Gemalto releases findings of 2016 Breach Level Index
- 7 years 11 months ago
- Security
Gemalto, the world leader in digital security, today released the findings of the Breach Level Index revealing that 1,792 data breaches led to almost 1.4 billion data records being compromised worldwide during 2016, an increase of 86% compared to 2015. Identity theft was the leading type of data breach in 2016, accounting for 59% of all data breaches.
Brits Vote: Biometrics Is More Preferable to Passwords
- 7 years 11 months ago
- Mobile Banking, Security, Authentication Technology
Research from Equifax, the consumer and business insights expert, shows that 56% of people online would prefer to use a biometric security method over traditional options like passwords to log into their financial accounts online. The online survey, conducted by YouGov, found that a third (33%) of people would prefer to use fingerprint recognition as a security method to access their accounts. A further 13% would like to use iris scanners, 7%...
BT Unveils Tech-packed Innovation Showcase for Financial Services Firms
- 7 years 11 months ago
- IT Innovations, Technical
BT today announced the opening of a new customer experience showcase for its financial industry clients. Located at its Adastral Park research and development hub in the UK, it demonstrates how digital innovations can be securely adopted throughout a financial services organisation to improve efficiency and customer experience while creating a platform to drive growth.
Mizuho and Marubeni Initiate Asean Fintech Partnership
- 7 years 11 months ago
- IT Innovations
Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiya Kokubo, “Marubeni”) have agreed to start exploring for opportunities to provide new financial services utilizing FinTech in the ASEAN region.
Starling Bank Teams Up with Current Account Switch Service
- 7 years 11 months ago
- Mobile Banking
Starling Bank, one of the new breed of mobile-only banks, has joined the Current Account Switch Service, bringing numbers up to just shy of 50 in just three and a half years, covering almost 100 per cent of the UK’s current account market. Starling Bank, which aims to meet the banking needs of a generation of mobile users, is the newest brand to sign up to the service, which has successfully switched more than 3.5 million current accounts since...
D+H Moves European Instant Payment Testing To the Cloud
- 7 years 11 months ago
- Payments, Cloud
DH Corporation (DH.TO) ("D+H"), a leading provider of technology solutions to financial institutions globally, today announced that it is offering a cloud-based instant payments testing environment for the European market.
MoneyGram Announces Confidential Talks with Euronet
- 7 years 11 months ago
- M&A Deals
MoneyGram (MGI) today announced that it has entered into an Acceptable Confidentiality Agreement with Euronet Worldwide, Inc. ("Euronet") (EEFT) so that it can further consider Euronet's unsolicited proposal made on March 14, 2017 to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis (the "Euronet Proposal").
A2B Internet Selects Juniper Networks vMX as the First Virtual Network Function Service in its Next-Generation Network Platform
- 7 years 11 months ago
- Security, IT Innovations
Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, and A2B Internet, a Dutch internet connectivity provider, today announced that A2B Internet has selected Juniper Networks® vMX Virtual Routers as the first Virtual Network Function (VNF) for its next-generation network platform.
First Islamic core banking deal for Path Solutions in the Americas
- 7 years 11 months ago
- Banking
Suriname-based Trustbank is taking a big leap after signing a new licensing deal with Islamic software vendor Path Solutions to implement iMAL Islamic Banking & Investment System as its new core banking platform. This is a major breakthrough for the Kuwaiti vendor, as it’s the company’s first Islamic core banking software deal in the Americas. Path Solutions was selected after a comprehensive assessment of leading global solution providers...
UK Banks Can Learn from their U.S. Counterparts in Response to PSD2
- 7 years 11 months ago
- Infrastructure
Banking executives will gather to discuss the challenges of PSD2 implementation at a Congress in London tomorrow. Early signs point to a battle between financial services institutions and technology firms over the new legislation’s customer data access requirements.
International Islamic Bank Selects ICS BANKS® ISLAMIC System from ICSFS
- 7 years 11 months ago
- Islamic Finance
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic Bank (IIB), a newly established bank in Iraq, has selected the multi-awards winning system ICS BANKS® ISLAMIC.
eProseed migrates Al Rajhi Bank's DB systems to Oracle Exadata
- 7 years 11 months ago
- Banking
Al Rajhi Bank, an advanced financial institution in the Middle East, called upon eProseed's expertise to provide assistance in the migration of its mission critical business databases to Oracle Exadata, a platform specially engineered to run Oracle Database. One year after the initiation of the project, the Bank is now reaping the benefits of improved staff productivity and resource utilization.
Callsign Inc. Integrates Its IDA Technology With the ForgeRock® Identity Platform™
- 7 years 11 months ago
- IT Innovations, Technical
Identity initiative delivers unmatched level of user experience and security
Arvato Financial Solutions Doubles Its Stake in Brazilian Financial Services Provider Intervalor
- 7 years 11 months ago
- Infrastructure
Arvato Financial Solutions, the globally acting financial services provider, is taking its step-by-step option and has increased its holdings of Intervalor shares to 81.5 per cent. After initially acquiring 40 per cent of interest in Intervalor shares in June 2015, this is a further important step within the consistent internationalization of Arvato Financial Solutions. Both parties have come to an understanding that the financial details of...
European Fintech Creamfinance Attracts €21M Investment From Capitec Bank
- 7 years 11 months ago
- Investment
Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced today the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”).
