Latest banking publications
US banks have already made 40 deals with fintech companies this year despite economic uncertainty surrounding COVID-19, according to a new report.
CB Insights analysed equity investments made by US banks to private fintech companies since 2010, revealing the most active US banks to be Goldman Sachs, Citigroup and JP Morgan Chase & Co.
Why now is the right time to invest in data and AI capabilities and how organisations can maximise ROI.
NatWest is turning to behaviour-aware biometrics security to comply with tighter European Union payment regulations.
Next year, the EU’s Strong Customer Authentication (SCA) comes into force, which includes the requirement that certain transactions go through additional authentication checks.
SCA, part of the PSD2 regulation, is an extra layer of security designed to prevent fraud and validate that an individual using a card is the actual cardholder.
Efforts to identify and block scam text messages pretending to be from trusted organisations during the coronavirus crisis are being stepped up.
The mobile phone and finance industries have joined forces to help tackle the problem of “spoofing”.
Spoofing techniques by criminals mean they can make text messages appear to be from a legitimate organisation, by changing the sender ID at the top of the text.
Currency exchange business Travelex has insisted it is making “good progress” on recovering after a ransomware virus on New Year’s Eve led to its systems being shut down. Bosses said some internal and order processing systems were returning and the company is starting to switch on in-store systems again. Tony D’Souza, chief executive of Travelex said: “We continue to make good progress with our recovery and have already completed a considerable amount in the background.