Category: Operational

January 6, 2022

Successful online trading demonstrates that profit is sometimes accompanied by peril. Forex, crypto, binary options, and other trading trends are popular because people believe they can get quick returns if they are fortunate, but this trading is also risky. Even […]

January 6, 2022

During the height of the pandemic in 2020, UK online fraud rose by a third according to a Which? survey, while EY estimates financial crime is costing up to $3.5 trillion a year in the US. This has created an […]

December 27, 2021

Business owners know that data entry errors can lead to a lot of wasted time and money. But they also may not realize the extent to which those errors could be avoided by taking small precautions. For example, if you’re […]

December 13, 2021

Therefore, incumbent and new PSPs have started offering financial services to a variety of stakeholders, including public governments, corporate and retail customers, with the aim to maximise the opportunities stemming from advanced technologies. These include, among the others, application programming […]

December 7, 2021

A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued Monday. The Office of the Comptroller […]

December 2, 2021

In response to increasingly frequent and sophisticated cybersecurity attacks on banks and bank service providers, the federal prudential banking regulators—the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal […]

December 1, 2021

As open banking evolves, it creates more opportunities for those whose job it is to develop propositions and the customer experience. Technology managers will have a lot more to consider too, and the most successful organisations will be those able […]

November 17, 2021

The ransomware epidemic has been ongoing for many years now, with no end in sight. The ransomware cost is getting higher and higher for both companies and individuals alike. Here are five reasons why the ransomware cost is getting higher: […]

October 25, 2021

A PwC report found that almost half – 47% – of companies surveyed experienced fraud in the past two years. That comes with a huge price tag: a total of $42 billion. And financial fraud seems to have only gotten […]

October 5, 2021

Two issues are challenging banks to capitalize on any sales momentum and risk sales inertia. Without data and analytics, banks will struggle to scale sales methodology and grow revenue — even if they have an effective sales methodology and highly […]

September 27, 2021

The partnership will see Western Union integrate Salt Edge’s PSD2 Compliance Solution as it looks to enter the digital banking space in Europe. The pilot service falls under the remit of the EU’s open banking PSD2 Directive, which aims to […]

September 22, 2021

Wells Fargo is embarking on a decade-long marathon to modernize its technology infrastructure, with the goal of operating multiple clouds alongside third-party data centers, the bank announced last week. While some high-profile financial services companies have aligned with one provider, […]

September 20, 2021

Research by Accenture predicts that between 2019 and 2023, the banking sector is at risk of losing $347 billion as a result of direct and indirect cyberattacks. The issue has further been exacerbated by the COVID-19 pandemic. Bank of America’s […]

September 15, 2021

While this sounds great on the surface – who doesn’t want access to more sophisticated knowledge, after all? – it presents serious challenges as well. One of these challenges comes in the form of identity verification. Public access to media […]

September 14, 2021

The company says that CipherTrace’s security and fraud detection capabilities provide “additional transparency and support” for the digital asset ecosystem. Mastercard plans to integrate the start-up’s suite of crypto intelligence solutions with its own cybersecurity offerings. It says this will […]

August 26, 2021

In the emerging cryptocurrency space, most investors store their assets in digital wallets, where—unlike traditional bank accounts—they earn no interest. In the last few years, cryptocurrency investors have increasingly sought to earn a yield on their cryptocurrency holdings by lending […]

August 17, 2021

Many financial institutes are hundreds of years old, and with that comes legacy systems and ingrained cultures that aren’t easy to change. Yet, as customer expectations shifted, banks and financial services companies had to totally rethink how they serve customers […]

August 10, 2021

Community banks are under pressure from the latest apps or start-ups that attempt to lure customers away with features that they may lack: cutting edge technology, international capabilities and a digital-first approach. However, much less attention is focused on where […]

July 27, 2021

Today, UK fintechs make up 10% of global market share, are collectively worth more than £11 billion in annual revenue, and earned more investment than the next five biggest European countries combined. Seeking to capitalise on this staggering growth, the […]

July 12, 2021

While there was no breach of Morgan Stanley applications, the bank was still subject to an incident through a supply chain attack. In this case, a compromise further up the supply chain, the vendor of a Morgan Stanley vendor, led […]