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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 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.
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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.