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Fintech and finance
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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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.
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15 Mar
Like banking before it, could insurance be about to have its own digital revolution?
In the past few years, the banking industry has been transformed almost beyond recognition.
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13 Mar
Adapt to survive: What’s next for open banking?
It’s likely that you’ve heard the term ‘open banking’ in recent months.
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11 Mar
Could Walmart be the next trillion dollar company?
Until now, the race to a trillion has been dominated by big tech, with both Apple and Amazon reaching the milestone in 2018.
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11 Mar
The latest banking chatbot competes with your friendly bank manager
The banking chatbot has come a long way from just linking to FAQs and referring you to a human colleague when questions get too profound.
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11 Mar
NatWest biometric payments trial to enable UK customers to pay with fingerprints
NatWest bank has announced a trial of biometric payments that will see customers in the UK pay with their fingerprints for the first time.
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6 Mar
Making tax digital: Understanding business transaction clearance
For too long, businesses across the globe paid scant attention to the paradigm shift in transaction tax enforcement.
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5 Mar
Bankers have lost confidence in financial services digital transformation
Despite growing discussion on the topic, confidence in financial services digital transformation has dropped over the past six years, according to research by Capgemini.
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4 Mar
UK banks hit with IT failures every day according to Which?
UK banks are experiencing at least one IT shutdown every day, leaving customers unable to make payments.
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25 Feb
The myth of banking on blockchain: Banks will only profit from the decentralised ledger
“A very prominent myth is that blockchain will trigger the demise of banks,” says Igor Pejic, author of Blockchain Babel.
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12 Feb
Which? urges government to intervene to stem ATM and bank closures
With the excitement surrounding fintech and the emergence of innovative digital-first banks, it is easy to overlook those who rely on cash in their day-to-day lives.
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30 Jan
Mimiro raises $30m for AI platform that spots terrorist funding
Data intelligence startup Mimiro has raised $30m for its machine learning platform that analyses the risk of an organisation having ties to financial crimes such as terrorist funding, money laundering and fraud.
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21 Jan
Travel start-up Pluto aims to be the Monzo of travel insurance
With challenger banks growing in popularity with digitally-savvy customers, other areas of finance are now moving into the digital-first space.
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18 Jan
A year on, has Open Banking worked?
This month marks a year since Open Banking was introduced in the UK.
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14 Jan
Financial Services companies target tech over M&A growth
Financial services companies now put the acquisition of intellectual property and new technologies as the most important objective in mergers and acquisitions activity, above the growth of market share or extending into new product lines.
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11 Jan
A quarter of Brits will use digital banks within five years
A year ago this month, Open Banking was launched in the UK.
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10 Jan
Robo-advisors are taking work from traditional wealth managers
The traditional wealth management industry is under threat from automation, with robo-advisors set to take market share away from their human counterparts in the coming year.
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20 Dec
DeVere urges investors to stand ground amid growing global concerns
The deVere Group has urged investors to remain invested and diversify after it compared global driving and breaking factors on returns.
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11 Dec
Data breaches threaten customer trust in Open Banking
Thanks to recent well-publicised data leaks suffered by many high-profile companies this year, customers have grown increasingly aware of and sensitive to data security issues.
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7 Dec
How AI is shaking up traditional finance trading
The financial services industry was one of the first to adopt artificial intelligence (AI) in the early 80s.
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4 Dec
Zopa aims to become “major force in retail banking” with launch of digital bank
Peer-to-peer lending service Zopa has today announced that it is launching a bank, making it the “world’s first hybrid peer-to-peer and digital bank”.
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3 Dec
Nearly 5,000 ATMs disappeared in the UK last year in the move towards a cashless society
With an increasing number of stores now exclusively accepting credit or debit, Britain is increasingly moving towards being a cashless society.