An 8,000% surge in financial data breaches affecting millions across the UK central government between 2019 and 2023 points to a “potential crisis” in public sector cybersecurity, according to a Freedom of Information request to the Information Commissioner’s Office (ICO). The alarming statistics derive from reports of personal data breaches made to the ICO under […]
Open Banking platforms still have a way to go to convince the public of their superior safety despite 1 in 5 feeling this form of online transaction is secure, according to I-Finity’s 2024 Open Banking survey. Open Banking is not only safe and secure, but also faster and more efficient than regular online banking methods. […]
TransferGo, the global fintech empowering a world on the move, has partnered with Tink, a market-leading payment services and data enrichment platform, to add Pay by Bank to its payments offering. TransferGo provides more accessible financial services by making international money transfers simpler, faster and lower cost. It operates in 160 countries and has more […]
New data from intelligent planning technology provider Board International, reveals that UK business leaders are placing a renewed focus on scenario planning in response to a volatile business landscape. According to the new Board 2024 Global Planning Survey, 76% (Global: 71%) of decision-makers are taking planning more seriously, with the war in Ukraine, cost-of-living crisis, […]
New research from embedded finance specialist Weavr reveals that a staggering 94% of Accounts Payable (AP) professionals would prefer their AP software to be able to execute payments, not just prepare them. Based on a survey of 250 UK finance and accounting professionals, the data shows a significant number of pain points within current industry […]
Cashflows, the platform that makes it easy for businesses to accept payments, today launches the new Cashflows Developer Portal. The enhanced portal acts as a one-stop-shop to empower merchants and partners with access to all of Cashflows’ products and services, streamlining and simplifying the onboarding process. Bringing together all technical documentation into one place, Cashflows’ […]
The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the formation of the AI Readiness for Financial Services Industry (FSI) Special Interest Group (SIG) as part of its broader pioneering artificial intelligence (AI) strategic initiative. This SIG will create a collaborative environment for industry leaders to collectively develop […]
The QualRisk Cyber Insurance Center (QCC) announces the release of its 2024 Global Market Report (GMR). The report highlights global cyber insurance premium growing 6% in 2023, the slowest rate of growth since 2019, reaching a total global premium of $ 14.4bn. The report also forecasts a doubling of the global cyber insurance market by […]
Elmore, a leading insurance provider to the fintech community in Europe, is highlighting today the risks to the embedded finance market, which has been forecast by PWC to grow fivefold, from US$54.3bn in 2022 to US$248.4bn, by 2032. With the increasing integration of savings, credit, insurance and investing tools into non-financial apps or websites, the […]
ExtraHop, a leader in cloud-native network detection and response (NDR), today released its third annual Global Cyber Confidence Index, which found organisations are generally ill-equipped to manage and mitigate their cyber risk following a significant increase in ransomware attacks and cybersecurity incident downtime. Although an overwhelming majority (88%) of IT and cybersecurity decision makers said […]
