Latest FinTech publications

Lloyds Bank survives three-day DDoS onslaught

Lloyds Bank, the largest retail banking outlet in the UK, was subject to an unusually sustained Distributed Denial of Service (DDoS*) attack earlier this month, according to recent reports. Initially reported (paywalled) by the Financial Times, the attack began on the morning of January 11th and ran until the close of Friday 13th. Business Insider,… Read More

Accenture automates 17,000 jobs without layoffs

Financial services company Accenture claims that it has automated17,000 back office jobs without laying off a single employee. In an interview with Business Insider CEO Richard Lumb said that by retraining staff, they were able to remain in the group without the need for layoffs. At the same time, automation helped the company to streamline processes… Read More

Fintech platform BillFront raises $35mn in Series A funding

BillFront, a fintech startup which allows digital media firms faster access to their revenues, has raised $35mn (approx. £27.6mn) in Series A funding. Announcing the completion of the integrated debt and equity round, BillFront said that it will use the funding to expand the company and support the needs of its fast-growing network of customers…. Read More

Series A funding for Belgium’s FinTech ‘debt collector’ technology

Not all FinTech is blockchain: a company in Belgium has just raised €2.2 million (approx. £1.9 million) in a series A funding round to commercialise software which pursues unpaid debts, even court debts, using SaaS. Virteo‘s online community platform has received funding commitments from three sources; ParticipatieMaatschappij Vlaanderen (PMV) is down for 50%, with the… Read More

UBS bank will spend $1 billion on comprehensive IT overhaul

Swiss global financial services company UBS, the largest provider of private banking in the world, is set to spend $1 billion on a complete refit of its IT infrastructure. Speaking to Reuters, UBS’ Chief Operating Officer for the company’s wealth management sector said “This is about integrating our historically fragmented infrastructure that we have globally… Read More