Elucidate, the financial crime risk scoring platform, has launched the Elucidate FinCrime Risk Monitor (EFRM), an open database for scoring the financial crime risk vulnerability of financial institutions. During a time when financial crime scandals are increasingly common, the EFRM looks to increase transparency in the finance industry. The EFRM evaluates more than 17000 financial […]
The UK government has announced that the EU has allowed data to continue flowing freely meaning any business that holds data in the UK doesn’t need to take additional measures to secure international data transfers. For the millions of businesses in the UK that have customers or clients across the EU this will make trade, […]
Concerns around increasing energy usage, driven by growth in cryptocurrency markets, continue to spread, according to a new Index created by academics from Trinity Business School. The Index of Cryptocurrency Environmental Attention (ICEA), developed using 778.2 million news stories from the Lexis Nexis database, captures media attention given to discussing the environmental impact of cryptocurrencies. […]
Only 13% of European P2P lending platforms provide diversification opportunities outside Europe, according to the latest research by the investment platform Robo.cash. As stated by the analysts, it is the European segment that is likely to take the leading position worldwide in the future. The researchers reviewed 101 European P2P lending platforms to find that […]
Phishing impersonations and business email compromise attacks designed to steal victims’ bitcoin surged by 192% between October 2020 and May 2021, closely following the rising demand and increasing price of bitcoin over the last eight months , according to new analysis by Barracuda Networks, the trusted partner and leading provider for cloud-enabled security solutions, in […]
Gen Z shoppers leave £6.5bn of items in online shopping baskets each year; £3bn more than the over-65s, new figures reveal. Research from Barclaycard Payments, which processes nearly half of the nation’s credit and debit card transactions, shows that 69% of 18-24 year-old consumers ‘shop and drop’ when online, compared to 42% of over 65s. […]
The digital transformations introduced during the lockdown have inevitably changed consumers’ habits and lifestyles, but they will not have a temporary effect, as demand for new solutions and services for private and professional life is growing. Among the sectors affected by digital acceleration is banking, where pandemic and social distancing have driven more and more […]
A newly-published report from findexable that algorithmically ranks cities and countries around the world according to the number and success of their financial technology (‘fintech’) companies has shown that London remains the second most active city in the world, behind San Francisco, but that the fintech space in the rest of the UK is expanding […]
A new report from Juniper Research has found that digital cross-border remittances will grow from $295bn in 2021 to $428bn in 2025, with digital transactions returning to pre-pandemic values by 2022. It found that the digital remittance market has been largely resilient to the global pandemic; forecasting continued growth for digital remittance revenue over the […]
Bizdaq, a UK based tech company, has launched a platform that empowers business owners and aspiring entrepreneurs to buy, grow or sell their business for free. The world of SME business sales, in the main, has been ‘sleepy’. Until now. Bizdaq has launched a pioneering platform to revolutionise the market – making it completely free […]
