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Category: Operational


Activity, Capital and Risk, Insurance, Operational

Intact, Resilience Insurance to Provide Cyber Risk Coverage, Services

November 19, 2020

Via: Insurance Journal

Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program manager Resilience Insurance. Through the new partnership, standalone cyber coverages coupled with […]


Capital and Risk, Operational

Unlocking the benefits of unstructured data in banking

October 20, 2020

Via: FinTech Futures

But the sector wasn’t always as open to embracing new technologies. Until the arrival of challenger banks like Monzo and Starling Bank a little over five years ago, who showed the benefits that taking a digital-first approach could bring, traditional […]


Capital and Risk, Operational

Global card spend grows 13% in 2019, mostly down to China’s UnionPay

October 9, 2020

Via: Banking Technology

The report cited three main drivers for the strong growth: financial inclusion initiatives in developing countries, rise of contactless in more mature markets, and the hygiene concerns around cash during COVID-19. UnionPay – the world’s largest card payment organisation based […]


Activity, Capital and Risk, Operational, Trading

Tokyo Stock Exchange grinds to a halt in worst outage for 21 years

October 2, 2020

Via: FinTech Futures

The exchange announced the shutdown at 9 am local time, adding later that all trading would be halted for the entire day. TSE operator, Japan Exchange Group, has released a statement saying the issue will be fixed in time for […]


Capital and Risk, Operational

ABA and 1500 member banks launch anti-phishing campaign

October 1, 2020

Via: Finextra

The public facing campaign, #BanksNeverAskThat, is a fresh, bold plug-and-play campaign that fights phishing fraud by turning bank customers into expert scam spotters. It launches as the industry kicks off Cybersecurity Awareness Month in October. “This campaign is an unprecedented […]


Capital and Risk, Operational

Financial organisations require a new cybersecurity “playbook” for the post-pandemic era

September 29, 2020

Via: FinTech Futures

In its report, Verizon reveals that the financial sector ranks fourth among all sectors (1,509 incidents), and at second overall just behind healthcare (448 breaches) in its analysis of more than 32,000 security incidents and 3,950 breaches. In addition, these […]


Capital and Risk, Operational

JPMorgan Chase rolls out digital hub, tools to protect businesses against fraud

September 28, 2020

Via: Finextra

To help businesses protect against potential threats, JPMorgan Chase today introduced Fraud Protection Services, a new digital hub with enhanced fraud prevention tools that helps small and mid-sized clients protect their businesses and manage money safely. The new offering is […]


Capital and Risk, Channels, Operational

The move to cloud-native banking and the role for continuous intelligence

September 25, 2020

Via: Finextra

According to research by Finastra and Efma, banks saw digital transformation as their most pressing issue for the future. 81 percent listed the move to digital as their biggest priority for the next one to three years, while 66 percent […]


Capital and Risk, Operational

Fraudsters rake in £58m during COVID-19 by impersonating banks

September 16, 2020

Via: Banking Technology

According to UK Finance, its members reported 15,000 cases between January and June 2020. Criminals raked in more than £58 million using the technique. Impersonation scams occur when a victim pays a criminal claiming to be from a trusted organisation. […]


Capital and Risk, Operational

Four US digital trading apps experienced technical issues this week

September 3, 2020

Via: Banking Technology

Some reports have speculated that Apple and Tesla’s stock splits, which came into effect on 31 August, had something to do with the trading apps’ problems. The digital brokers have since resolved the issues they were having on Monday. What […]