A “worrying” number of banks and financial institutions are still risking multi-million pound fines like the £107m penalty issued to Santander at the end of last year, an anti-money laundering expert has warned. The lender was censured by the FCA in December for a range of anti- money-laundering (AML) shortfalls between 2012 and 2017, with […]
Leading global intelligence and cyber security consultancy S-RM has today revealed in its Cyber Security Insights Report that there has been a drop in concern around the cyber security threats posed by hybrid working. However, a significant proportion (35%) of IT leaders say they are concerned over a cyber skills gap among employees. The report, which draws on data from 600 C-suite and IT […]
The UK industry with the most cybersecurity breaches in 2022 Rank Industry Average no. breaches per employee Number of data breaches in the past year 1 Information/communication 66.17 320,060 2 Finance/insurance 18.45 305,785 3 Retail/ wholesale (including vehicle sales and repairs) 11.51 183,500 4 Transport/storage 4.98 111,654 5 Education 8.04 106,365 6 Utilities/production 3.1 55,862 […]
It is predicted that by 2024, the number of people who own a smartphone will surpass 7 billion. Unsurprisingly, the payments industry continues to flourish, with an estimated £5.3bn sent to low and middle income countries this year. The world is sending more money digitally than ever before, but how will this impact remittance and payments services in […]
A new report by leading providers of IT infrastructure, Softcat, offers an exclusive look at the tech investments the financial and banking sector is prioritising in the year ahead. The findings form part of a report based on the views of more than 1,800 customers in the UK and Ireland – across 27 corporate and public […]
British business is bracing itself for a difficult year ahead, new research from Europe’s leading open banking platform, Tink, has revealed. In a recent survey of UK online retailers, half (50%) said they are worried about how their business will survive the next 12 months, with four in ten (41%) afraid of going bankrupt. As […]
Following a successful pilot, Nationwide, the world’s largest building society, has today announced an API integration with Smartr365, the UK’s leading end-to-end mortgage platform. The integration of Nationwide’s API solution with the Smartr365 platform means intermediaries can submit customer Decision in Principle (DIP) applications without needing to rekey data in the Nationwide portal. Integration should […]
Despite the bleak economic outlook, investment in digital transformation remains top priority for businesses. According to RSM UK’s latest ‘The Real Economy’ report, over a quarter (28%) of UK businesses now consider digital transformation to be their single most important area of investment. A further 58% of businesses surveyed view digital transformation as among their […]
Cloud-native core banking engine, SaaScada, today announced it was selected by astrantiaPay to launch a Swiss point of contact for international businesses looking to open and run corporate bank accounts in Switzerland. Once regulatory approval is in place, astrantiaPay will provide mission-critical payment services to sophisticated Swiss, European, and global companies. “Promoting SMEs is high […]
Thought Machine, the cloud-native banking technology company, today announces it is powering Trust Bank, the first of Singapore’s cloud-native digital banks. Trust is a rapidly growing digital-only bank with an exceptional user experience built in the cloud. Leveraging Thought Machine’s technology, Trust has designed a world-class solution with an intuitive customer experience combining best-in-market rewards […]
