This has been another busy year in cyber security, with hackers targeting business, governments and major cities across the globe. From a financial services perspective, 2019 witnessed a number of high-profile data breaches, some of the largest to date, which affected millions of people. So, as we head into 2020, cyber security is very much on the boardroom agenda. Let’s take a look at some of those key trends in cyber security for 2020.

It is a challenging time for UK banks, with an increasingly complex landscape and imminent events such as Brexit posing a threat to stability. Traditional banking institutions also face the rapid success of digital-first challenger banks and fintech firms, with an ever-increasing number of new entrants snapping at their heels. The pressure is on for UK banks to become more resilient by adopting customer-centric strategies, evolving with market trends and piloting emerging technologies.

Broadridge Financial Solutions, Inc. [NYSE:BR], a global Fintech leader and part of the S&P 500® Index, and IBM Services [NYSE:IBM], today announced an agreement to bring new cloud-based solutions to Broadridge’s clients in the financial services industry. As part of this strategic collaboration, Broadridge will create The Broadridge Private Cloud^TM powered by IBM and will transition a significant portion of its global infrastructure to IBM.

Last year the WBR Insights team interviewed 100 Heads of Indirect Procurement from companies across Europe to find out more about the challenges they face and the innovative solutions they’re bringing to the table.

Read the full report “Navigating a Digital Landscape: Bringing Sustainability and Innovation to the Indirect Procurement Process” here

Vend, the preferred retail point-of-sale software of the British Independent Retail Association, has today announced a partnership with global payments provider Klarna. The collaboration gives customers of boutique retailers more flexible payment options, levelling the playing field for small business to compete with enterprise retail and offer Klarna’s smooth and easy payments in-store across the United Kingdom. The role out will later follow in the United States in 2020.

The Bank of New York Mellon Corporation (“BNY Mellon”) today announced a new suite of oversight and contingent Net Asset Value (NAV) calculation solutions to complement its existing fund accounting capabilities for clients. These new services are designed to drive greater transparency, efficiency and risk management for asset managers and asset owners.

BNY Mellon’s new NAV offerings, which are platform and provider agnostic, set a new industry standard for clients with three key features:

The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing finance companies, has published a first of its kind guide to address the need for increased access to bank accounts.

Moneyfarm, the leading European digital wealth manager, today launches a campaign urging those entering their 40s and 50s to invest in their plans for later life now, after identifying a “mid-life opportunity” which could see them benefit from thousands of pounds extra income to help them realise their retirement goals.

Temenos (SIX: TEMN), the banking software company, announced that it has delivered new industry first Banking Distribution Services as part of the award-winning Temenos Infinity digital front-office banking product. Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform at scale, creating AI-driven customer experiences. Through upgradeable, standalone distribution services banks are able to retain their own apps and digital banking experience but offer deeper personalized customer engagement capabilities.

Trend Micro researchers Ecular Xu and Joseph C Chen recently discovered three malicious applications in Google Play. They are not the first malicious Google Play apps to be found. In the past, others have been detected that were designed primarily to steal data, whether banking data or a victim’s other personal data.

Two of these applications make it possible to take and edit photographs, while the third is a file manager for Android.