The cyber attack on foreign exchange provider Travelex demonstrates the growing threat of ransomware and is a warning that financial services firms need to step up their security, according to a leading cyber expert. Tim Thurlings of bluedog Security Monitoring says the company has detected a worrying increase in the number of ransomware attacks worldwide […]
Firms need to take action now as new rules aimed at tackling money-laundering come into force today. These place increased importance on the acceptable use of electronic verification methods in confirming identity, without the need for passports or utility bills. Consequently all financial services firms, solicitors, accountants, estate agents and now also letting agents not […]
New research by MerchantMachine.co.uk reveals the jobs that are most at risk when it comes to automation and which nations are at most risk. The research also offers insight into which industries are at highest risk around the world. It seems those in the service industry are going to be the most impacted as automation […]
The volume of online cyber attacks on UK businesses more than doubled in 2019, with organisations subjected to 576,575 attacks each, on average, according to analysis from Beaming, the specialist business ISP. The number of internet-borne attacks in 2019 was 152% higher than the 281,094 recorded in 2018 and was the largest volume of cybercrime […]
Millions of workers returning to work after Christmas and New Year will have to remember an average of 27 passwords, and many of these will have been forgotten over the break. It comes as no surprise then that employees may not be instantly productive as they waste time calling IT helpdesks to help them login. […]
Stuart Dobbie, product owner at Callsign, predicts that next year AI algorithms will be requiring a reality check. A flood of businesses are looking to AI to solve business challenges, automate processes and differentiate their solutions in highly competitive markets. But with the pressure to bring these solutions to market quickly, we’ve seen gender, racial […]
Ultimate Finance has partnered with Nivo to invest in facial recognition technology to make it quicker and easier to apply for funding. Nivo gives Ultimate Finance access to a range of leading technology services so they can streamline customer engagement through instant messaging. Features such as biometric ID verification and file sharing remove the traditional […]
British freelance payments platform Paydesk today announced its integration with TransferWise, the global technology company for moving money internationally, to offer the most efficient payments to freelance workers. Now more freelancers across the world will be able to access the benefits of Paydesk features such as immediate insurance cover and quick payments for work. Freelancers […]
Alternative Business Funding (ABF) and leading insurance broker, Jelf, has announced a new strategic collaboration, providing Jelf’s 250,000 commercial clients with greater access to a wide range of business funding products. The collaboration will see Jelf, who recently announced it will be rebranding as Marsh Commercial in January 2020, introduce its clients to the innovative […]
There are 7 commercial banks operating in Lithuania in 2019. With a recently proposed tax that targets banks and other lenders, talks of ensuring the banking stability have led to musings about creating a state-owned commercial bank. Considering the fact that the Bank of Lithuania has recently made significant strides in fostering fintech sector that […]
