This month, the European Banking Authority (EBA) announced an 18-month delay to the implementation of Strong Customer Authentication (SCA). However, the delay to PSD2 – which follows UK FCA’s own delay in August – seems to have come too late to harm merchants’ appetite for Open Banking Solutions. Having already implemented the necessary technical fixes, […]
UniCredit has revealed a data breach resulting in the leak of information belonging to three million customers. This marks the third occasion that their customer account data has been lifted by hackers. In July 2017, the Italian global Bank said hackers had accessed client data in two separate attacks, in September and October 2016, affecting […]
Caple helps chip design and supply house EnSilica with access to unsecured lending Alternative SME credit specialist Caple has supported EnSilica, a leading bespoke chip design and supply firm, with a £3.7m fully unsecured loan. This will enable EnSilica to continue its expansion into high-growth sectors including automotive, space and the Internet of Things (IoT). […]
Ahead of its highly anticipated launch in 2020, new SME banking entrant Recognise has appointed cloud banking provider Mambu Recognise’s appointment of Mambu and its market leading cloud-native solution, will transform and improve banking service levels by enhanced transparency, communication and speed of transactions for SMEs. Recognise, a subsidiary of the City of London Group, […]
UniCredit has revealed a data breach resulting in the leak of information belonging to three million customers. This marks the third occasion that their customer account data has been lifted by hackers. In July 2017, the Italian global bank said hackers had accessed client data in two separate attacks, in September and October 2016, affecting […]
AccountScore and Equifax have today announced the release of a new credit risk index for the consumer lending sector which allows financial institutions to more effectively understand consumers applying for credit products. The index is based upon the transactional information found within a consumer’s bank account and takes advantages of the opportunities provided by Open […]
Mastercard has launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialised programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their […]
Leading digital cross-border payments provider, InstaReM, is rebranding to become part of Nium, an industry first global enterprise payments platform. Nium is the first platform to enable businesses to send, spend and receive money around the world, whilst also empowering them to build their own products. The team behind InstaReM has been gearing up to […]
Responding to the Treasury Committee’s report into IT failures in the financial services sector, UK Finance chief executive Stephen Jones said: “Operational resilience is crucial in a modern financial system and the industry continues to invest billions to ensure systems, human and digital, are robust and secure. When incidents do occur, firms work around the […]
(Top left to right): Norman Peterson, director of GCV and Maven Bonds; Bill Kennedy, non-executive director of GCV and director of Maven Bonds; Craig Peterson, director of GCV and Maven Bonds. (Bottom left to right): Suzanne Lupton, non-executive director of GCV and director of Maven Bonds; Simon Lenney, independent chairman of Maven Bonds An innovative […]
