If you deal with sensitive data, invest in encryption
Software can often do the job, but hardware encryption is often seen as the more secure method...
Tag : banks
India’s big players will embrace digitisation as they become major exporters
The GTR India Trade and Treasury Conference in Mumbai was an eye-opener Ian Kerr March 20, 2017: India is on the move towards digitisation in trade. Our attendance at this year’s GTR India Trade and Treasury Conference in Mumbai certainly confirmed that. With delegates from more than 120 companies and the key banks in the...
Ohpen gets FCA authorisation to operate in the UK
The Dutch fintech and outsourcing provider is aiming to challenge incumbents February 1, 2017: Ohpen has gained approval from the Financial Conduct Authority (FCA) to carry out its regulated activities in the United Kingdom (UK). The approval enables Ohpen to provide its software and outsourcing services to asset managers, banks and insurance companies in the...
Banks need not fear startups
How data science can save traditional banking and insurance from GAFA Florian Douetteau December 12, 2016: In 2016, there are very few industries that big tech players (Google, Apple, Facebook and Amazon – or GAFA) don’t have their hands in. The finance industry is no exception; after having recovered from the global economic crisis of...
Implementing digital for banks and insurance
How financial institutions can develop digital strategies as bricks and mortar become obsolete Alejandro Gonzalez & Pedro Fernández December 9, 2016: The way customers interact with banks and insurance companies has changed: according to Eurostat and The Financial Brand, as much as 40% of banking customers in the EU are active online banking users. That...
Morgan Stanley, Barclays, HSBC pose reduced risk to global financial stability
Financial Stability Board releases list of global systemically important banks...
Ireland not keen to host high-risk trading post-Brexit
Risks and scale have prompted this cautious response from Dublin November 29, 2016: Ireland has indicated to a number of large investment banks that it would be hesitant to host large trading operations. The Irish central bank has signalled in talks with banks that they would encounter serious hurdles to gain regulatory approval for these...
Tech companies beat banks in political lobbying in the US
Silicon Valley spend is double that of banks IFM Correspondent October 27, 2016: That banks in the US cozy up to politicians is known to all. However, a study by Bloomberg shows that it is no longer just Wall Street, but also Silicon Valley which is getting into political lobbying. Bloomberg has stated that the...
UK millennials uneasy sharing personal info to open bank accounts
Nearly half of respondents expressed security concerns about entering and viewing banking information on a mobile device October 21, 2016: A new research report released found that while millennials depend on their digital devices, they are still uneasy sharing personal information to open bank accounts. The report, UK Millennial Study: Privacy vs. Customer Experience in...
Bank consumers: Focus on service to keep me loyal
Majority of consumers feel providers don’t value them October 21, 2016: A report released by marketing technology company, Wiraya highlights that businesses need to overhaul the way they communicate with customers or risk losing them to rivals. An overwhelming 86% of customers who left their bank, energy, mobile or insurance provider in the last six...