banks to digital security and payments, the world of finance is being transformed by technology. Verdict looks at the key finance and fintech news to keep you up to date with the latest news and innovations in the sector.
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16 Oct
Public funds to go on the blockchain with EY government platform launch
EY has launched a platform for governments that will see public funds put on the blockchain.
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14 Oct
London financial services jobs “defying political chaos”, but uncertainty remains
With continued uncertainty over when the UK will leave the EU, many businesses have been left with more questions than answers when it comes to Brexit planning.
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11 Oct
Royal Mint launches first solid gold payment card
Gold payment cards have long been a status symbol, synonymous with high-earners.
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9 Oct
Nearly half of young people would switch banks for a better digital experience
Nearly half of young people would consider switching to a different bank in order to receive a better digital banking experience.
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8 Oct
Natwest launches first biometric credit card in the UK
Natwest has launched the first biometric credit card in the UK, allowing customers to make payments using only their fingerprints.
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18 Sep
PSD2 deadline extension signals “lack of preparedness” among banks
The 14th of September was supposed to be the day that the last part of the Payment Services Directive, or PSD2, was rolled out across the EU.
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18 Sep
Why insurance needs Tesla’s autopilot too
“Hello Timo, nice to see you.
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16 Sep
Payments innovation could cost banks $280bn in lost revenue by 2025
Traditional banks that are slow to respond to innovation in the banking industry could lose up to $280bn by 2025 as the offer of instant, invisible and free payments wipes out once lucrative payments revenue channels.
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5 Sep
The State of Open Banking: Despite promise, significant challenges hold banks back
While financial service providers recognise the promise of open banking, few feel that they’re in the best position to take advantage of it.
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3 Sep
In the move towards cashless, consumers are worried about going cardless
According to a study conducted earlier this year by UK Finance, just one in ten adults in the UK now opts to only use cash, with the rapid with the rapid growth of contactless payment and decline in the number of ATMs leading many to predict that the UK may become a cashless society in
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27 Aug
Natwest and RBS IT glitches “may result in reputational damage”
Natwest and RBS customers have been left without access to their online accounts after the two banks were hit by IT issues.
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6 Aug
Monzo PIN breach – a GDPR fine in the making?
Monzo has told some 500,000 of its customers to change their personal identification number (PIN) after the challenger bank incorrectly stored them in its own internal systems.
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1 Aug
Wish funding round sees ecommerce giant hit $11bn valuation
Mobile shopping giant Wish has announced that it is now valued at $11.2bn after a successful Series H funding round.
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31 Jul
UK VC deals set for record year, buoyed by fintech surge
UK venture capital (VC) deals are set for a record year in terms of total funding secured, according to research published today.
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10 Jul
The Bank of Amazon: How big tech is disrupting banking
The announcement that Facebook was entering the world of cryptocurrency through the launch of Libra has certainly sent shockwaves through the tech sphere, with its future as the “global currency” hotly debated.
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4 Jul
Future of open banking in jeopardy as banks fail to meet deadlines
Swedish open banking platform Tink has warned that many banks are not providing “the proper technology environment” for third parties to make the most of open banking regulations.
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3 Jul
Multiply becomes first FCA-approved finance advice app
Multiply has become the first financial planning app to be approved by the Financial Conduct Authority (FCA).
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27 Jun
25% of European banks could leave customers vulnerable to phishing
With 90% of consumers worrying about having their online financial accounts hacked, ensuring that online banking is protected from phishing attacks and other vulnerabilities is essential, especially as 76% of data breaches are financially motivated.
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4 Jun
Why size matters when it comes to fingerprint biometric sensors
To make card payments more convenient and secure, issuers are looking to integrate biometric fingerprint technology into their cards.
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3 Jun
Will biometrics drive up identity fraud? Half of British people think so
The use of biometrics as an alternative to traditional passwords is on the rise, with everything from facial and voice recognition to fingerprint authentication seeing climbing use across hardware, banking and beyond.
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28 May
APP scam victims could now be refunded by their bank under new regulations
A new industry code, designed to repay those who have fallen victim to financial scams, comes into force today.
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10 May
Uber insanity: The low Uber price can’t hide the “precarious” reality
Would you invest in a company that makes no money and has warned would-be investors that it may never do so?
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15 Apr
UK becomes top investment destination – despite Brexit
The UK is defying ongoing Brexit uncertainty by becoming the most popular destination for foreign investment in the world, according to a report published today by EY.
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10 Apr
Cashless society in the UK: which cities are turning their back on cash?
As contactless card spending surged by nearly a third in 2018, and with over 20 million transactions taking place each day, new data released by Paymentsense reveals the UK cities leading the move towards a cashless society.
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3 Apr
Apple Card will “make it harder for people to leave the Apple ecosystem”
At the end of last month Apple’s latest series of announcements were broadcast from the Steve Jobs Theatre in Culpertino.
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2 Apr
Embracing open APIs in financial services to offer a better customer experience
The speed at which consumers have adopted mobile digital platforms is testimony to how highly they prize the convenience of mobile apps.
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2 Apr
Financial services apps in “vulnerability epidemic”: 97% have serious security issues
A research project into the security of financial services apps has identified serious issues with the majority of those tested, which could in many cases lead to the exposure of user data to hackers.
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28 Mar
Klarna announces Open Banking Platform, making it easier to capitalise on PSD2
Financial services provider Klarna has announced its new Open Banking Platform, which will provide fintechs with easy access to thousands of banks across Europe.
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27 Mar
UK fintech dominates Tech Nation Future Fifty list
Tech Nation has announced the 24 companies chosen to join its Future Fifty scheme, with digital banking featured heavily in the list.
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22 Mar
Artificial Intelligence in banking: Helping banks to remain competitive against digital-first players
Many of us have put the 2008 financial crisis to the very back of our minds – it is a time we do not want to dwell on.