A new cloud-based service, letting consumer lenders improve loan quality and acceptance rates through the use of big data, is leading the charge in the fight against cyber criminals and online fraud.

Big Data Scoring - a tool used by banks and financial institutions to determine someone's creditworthiness based on data secured online - has introduced a range of new features to see if the user’s actions are legitimate.

Santander is pleased to be the first UK bank to introduce Blockchain technology which facilitates international payments, through a new app. It is currently being rolled out as a staff pilot, with the intention to expand the technology at a later date.

Profidata Group AG (Profidata Group) has acquired the entire shares of abraxas GmbH (abraxas), a business that makes a perfect match for the existing portfolio of Profidata products and services.

ERI, with its OLYMPIC Banking System software package, has been crowned best in the "Portfolio Management" category for Europe, by WealthBriefing, the leading online journal and news website dedicated to serving the Private Banking and Wealth Management sector. Showcasing ‘best of breed’ providers, the awards recognise companies and teams which the judges deem to have ‘demonstrated innovation and excellence during 2015’.

Workiva, creator of the Wdesk cloud-based productivity platform for enterprises, today announced that New York Life Insurance Company continues to expand its use of Wdesk to modernize business data processes within its financial reporting and risk management teams and other finance functions.

Merchant Risk Council (MRC), a leading global trade association for eCommerce fraud and payments professionals, released comprehensive results of the 2016 Global Payments Survey at their European Congress in Seville, Spain.